Tag Archives: dubai

Stacy Summary:  The billionaires are preparing while the ‘middle class’ still hold out hope, diving back into the housing and equity markets hoping for, praying for one last chance at the wheel of fortune.  Once these desperate speculators realize that they all collectively bet on red by betting on asset price inflation as retirement plan . . . there will be unrest, according to South African billionaire, Johann Rupert.  What do you think???

• There will be blood warns billionaire Rupert

• UK business calls on government to help recoup £400 million from Dubai

• China’s yuan to usurp dollar as reserve currency

• German economy shrank most in 40 years

• Singapore’s sovereign wealth fund begins dumping its investments in submerging economies

Updates:

• Former federal pensions chief faces criminal probe over role in awarding Goldman Sachs & JP Morgan billions to manage; coincided with disastrous (criminal) decision to move $50 billion under management from bonds into real estate & equities in May of 2008

• California orders layoffs of thousands of state employees to cover $15.4 billion deficit