I read ths earlier about Dubai: "I have given up saying this will go on and on until (a) all the debt is owned up to and deleveraged (b) the inherent current flaws in the
Breton Woods system admitted and (c) a complete lack of ability to exercise any form of accountability dealt with so, sod it. Everything is fine, the economy is marvellous, the stock market is just dandy, govt debt is hunky-...