What are the repercussions of Dubai’s Collapse

Now that the Dubai situation is becoming more clear, it is worth looking at the worldwide repercussions of this. Whether Dubai will actually default on some $80 billion in outstanding debts is still an open question, but Dubai World, the government owned property developer has fingers in pies all over the world, and one has to wonder if they will be thrown to the wolves, in which case – expect fire sales throughout, from London to Vancouver.

More on What are the repercussions of Dubai’s Collapse