{"id":57406,"date":"2009-12-01T11:57:00","date_gmt":"2009-12-01T16:57:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/marc-faber-dubai-was-just-the-tip-of-the-iceberg-2009-12"},"modified":"2009-12-01T11:57:00","modified_gmt":"2009-12-01T16:57:00","slug":"marc-faber-dubai-was-just-the-tip-of-the-sovereign-default-iceberg","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/57406","title":{"rendered":"Marc Faber: Dubai Was Just The Tip of The Sovereign Default Iceberg"},"content":{"rendered":"<p>Marc Faber warns that further sovereign defaults are ahead. Dubai was just a teaser.<\/p>\n<p>Starting from 0:45 in the video:<\/p>\n<ul>\n<li>Dubai was just the tip of the iceberg. The ultimate result of the financial crisis will be not just bankrupt banks, but more bankrupt governments.<\/li>\n<li>Massive U.S. economic stimulus means that U.S. bonds will one day have to offer higher yield than corporate bonds due to default risk.<\/li>\n<li>China has learned one thing from the U.S. &#8212; how to massage and doctor economic statistics.<\/li>\n<\/ul>\n<p>\n<object width=\"425\" height=\"344\"><param name=\"movie\" value=\"http:\/\/www.youtube.com\/v\/yAcLUNuI43I&amp;hl=en_US&amp;fs=1&amp;\" \/><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"allowscriptaccess\" value=\"always\" \/><embed type=\"application\/x-shockwave-flash\" width=\"425\" height=\"344\" src=\"http:\/\/www.youtube.com\/v\/yAcLUNuI43I&amp;hl=en_US&amp;fs=1&amp;\" allowscriptaccess=\"always\" allowfullscreen=\"true\"><\/embed><\/object>\n<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/marc-faber-dubai-was-just-the-tip-of-the-iceberg-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/marc-faber-gold-is-never-going-below-1000-an-ounce-2009-11\">Marc Faber: Gold Is Never Going Below $1000 An Ounce<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/if-faber-says-the-dollar-is-going-to-zero-then-stocks-and-commodities-will-go-to-infinity-2009-10\">If Faber Says The Dollar Is Going To Zero, Then Stocks &amp; Commodities Will Go To Infinity<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/how-marc-faber-and-john-paulson-are-playing-the-inflation-trade-2009-10\">How Marc Faber And John Paulson Are Playing The Inflation Trade<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/WuAlBY-dBhA\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marc Faber warns that further sovereign defaults are ahead. Dubai was just a teaser. Starting from 0:45 in the video: Dubai was just the tip of the iceberg. The ultimate result of the financial crisis will be not just bankrupt banks, but more bankrupt governments. Massive U.S. economic stimulus means that U.S. bonds will one [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-57406","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/57406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=57406"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/57406\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=57406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=57406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=57406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}