By Prieur du Plessis, on November 29th, 2009 posted in: Investment, Markets, Money 2 people had their say - chime in!

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As shoppers were emptying their purses on Black Friday bargains, Dubai’s attempt to reschedule its debt roiled financial markets, plunging risky assets into the red. Worries about Dubai’s debt woes rattled investors’ confidence, precipitating a sell-off in equities, high-yielding corporate bonds, commodities and the Baltic Dry Index, while mature-market government debt, the US dollar and the Japanese yen attracted safe-haven buyers. Read all about this and the implications for financial markets in the weekly “Words from the Wise” review. [...]