I can still remember when $60bn was a lot of money. Today, the interest on it would only buy a couple of new Formula 1 circuits.
So when the news about Dubai defaulting on interest payments popped up today, most of America was on holiday. And the middle east is getting ready for their long weekend celebrating Eid.
I know the London Stock Exchange ground to a halt. I know it was explained to be for 'technical reasons'. But its probably nothing to worry about.
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