- Bargain hunters turn out, the Journal reports. “While still very early in the holiday season, the more modestly priced stores seem to be seeing robust demand, while more mid-tier and upper-end are having a slower go of it.”
- The Dubai debt crisis offers “a great precedent” for other state-owned companies that may default on their debt, Felix Salmon says.
- The Thanksgiving bailout (a true story, although the author seems to have an ax to grind (hat tip, Alphaville.))
- “What’s going on in Los Angeles will soon be going on across the US and developed world,” Leo Kolivakis writes at Zero Hedge. And he’s not talking about the Lakers.
- Banks could lose $430 billion from commercial real estate, Calculated Risk notes.
- So much for a quiet day after Thanksgiving. Dubai shows cheap money can’t cure everything, says Miller Tabak’s Peter Boockvar.
- “The impact of the upheavals in Dubai extends far beyond the middle eastern emirate. Indeed, it may be the beginning of the end of the global risk trade, if it isn’t over already,” Randall Forsyth writes at Barrons.com (which is holding a four-day “open house” that starts tomorrow.)
- Figuring out just what the story is with Dubai World is like “Rashomon in the desert,” Paul Krugman says (and we appreciate the Kurosawa reference.)
- “There remain massive debt issues home and abroad and Dubai is only the latest example of such,” the Pragmatic Capitalist says.
- The blogosphere’s role in analyzing the economy (We’ve seen this periodic table of finance bloggers. It’s almost perfect - only missing a certain Market Talk blog… just sayin).
- How big is too-big-to-fail?
