The latest edition of the Economist magazine has just landed on my doormat. The cover story is a 14 page special report on "Stopping Climate Change". I'll read that with interest later, but the first thing I turned to was one of several articles which mentioned Dubai's debt crisis. This one was entitled "The Repercussions of Dubai", and covers international reaction to the Dubai World announcement that it wanted to stop repaying its debts until "May 30th 2010 at the earliest".
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I took part in a discussion over at the Forex Magnates site, where some traders expressed the view that "Greed is Good" and "There is nothing wrong with greed. Greed means you want things". I disagree. I don't think it's that simple. I think that greed at the corporate level is not good, and that greed at a personal level is not good, especially if you're a trader. I'm not the only one.
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