DUBAI World admits its Real Estate Holdings are Turkeys on Black Friday

With real estate values down 50% in Dubai, and not enough indoor skiers, the snow is melting on Dubai World Real Estate Holdings and it tells its lenders it will not be making interest payments for the holidays.

Major Lenders Royal Bank of Scotland (RBS), HSBC and others, but most U.S. Banks do not have loans here.

Ten Year Note ^ Rally continues, flight to safety, Dollar Rallies, Gold? Drops for first time in Decades or least two weeks which ever is bigger. Yen Rallies ^ to new highs, Pound and EURO SINK.

If the dollar strengthens, this will violate all laws of science and economics for the six point two thousand time, with a degree of certainty of 99.27%.

Happy Holidays