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Hayden Likens Dubai Crisis to `Black Swan’ Event

Hayden Likens Dubai Crisis to `Black Swan’ Event

Vern Hayden, president of Hayden Financial Group LLC, and Mark Dow, a portfolio manager at Pharo Management LLC, talk with Bloomberg’s Jon Erlichman about Dubai’s Credit Crisis and the possible impact on investor strategy. Dubai, the Persian Gulf emirate whose state-run companies are seeking to defer debt payments, said on Nov. 25 that state-run Dubai World, with $59 billion of liabilities, would ask creditors for a standstill agreement as it negotiates to extend debt maturities. (Source: Bloomberg)

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