Hayden Likens Dubai Crisis to `Black Swan' Event: Video

Nov. 27 (Bloomberg) -- Vern Hayden, president of Hayden Financial Group LLC, and Mark Dow, a port...  More »

Nov. 27 (Bloomberg) -- 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)  « Less