Oil-rich Gulf, Kuwait, Bahrain, Oman, Quatar, Dubai, & Saudi markets fall in reaction to current global crisis...

A "hot of the press" article from the Wall Street Journal, written by Margaret Coker and Chip Cummins, gives some insight about the impact of the current global crisis on the mid-east economy, including places such as Dubai. Along with the price of crude oil, equity values have fallen.

Financial Storm Hits Gulf October 27, 2008
Image from the Wall Street Journal

Massive Declines All Around the World; Wall Street Journal Video - Analysis of World

Is it impossible for experts to model the current state of the world economy?

For a few insights about the current global economic situation, take a look at the video analysis with Andy Jordan and Tom Lauricella from the Wall Street Journal below.

Are there glimmers of hope in this massive decline of global markets? How can we really know?

Market Mush


Related
WSJ Interactive Graphic of 10/24/08 Market Dynamics:
Tough Session: Stock declines started in Asia and quickly spread as markets opened for trading around the world

WSJ Article -10/25/08:
Fresh Tumult as Signs of Recession go Global
(Kelly Evans, Joellen Perry,Yumiko Ono and John Lyons)
"In rich countries and poor countries alike, markets are plunging, companies are scrambling for credit and cutting their growth plans and consumers are keeping cash in their pockets. The U.S. and some governments in Europe and Asia are spending heavily to stanch the problems in markets and Main Streets globally, but the attempts have not halted the damage."