Size doesn’t matter?

While most of Wall Street has been quick to dismiss the significance of the Dubai Debacle (this should not come as a surprise from the same group that claimed our subprime problem was contained), GMO’s Edward Chancellor has once again hit the proverbial nail on the head.  Please read on for his thoughtful commentary on the global implications of a Dubai World Default, which incidentally, also nicely supports our thesis for yuan revaluation.