Saturday, November 24, 2007

The Canadian oildrum finance rundown.

The Finance Round-Up: November 23rd 2007

Those Canadian Bears are at it again!!"Want an opinion after all? Here goes: We don’t see how this finance pyramid can be left upright for much longer. We realize there’s players out there with plenty of clout to squeeze some more out of it. Still, it’s an ex-pyramid. It’s not just sleeping. It’s a goner. Keyword until New Year’s: Freeze. ABCP in Canada, covered bonds in Europe, teaser rates in California, bank loans in China, they’re all as frozen as the turkey.And, happy Black Friday to you too"

Posted by planning4acrash @ 05:15 PM (573 views)
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