Saturday, November 24, 2007
The Canadian oildrum finance rundown.
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"