Last weekend (Nov. 17, 2007) the Globe and Mail published a good summary of the Canadian ABCP story called, The ABCP black box explodes, by Boyd Erman, Jacquie McNish, Tara Perkins and Heather Scoffield.
The reporters correctly point out that the main “trigger” behind the Canadian ABCP conduit crisis was that “investors were beginning to panic [...]
Entries from November 2007
The Globe does a good job on the Canadian ABCP story
November 20th, 2007 · 2 Comments
Tags: Credit · Current Events
Signs of the (U.S. economic) end times?
November 11th, 2007 · No Comments
As a Canadian who invests heavily in U.S. stocks it alarms me to see the value of the USD slide against the CAD (and every other major currency) so far and so fast. Is this a sign of overall bearishness towards U.S. assets? Although many large cap names derive significant revenues from overseas, I’m finding [...]
Tags: Current Events