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In an interview on Wednesday with a Bloomberg correspondent, Roubini let out another dire prophecy, although it’s not very specific and not different than what he’s been saying before. Here are some excerpts from that interview. You can also watch the whole video from the link below.
Basically the message is that the picture is still [...]
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Well, it’s been just about a month and a half now that markets have really been in the nosedive. Maybe slightly more. It really started to dive maybe just by the end of September. October was the worst month on record (for several measures) since the post-war (WW2) period. But November hasn’t really been much [...]
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BNN’s Amanda Lang and Kevin O’Leary reported today on SqueezePlay that three U.S. cities have just written letters into the Treasury asking for their own bailouts – Arizona, Pennsylvania and Georgia are starting to look as financially well-off as California, which is completely in the red. Is this a sign of worse to come? What’s [...]
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A great article in today’s Financial Post explains how Canada’s really the most fiscally conservative G20 member right now. Ironic, eh? Flaherty and Harper don’t want any more government intervention in the markets right now.
Canada has the world’s best and most safe banking system currently. Corporations here aren’t going bankrupt and can still issue medium-term [...]
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