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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (52976)2/7/2006 4:52:07 PM
From: UncleBigs  Read Replies (2) | Respond to of 110194
 
It's tough to say who's currency is worse, the bankrupted consumer or the producer whose assets and livelihood are tied to the bankrupt consumer.

America is the bankrupt consumer, Canada is the producer. Both have a big problem.



To: re3 who wrote (52976)2/7/2006 7:55:56 PM
From: kris b  Read Replies (1) | Respond to of 110194
 
the tar sands will still be here and will have the same appeal tomorrow...

Not with barrel of oil at 8-10 bucks US. I saw it in 1986, 1998 and we will see it again (despite of all the hype about the peak oil) as soon as the credit bubble pops. It costs about US $ 17 to extract it form tar, so half of the processing plants will be shut down. We have played that movie before ...few times.


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