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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (69622)	9/27/2007 9:59:18 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Global Credit Crisis Canadian Style globaleconomicanalysis.blogspot.com Canadian companies were buying toxic US mortgage debt thinking it was marketable. $40-billion in ABCP is now frozen. A workout plan to convert short term debt to long term is failing. Uncertainty is spilling over into the rest of the credit market, driving down demand and forcing companies to cancel projects because of soaring costs of funding. Mish