Globe & Mail – Canadian bank chiefs feel broader economy can withstand oil rout

http://www.theglobeandmail.com/report-on-business/economy/canadas-bank-chiefs-see-nominal-impact-of-oil-rout-on-broader-economy/article28126841/

Oh yeah, okay. What makes you believe that your visions of sandcastles in the clouds are any different than the fundamentals of the 2008 financial crisis?

Back then – out of control mortgage orgy.

Now the $$$$ signs of greed are getting the 5 minute reality checkin test with the shrinks.

Good luck if you think this problem is licked. Repeat after me, please.

There’s no place like home…. a la OZ.

Go on, follow that yellow brick road.

Leave a comment