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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: Subprime

Dec 13, 2007 01:02AM

Dec 13, 2007 01:52AM

Dec 13, 2007 03:31AM

Dec 13, 2007 03:37AM

Yes maybe.But on the other hand we have inflation coming up and they had to lower interest rates ?

Also on the news today inflation has reached in Europe the highest level since almost 20 years.

America is in a dangerous spiral with us $ declining ,oil prices soaring ,housing problems and a trade gap. Not much to be happy about it.

They were better times to be on the stock markets.

It seems they will avoid a bear market situation against all cost.
Markets have rebound and are nearing top levels again as nothing has happened before.Strange to me.
Maybe the upside will sustain until end this month but I don't see any reason to place another higher top in coming months.
We will see volatile markets for next period to come.
The only most important reason the oil price stays so high is the declining us $ .How low can the $ go in next months?

Dec 13, 2007 04:05AM

Dec 13, 2007 04:17AM
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