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ZeroHedge is wrong on Canadian Banks claims Fuqua Duke School of Business

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Uploaded on Aug 20, 2011

Published under Fair Dealings. Current economic crisis expands to blogs that everyone in Wallstreet reads, but is wrong.. that is the BNN premise.

ZeroHedge article on Canadian Banks causes a lot of stir. Article was published in Globe and Mail, then BNN picked up the story. The MSM wants to reassure you all that Canadian Banks are safe. You choose who you want to believe. Place your bets.

Edit: March 26, 2012

The poster feels very bullish on Canadian Banks at the moment and would recommend everyone to purchase more shares at the next dip.
This is due to the fact that the strengthening Canadian dollar will make the repayment of debt denominated in USD much cheaper to repay. Even if debt is not paid down the carry cost of interest expenses denominated in USD will transitionally be marginally lower and should reduce attrition to cash flow ebb, if this increase is not offset by a rise in energy prices due to persisting global jarring of political affairs or abnormal currency inflation.

http://www.theglobeandmail.com/globe-...

BNN link
http://watch.bnn.ca/business-day/augu...

ZH Article
http://www.zerohedge.com/news/next-do...

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