...."Our whole society depends on it.".....
I don't think so....... US is slowing down and will do slow much further than this next year....
The BRIC, europe and Asia will have to carry the ball until Uncle Sam is feeling better..... IMHO Uncle Sam will be out of the game with the flu for quite a while....
Be prepared for a further slow down here in OZ land as well....
...."Feds shut down Southern California-based IndyMac Bancorp and take over operations as the fifth U.S. bank to fail so far this year crumbles in the subprime shakeout. Regulators say the "immediate cause" of collapse was a deposit run. It's the third largest U.S. bank failure."
Monday financials will get creamed once again..... I think we still have a much further to go on this credit crunch crisis...... especially in November.....
So, yes I agree absolutely with Bacchus...... if CVI are to bring some news better be good and consistent....no ifs or maybes cause this time the market will not tolerate uncertanty anymore.... The market has given too many chances to this spec and will punish it hard otherwise....
So I don't mind to wait as longer as we get the funding confirmation and the offshores official signing.....NO UPDATES THANKS>......
cheers
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