Posted on 20/10/07
Investing in turbulent times could be your best move
Many are still hesitant about investing these days. After all, we are in the midst of a financial/political/military crisis. In Canada, some asset-backed commercial paper (ABCP) has been frozen, and some banks and pension funds are attempting to refinance it. In the United States, the subprime mortgage scare does not seem to have passed - just the other day a bunch of U.S. banks said they are putting together an $80-billion (U.S.) package to backstop buying such problem mortgages. And if the financial upheaval were not enough, there are nasty wars in Iraq and Afghanistan, and on top of that, the Americans may be getting ready to attack Iran. How can anyone invest in a turbulent time like this?
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