Xmas
I've moved from one bubble to another - currently sitting at Vancouver airport, wondering how much debt each of these Vancouverites walking by me has. Probably rude to start canvassing this time of year, so I'll get to my info. Spoke to a senior banking executive before I left and was given some interesting things to chew on throughout my flights - considering my lack of sleep I'll try and put it together in a coherent manner before I totally wig out and people mistake me for a crack-head, or being it's Vancouver - a guy who's just bought a crack-shack with mansion money. The most interesting point, Commonwealth Bank and Westpac are looking to buy money 'hand over fist' at the moment to fund their existing loan books and both have slammed the brakes on lending - basically it's any excuse to turn down loans. This ties in with another source who told me the banks 'have to roll over a large amount of debt next year.' There's been a some Mexican ...