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What market watchers are saying this week

FAB'S E-MAIL DIRTY TALK

"Well, what if we created a 'thing,' which has no purpose, which is absolutely conceptual and highly theoretical and which nobody knows how to price?"

- In a 2007 e-mail he sent to his girlfriend, Goldman Sachs whiz-kid Fabrice Tourre talks about his role in inventing controversial mortgage-backed derivative products for the investment bank - a job he described as "pure intellectual masturbation."

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NEXT UP - PEOPLE MAG'S SEXIEST-CENTRAL-BANKER-ALIVE AWARD

"Central bankers aren't often young, good-looking and charming, but Mark Carney is all three - not to mention wicked smart."

- Time Magazine swoons over Bank of Canada boss Mark Carney, who made the magazine's annual list of the top-100 most influential people in the world.

UP THE CREEK WITHOUT AN INVESTMENT-GRADE PADDLE

"We believe that the dynamics of this confidence crisis have raised uncertainties about both the government's administrative capacity to implement reforms quickly and its political resolve to embrace a fiscal austerity program of many years' duration."

- Standard & Poor's delivers a blunt view of Greece's ability to pull out of its debt nosedive, as it slashed the country's credit rating to junk level.



BLACKENED SHRIMP

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"The oil come in everywhere, the shrimp die, the crabs die, the fish die. What do I do? Stay home a long time?"

- Louisiana shrimp fisher Michael Nguyen frets that this season's catch - and his livelihood - may be wiped out by the massive oil spill in the Gulf of Mexico, the result of last week's explosion and sinking of a BP PLC offshore rig.

FREE ARTERY CLOGGING WITH EVERY MEAL!

"It's yet again another dietary disaster brought to you by fast food."

- Susan Levin, a dietitian for the Physicians Committee for Responsible Medicine, laments the latest mega-caloric dish to be introduced to North American restaurant-goer - a cheesecake-and-pancake sandwich, courtesy of DineEquity Inc.'s International House of Pancakes.

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About the Author
Economics Reporter

David Parkinson has been covering business and financial markets since 1990, and has been with The Globe and Mail since 2000. A Calgary native, he received a Southam Fellowship from the University of Toronto in 1999-2000, studying international political economics. More

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