Saturday, Aug 11, 2007
Something is happening in the credit markets.
TheOilDrum: Credit markets: 'Don't panic', they beg
"This is a credit crunch" Say the clever people from Oil Drum. As usual, they draw together masses of stats, put the present into context, and have a stupidly clever conversation about it.
Posted by planning4acrash @ 08:10 PM (138 views) Add Comment
1 Comment
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1. Orwell said...
As you can see above, the price of an IOU of 100 dropped brutally this month from 100 to 95 in the US (and to 97 in Europe). This is the lowest level ever for that market, and an unprecedented drop.
This is a credit crunch.