Saturday, Dec 15, 2007
The monthly Canadian oildrum finance rundown.
The Oil Drum: The Finance Round-Up: December 14th 2007
Oil interests follow finance because of the impact of the economy on oil demand and prices. A feast of articles relevant to the global economy and credit crunch.
Posted by planning4acrash @ 11:48 AM (183 views) Add Comment
2 Comments
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1. Icarus said...
'No need to worry about financial turmoil - the REAL economy is doing OK.' Why aren't we hearing these soothing sentiments from Fionnuala et al?
2. Icarus said...
Note that the Fed is offering term funds against the collateral of debt securities which have been hugely downgraded - CDOs for which no market price is available, yet for the purpose of these loans the Fed is valuing these securities at a whopping 85 cents on the (pre-crunch valuation) dollar.