Saturday, December 15, 2007

The monthly Canadian oildrum finance rundown.

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 (497 views)
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2 thoughts on “The monthly Canadian oildrum finance rundown.

  • ‘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?

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  • 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.

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