The Crisis Of Credit Visualized

Below is an excellent video (RSS and e-mail Readers may need to click through to view it) outlining how the global economic downturn got started with the credit crisis in the U.S. If you’ve heard the term sub-prime and aren’t exactly sure what that’s all about, this video does a great job explaining it. BearContinue reading “The Crisis Of Credit Visualized”

Bank of Canada Slashes Interest Rates In December 2008 Meeting

UPDATE JAN 20, 2009: Click Here In an effort to provide economic stimulus, the Bank of Canada has lowered its key overnight interest rate by 3/4 of a percent to 1.5% in its meeting today. Since the Canadian economy has been effectively hung out to dry by the political three-ring circus in Ottawa, I’m notContinue reading “Bank of Canada Slashes Interest Rates In December 2008 Meeting”