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”
Tag Archives: recession
Bank of Canada Cuts Interest Rate To Lowest Rate In History At January Meeting
Hello Google Searchers! A post about the March 3, 2009 announcement can be found here! This morning, the Bank of Canada lowered its key overnight lending rate (the rate at which it lends funds to Canada’s commercial banks) to 1%, slashing it a further 0.5% and taking to 3.5% the total amount shaved off theContinue reading “Bank of Canada Cuts Interest Rate To Lowest Rate In History At January Meeting”
BC and Vancouver Island Recessions, Potholes, Flooding, Gas Prices, And Other Things Amiss
What the hell? I leave the Island for 10 days and it falls apart on me? I got back on late Sunday night from a week in Mexico to attend my cousin’s wedding and generally unplug from the world for awhile. On that note, an all-inclusive resort with 40 friends and family and really expensiveContinue reading “BC and Vancouver Island Recessions, Potholes, Flooding, Gas Prices, And Other Things Amiss”
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”