If OPEC Dumps the Dollar: OPEC members formed a working group to study the dollar’s effect on oil prices and to "investigate the possibility of a currency basket" as a means of offsetting declining dollar-based reserves. The next wave of mortgage defaults: More borrowers with good credit are defaulting on their home loans, and that's going to make it even harder for the staggering housing market to recover. US central bank auctions funds: The move marks the Reserve's latest attempt to shore up the nation's struggling banking system, as the fallout from the US's mortgage crisis continues.
Tuesday, 12 August 2008
Posts
