“Morgan Stanley said crude oil prices are likely to decline in the second quarter ‘and remain at depressed levels through 2009.’”
-Bloomberg, March 19, 2009
Back in late February, Jim Rogers, the well-known hard assets investor, told CNBC’s Maria Bartiromo the following in an interview:
Oil prices are...
Posted to
Economics
on 04-10-2009
Filed under: Recession, Credit crunch, Economy, Credit, Energy, Commodities, oil services, Crash Prophets, crude oil, oil drilling, oil infrastructure, Oil, cheap oil, oil prices, oil industry, oil sector, hard assets, hard asset prices, oil projects, Natural Resources, crude oil prices, energy infrastructure, energy sector, oil rigs, OPEC, energy projects
China will face a key test of its willingness to take a more active role in helping to rescue the global economy when the G20 crisissummit opens in London next month.
Posted to
Comment
on 03-17-2009
Filed under: China, Credit crunch, G20, economy, crisis
The average British household suffered a £45000 drop in wealth last year according to a study into the effects of falling house prices and share values.
Posted to
Comment
on 03-15-2009
Filed under: Credit crunch, economy, falls, wealth, average