With the big stock market drops making all the news these days, I thought it would be useful in posting some information as to why.
- As I posted yesterday, Globe Investor explains why the subprime meltdown is affecting the stock markets in an article called "The Credit Crunch".
- CBC reports that the sub prime meltdown is affecting the loonie.
- Could the expected rate increases be stalled due to the current financial market turmoil? I hope so!
In other news:
- Another great carnival of personal finance posted @ My Open Wallet. I submitted my article on the American Express Centurion (Black) Card.
What's your take on the sell off? Are you selling off with the crowds or hanging in there? Me? I started dabbling in some financials yesterday afternoon. :)If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).