Thursday, September 13, 2007

Personal finance

I have been researching the question of personal finance (the kind of money we have and are gone at the end of the month) and global finance (the kind of money you can only dream about, and only big banks understand). Now I have accumulated enough knowledge/disinformation for at least 10 blog posts. Time will tell if I can ever do 10 blog posts without getting distracted and start talking about something else, but as I have bought Civilization 4 recently it does not leave me much time for bloging.

To start this off I have some financial information that is of global importance:
The dollar index (the dollar in respect to other important currencies) is now below 80.
For a short introduction to the significance of this: This index started at 100 in 1973, it has traded at between 120 and 80, but never below 80. Scroll a bit down in this article to see the index form 95-06.
Oil is now about to break the $80 per barrel barrier.
The mess in the American sub-prime mortgage is still not over.

Economists tell us that these things are not good for the global economy, but also remember that it is economists that got us in this mess in the first place. Now these guys control the flow of money, so if they tell us that things are going to get bad, then things are going to get bad.


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