Crude oil price - good example of the crisis

Crude oil price changes may be considered one of the best examples of the scale of the crisis. In the first half of 2008 the price of oil was going up and up, reaching almost $150, and many experts predicted it to go even higher. Now, the price is around $50-$55, so it went down [...]

US governments helps CitiGroup - who will be next?

Yesterday US government officials announced that the state will help another US banking group - Citi Group. Firstly, the government will directly invest $20 billion in the company (CitiGroup will issue preferred stocks). Secondly, US state will secure over $300 billion in securities and loans. This is another “try” to calm the markets and fight [...]