Links – 28/03/07

Young baffled by money(BBC)

A poll carried out for the Department for Education and Skills (DFES) found that 40% of 16-21 year olds did not know what APR stood for. And 25% thought store cards were better value than credit cards, even though they are much more expensive to use.

Shift from the USD(The Scotsman)

The Chinese firm, which buys more than a tenth of exports from the world’s fourth-largest crude producer, has changed the payment currency for the bulk of its roughly 240,000 barrels per day (bpd) contract, Beijing-based sources said.

The Debt Sale(Toronto Star)

Washington–Federal Reserve Board chairman Ben Bernanke says U.S. markets could probably withstand the effects of a sell-off of treasury bills by foreign investors.

More Subprime Woes, Bull in the bonds (pimco)

You may want to take this looming grim reality with a grain of salt or suggest as old worlders do that it’s not real at all if it can’t be touched or if it doesn’t touch you. Not so.

Higher Metals Prices(goldprice)

Gold looked poorly into the close, but came back $2.60 in the aftermarket. What’s going on? I don’t know, but the strength looks very good. I was thinking that gold would have to back off for another run at 667, but maybe tomorrow will be an up day.

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