Wednesday, December 17, 2008

Financial Times Summary (12/17/08)

I just finished reading today's Financial Times. Here are the major points:

1. Saudi Arabia feels that a fair price for oil is $75 a barrel--almost a 100%+ increase from the current NYMEX price of $39.85.

2. Yale's endowment fund lost 25% in the last four months. It's nice to know I'm beating the Ivy League.

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