The bailout plan is not yet passed by the congress and oil is already above $104.
Why?????
Here’s the logic, US government is giving a bailout to the wall street, but FED has to create those $700 billions. Which means, huge amount of deficit in US. That implies US currency dollar will loose its purchasing power and [...]
Posts Tagged ‘commodity markets’
Here we go again!!! Oil is above $104.
Posted in Economy, Financial Markets, Investment, Legislation, Stockmarket, tagged commodity markets, Financial Markets, Inflation, Oil prices, paulson's bailout plan, US Economy, world economy on September 21, 2008 | Leave a Comment »
Economy – The sound of shattered conventional wisdom
Posted in Economy, Financial Markets, Investment, Stockmarket, tagged US Economy, stock markets, Financial Markets, commodity markets, Oil, Gold, Conventional wisdom, Economic Conventional wisdom, inflation rate, FED Funds rate, Credit card APR on February 24, 2008 | Leave a Comment »
Given the way most economic predictions are going awry, it is safe to say we are in unknown territory. Trodden though this path is, it pays to briefly examine things that went off the predicted course, since this will allow us to break away from conventional wisdom in charting the way ahead.
When stock market [...]
