Daily Archives: June 27, 2008

Crude rides rude


Price of crude oil is a sensation.
It has become a cynosure of all eyes.
As it rises ,it shoves down stocks and pulls with it commodities like gold.
Its movements are closely monitored
Wall street, Mumbai and Shanghai,affected by its up and down movement.
The weak dollar and geopolitical activity in Iraq,Nigeria,are responsible for this erratic trend.
Inflation is staring hard.
Commodities are in upswing.
There is lot of deployment.
There is still more wage cut.
India’s Reserve bank has increased the CRR.
Fed is aiming, but caught between housing slump and weak dollar.
The song in Sound Of music is well remnant of this situation
“How to solve the problem Maria?”
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