Equityjockey::NSE,BSE,Sensex,Nifty,Nifty tips,share tips,free share tips,indian share market tips,india forex,INR,india derivative, F&O,currency future,rupee,inr future,INR Option

Chat N Trade Indian Shares Forex and Derivatives

EJ's Blog

Oil is well !!! almost..

Posted by EJ on March 7, 2011 at 12:37 AM

The current spurt in oil prices is nothing to do with its supply concerns ( it was propagated !!) but to do with the massive consumption by emerging economies and recovery seen in the US and europe. This time the peak cud be much higher and damage, even bigger. However it will take some time...say few quaters. The damage will be multiple times as it will derail the consumption recovery in emerging markets. The higher inflation is already a prob for the business, with all input cost going up, we cud see serious backlash if oil crosses 140 level. US economic numbers are highly positive. Brace for a downward pressure in asset prices.

Categories: None

Post a Comment


Oops, you forgot something.


The words you entered did not match the given text. Please try again.

You must be a member to comment on this page. Sign In or Register