Random Readings

  • A report at Business Week says that oil run-up is due to manipulation & rampant speculation … but Oil traders say that it is not.
  • Even India’s FM says crude oil will be a drag on economy.
  • Whatever the view on oil … Inflation has started to hurt economies, especially India.
  • However, Moodys has some good news on Inflation front.
  • Even Buffett says inflation is exploding, Bernanke says its temporary due to commodity (read oil) shocks.
  • Did you know? — GM stock is at the level last seen in 1955! (yes, it’s true!) … some facts are here.
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