- 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.