Tuesday, October 17, 2006

Global Markets: Not waving but drowning?

Why cheaper oil is bad news for the economy

Stock market indices are surging to all time highs, driven by the belief that cheaper crude is just the boost that the global economy needs to avoid a US-led slowdown or worse. It may actually now be leading the economy down into a bust....

Posted by nearly30 @ 08:30 PM (533 views)
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3 thoughts on “Global Markets: Not waving but drowning?

  • An interesting article from MoneyWeek.

    Are we seeing a classic case of strong market booms just before an impending crash?

    FTSE has grown from near 5,800 at the beginning of Oct to nearly 6,200 yesterday!!

    Over the whole year has increased by 1000 points!

    Dead-cat bounce / Double-dip?

    I await in interest (obviously only at 4.75% – it would be higher but……)

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  • As previously posted. At one time we have a shortage of energy. We now have aglut. Looks like market manipulation that can change at any time.

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  • I reckon it will all be change come novemeber after the US mid terms, the oil price has been manipulated down so americans pay less when they drive to the polls in november, the big players will pile back in after the mid terms, and the gov will also kick off on the middle east again, record oil price highs come christmas i reckon.

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