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Saturday, October 25th 2008, 10:21am
The glue worked. But will it last?
Ok. Let us face the facts...
Oil prices slid even after the oil output cut. So much for the economics we learnt at the university.
But this needs more factors to be added to make the present day economic theory workable.
Has there been a testing time in the past when so many factors worked against the world economy?
Morgage crisis
Credit crunch
Stock market slide
Bankruptcies
and most important - negative sentiment
Somebody in this forum has predicted $55 per barrel. Maybe it will be true?
The reason - people have been cutting on expenses and will keep cutting more.
My feeling - year end price $70. Anybody else has comments?
Oil prices slid even after the oil output cut. So much for the economics we learnt at the university.
But this needs more factors to be added to make the present day economic theory workable.
Has there been a testing time in the past when so many factors worked against the world economy?
Morgage crisis
Credit crunch
Stock market slide
Bankruptcies
and most important - negative sentiment
Somebody in this forum has predicted $55 per barrel. Maybe it will be true?
The reason - people have been cutting on expenses and will keep cutting more.
My feeling - year end price $70. Anybody else has comments?
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