CRUDE OIL - A SHRINKING RESOURCE

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Thursday, May 01, 2008

The Last Cut

Dr. Bernanke has made the seventh incision, taken off his gloves and washed his hands off, finally leaving it on inshallah for subprime wounds to heal. So is the indication.

Economists believe, the indication should stop further dollar slide and this renewed faith in dollar would stabilize the frenzied world markets.

Whereas GDP growth data is positive, houses and malls remain haunted. But water does take time to seep down to the lower roots and once it does, there is cheers all around. So they believe and wish.

Lets not pause and ponder over 'pause' and 'stop' before raising a toast for this last cut.

cheers!!

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