More economic gloom

[Bilioustrumpstaine]

india had monetery controls in force about 5 or 10 years ago cant remember where no currency was allowed out of the country, this helped them build up reserves that they are now using to advantage, perhaps we shoul stop these speculators from cashing in and undermining economies

Its the other way round now you can't take rupees into India.

 

[mark vincent]

No. Market forces mean shortage of supply for the burgeoning demand.

Interesting. So, you're right and George Soros' theories on the rising price of oil are completely flawed?

Yes.

So, there's no correlation between the increased price of oil and the increased activity in the oil futures market?

Yes of course there is but shortage is making price higher. Any shortage produces higher prices whether it be wheat, potatoes or oil.

Some shortages are created artificially to force up prices as was the case with coffee years ago. This latest hike was caused by a number of factors, one example , Israel threatened Iran the price jumped 10 dollars, rumours of a terrorist attack on the UAE the price jumps again.

 

[godsoftandjoearedull]

So, there's no correlation between the increased price of oil and the increased activity in the oil futures market?

Yes of course there is but shortage is making price higher. Any shortage produces higher prices whether it be wheat, potatoes or oil.

Interesting. So, George Soros' theories on the rising price of oil aren't completely flawed?