Author Topic: Double Dip, Anyone?  (Read 974 times)

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Offline Riceball

  • It's the economy, stupid.
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Double Dip, Anyone?
« on: May 05, 2011, 06:49:13 PM »
Ok, so the title of the thread was a bit misleading :p got your attention though

Interesting evening for the world economy last night; as summarised by this article:
https://www.theaustralian.com.au/business/markets/oil-price-dives-86pc-to-below-us100-in-a-commodities-market-rout/story-e6frg91o-1226050866816

I had been starting to think commodities/non-US dollar currencies were bubbling a bit, but this is a massive swing. It will be interesting to see what happens on Friday, as to whether commodities bounce back up and particularly oil.

But, my question is, do you think the global economy is in as good a shape as we are being led to believe at the moment? When writing my organisations quarterly global economic update, I was on the "everythings going off or is about to" bandwagon but now I'm starting to think things aren't as good as they seem.

Pre-edit: I realise that URL says oil price dives 86pc....loooool
I punch those numbers into my calculator and they make a happy face.

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