Tuesday, October 14, 2014

abrupt fall in oil price a windfall for indian economy

no need to look this gift horse in the mouth but take advantage of it: no wonder india's producer price inflation fell to a 4 year low and consumer price inflation to a 27 month low. 

americans and saudis may be holding prices low to hurt russia and possibly ISIS, but it shows the extent to which we are being screwed by our over dependence on oil: we should get off it as much as possible as soon as possible.

"@FT: Windfall for India as global growth slows http://on.ft.com/1wDMReo " blow to Modi? oil prices plummet, slowing inflation 😂

sent from samsung galaxy note, so please excuse brevity

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