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We are creeping back into stagflation... an increase in rates will drive the already high lending rates into the roof. It is better to keep the rates as they are.
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The Knight of Delta "I'd rather be vaguely right than be precisely wrong" - John Maynard Keynes |
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I understand this angle, but I'm wondering, what will the inflation rate become for rates to be raised and forget about the high lending rates..? Surely, inflation has a far reaching negative effect on the economy as well..
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Enjoy. Pumping. Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well. -Warren Buffet- |
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Over 70% of the CPI basket is skewed towards food, which is not a good measure of economic activities. The inflation data closely tracks food inflation, meanwhile the core inflation index (ex-food and energy) was stable at 7%. Transportation costs, which should be a major component in the index has been virtually stable. The decision to keep interest rates as they were have some merits...
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The Knight of Delta "I'd rather be vaguely right than be precisely wrong" - John Maynard Keynes Last edited by knightofdelta; 17th February 2010 at 12:08 PM. |
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“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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Quote:
Quote:
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__________________
The Knight of Delta "I'd rather be vaguely right than be precisely wrong" - John Maynard Keynes |
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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WRAPUP 2-Oil majors warn Nigeria on planned industry reforms | News by Country | Reuters
Nigeria says Total to invest $20 bln in gas, deepwater Exxon Mobil says remains bullish on Nigeria
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“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes Last edited by hispy99; 23rd February 2010 at 08:25 PM. |
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This is the same old message from the oil coys whenever sovereigns decide to renegotiate (usually one-sided) contracts and inject competition.
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Same ole story...reform is long overdue.
__________________
Enjoy. Pumping. Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well. -Warren Buffet- |
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No mind dem...how come BP has not left Russia?
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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