Macroeconomics of Oil - Don't Wish Down Oil Prices
Macroeconomics of Oil - Don't Wish Down Oil Prices
Excerpt
" This was not added to the annual budget and a seperate account or contingent liability of sorts. The Oil Pool loss had once gone above 10,000 crores and was considered a burden at the time. In the last week of 1998 as Oil hit 10$ India'a Oil Pool loss was totally wiped out and for the first time we thought of doing away with the Oil pool account. At the time the Nifty was at 800 down from its 1997 high of 1297, down 38%. As this chart shows both rose together and then fell together, except for a short period between the top of the tech bubble in Feb 2000 and Sept 2000. On both occasions oil and stocks peaked together except that Oil was higher in Sept. So would you say that higher Oil prices popped the tech bubble? And when oil prices fell again why didn't the market go up?
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Read On...
http://www.indiacharts.com/icjpages/index.php/indiamkts/29-economy/kondratieff-update/8918-macroeconomics-of-oil-don-t-wish-down-oil-prices
Excerpt
" This was not added to the annual budget and a seperate account or contingent liability of sorts. The Oil Pool loss had once gone above 10,000 crores and was considered a burden at the time. In the last week of 1998 as Oil hit 10$ India'a Oil Pool loss was totally wiped out and for the first time we thought of doing away with the Oil pool account. At the time the Nifty was at 800 down from its 1997 high of 1297, down 38%. As this chart shows both rose together and then fell together, except for a short period between the top of the tech bubble in Feb 2000 and Sept 2000. On both occasions oil and stocks peaked together except that Oil was higher in Sept. So would you say that higher Oil prices popped the tech bubble? And when oil prices fell again why didn't the market go up?
Read On...
http://www.indiacharts.com/icjpages/index.php/indiamkts/29-economy/kondratieff-update/8918-macroeconomics-of-oil-don-t-wish-down-oil-prices
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