One big reason the US FED won’t raise interest rates anytime soon (Hattip Krugman)
Category: Observations
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Europe Summer Meltdown
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Sell the News
The Govt hiked petrol prices by Rs.7.50 Rs/Liter.
The markets reacted as usual by selling the news.The price action of the PSU refiners were:
IOC: -1.32%
HPCL: -1.74%
BPCL: -0.03%
And this on a day when the Nifty is up by 1.77% !!
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Europe is imploding !!
(source:Bloomberg)
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Did you know this about Japan?
Sales of adult diapers in Japan exceeded that of children’s diapers for the first time last year.-TokyoTimes