The Venezuelan's and the Iranian's have enjoyed the taste of $15O DPB and will do anything to persuade the rest of the Cartel to cling on to high prices.
Agreed mike however one has to remember that there is a political motive behind this and i believe the iranian & ven regimes would love to see the western world especially the great satan aka USA suffer with high oil prices
Anyone think we are heading towards a period of deflation?
A command economy, state owned banks, assets decreasing in value, bankrupties and money value falling.
As i prepare for my last week within phase1 grounschool i am glancing at the market data from the asian markets, the FTSE has opened significantly lower and at half 2 when the dow opens it's going to be a 'blood bath'. We are heading towards a period of deflation and i would 'buckle' up to ride some severe turbulence.
Some great buying opportunities at the moment
