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In Major News...

Deepak Shenoy1 min read
Quick Facts
What is "In Major News..." about?
What category is this article in?
General
Who wrote this article?
Deepak Shenoy, Capitalmind's research team.
When was this article published?
Published 13 April 2011.
How long does this article take to read?
1 min read

Crude got killed by the Goldman prediction that crude will fall to $105 (Brent), which from highs of $127, fell back to $122. That is still way high.

Japan’s nuclear disaster at Fukushima has been raised to a Level 7 severity rating, the same as Chernobyl. Some say this doesn’t mean it’s as bad, that it’s a wake-up call. Water with radioactivity has been leaked into the sea. (Also: A survey of the worlds radioactive no-go zones)

South Korea increases inflation forecast to 3.9%. ECB recently raised rates to 1.25% from 1 percent to fight inflation. China also, on April 5, raised rates for the fourth time in five months to 6.31%. With crude at $100+, inflation is bound to hurt everyone in the globe…except those who let their currency rise against the dollar. While crude has gone up 20% this year, the rupee has appreciated less than 10%, which means we’re not immune.

How to start your own private currency.

The Fed Rescue Program is just to too bizzare to be true, says Michael Lewis. [Don’t read if you don’t have a sense of humour]