Posted at 12:52 PM , on February 24, 2015
“Why an adamant Germany finally relented..”
It may not be victory for the Greeks but surely it will go down as a personal triumph for Alexis Tsipras. The man, who came to power by promising to abandon austerity, has got a 4-month extension of his credit line. While it may not solve the problems of Greece, they at least have time to think, strategize and chalk out a credible game plan. But the question is why did Germany and the wealthy North finally relent? Continue reading
Posted at 7:46 AM , on February 9, 2015
Oil price bounce. But can oil prices sustain; most likely not!
The good news for oil drillers is that oil prices have risen 26% in the last month. But the bad news is that oil prices are still 50% below their June 2014 levels. In a nutshell, oil is awfully volatile and nobody has a clue as to what will happen. For example, Goldman Sachs has a target of $30/barrel while the OPEC has an estimate of $200/barrel. The price may settle somewhere in between, or so we hope! Continue reading