The Oil bubble is getting bigger, will it burst soon?

The current Oil prices seem intent on reaching new heights and with the latest announcement from the US energy secretary that the low production is the only cause behind the sudden increase in Oil prices, the ball has been knocked back onto Saudi Arabia's court.

With almost every single country reeling from high oil prices and the accompanying inflationary pressures, a conference of sorts is currently underway in Saudi Arabia, between the Oil suppliers and the Oil consuming nations. The steep hike has set ramapant inflation loose with many of the countries registering double digit inflation figures. China has already been on the brink of the 'double digit' inflation quite a while before the Oil crisis started. This was on account of its economy and with the current oil rates, the inflation is bound to shoot up like anything.

Samuel Bodman's comments prior to the conference suggests that the rest of the world has but lost their patience with Saudi Arabia as well as the rest of OPEC dragging their feet on this issue. One of the key goals of this conference would be to make Saudi Arabia see reason and not cry fowl. All the eyes are on the conference and one can but hope that the Oil bubble will burst soon rather than later, for the resultant mess would be easy to cope with.

World finance leaders vow to tackle bank reforms!

The credit crunch as well as the mortgage crisis seems to be pushing the U.S economy on to the fast track towards recession and this is having effects on all the global markets. As it is, most of the major economies are facing the heat as a result of the credit crisis and the world consumer confidende has dipped rather low of late. Some of the major powers like China nd India are facing inflation in high figures and are busy seeking ways to contain the surging economy as well as the rampant inflation. At a recent IMF meeting, the mention of the sale of gold to the tune of $11 Billon by the IMF to shore up funds has highlighted the problem and made it amply clear that no one is immune to the current crisis, it is truly a global one onb almost all the aspects.
Recetnly some of the world financial leaders
met up to discuss the current situation and it was then decided that some of the financial regulations needs to be tightened up a bit so as to enable the world economy to handle the current crisis better. To some this may seem like closing the barn doors after the horses have bloted but the fact of the matter is that the current situation can get a whole lot worse and very quickly at that. In order to prevent that from happenkng as well as to be able to take a firm grip on the situation at hand, the world financil leaders have made the right decision by agreeing to regulate further and to revamp certain financial regulations. This certainly beats sitting in a corner and moping!

Asian stocks rage on in 2007!

Asia and its stocks has seen a bumper year and this was mainly die to the FII's pouring their money into Asia and this has bumped up the stock indices all across Asia by a huge margin, the noteworthy one here being that of the Indian stock exchange. Will this momentum last, that seems to be the question on the mind of every capital analyst. The way that things are shaping up in the United states is bound to have an effect on the Asian markets and lets not forget that most of the Asian currencies are still pegged to the U.S dollar.
I guess it is all a question as to when will the bear start rising again in Asia? But in spite of poor showing by the U.S economy, the Asian markets should not be affected that much since most of the major ones are protected against any severe backlash resulting from the recession starting in the United states, but even then, the growth rate should be down for the following year by a considerable margin at the least.

Chinese stocks go a bit too 'shady'.

The recent bull run, which by the way is far from over, has made the Indian stock market the cynosure of nearly every investment firm with an eye to increasing its profits. As a result the FII's are dumping their money into the Indian markets in huge volumes. Although the Chinese stock markets have done well, and have even tripled their business, so as to speak, they are still a long way off from regulations and tighter rules.
India besides Hong Kong is the only second Asian Nation where the stock indices have crossed this 20 K mark. The Indian bourses are much more attractive because they show a steady growth and are more tightly regulated instead of the free for all kind of attitude in the Chinese markets. What is more, the sharp incline in the Chinese markets has already triggered a sort of an alarm that the market is overheating rapidly and is 'ripe' for some tampering. Who knows, we may even have a 'George soros' incident in the Chinese markets in the very near future!

money,george soros,china,stock markets,
india,kcm,

Migration and the remittances that top 300 billion$

Migrants often seek greener pastures and then they settle down and seek ways of sending some of the benefits back home. This is all so true in the modern world. Today migrants go off to work at greener pastures [developed countries] and they send their profits home and this is what we call remittances. If you were to take all the remittances that the migrants managed to send home last year, well they reach a whopping 300 billion$ and that is a whole lot more than the financial aid being currently provided by the developed world to the lesser countries. The migrants have proved time and time again that they have the stuff and the perseverance to work harder which is why their talents are so widely respected by so many corporates like Microsoft.
The Migration of humans has been there for quite a while and it is this very same migration of the human species that has spread the human race to all corners of the world. We all came out of Africa in search of greener pastures and now we can all trace our roots all the way back to Africa. Today migration has taken a different form, it is driven more by purely socio economic factors than by mere socio factors as it was the case in that very first migration out of Africa. Today saw India top the list of having the most remittances sent by the migrants to home. India's remittances for 2006 stood at 24.5 billion$ and they managed to pip both Mexico and China for the top spot. What is interesting to note is that the Migrant remittance sis evolving the way that money transfers are made. Since most of the relatives of the migrants back home lack even a basic bank account, the money remittances are made using innovative methods for eg, some of the remittances have been made by using mobile banking methods. The migrants have always added value to the society at large and they have proved time and time again that they are as creative as the best of us!

migration,united states,india,china,remittances,banking,

India outdoes the U.S and Japan by 2050!!!

Well it is common news that India's economy is surging ahead with more and more investment pouring form overseas.according to a new study,it clearly shows that India's economy will outstrip the United states and Japan by 2050 with a much more optimistic date put for 2030.
India needs to do a lot more as regards transparency and infrastructure development.but the good news,well,i should say,what is shocking experts world over is that while China had to invest more in infrastructure,be more transparent in business dealings and had to spend more on training its citizens,India spent very little on infrastructure[compared to China],still has problems with transparent business dealings and yet managed to provide quality work that turns to be better than the work provided by China.this has caused many people to take a very close look at their readings and it seems that the Two giants of Asia are in the race for the top global power.
Be that as it may,come 2050,the BRIC economies that includes Brazil,Russia,India and China will outstrip their American and European counterparts in GDP!something to much about,right?