Sunday, June 15, 2008

The Price Spike

Again again a fuel price hike. where are the prices going? will they stop their ascent or not? i hope they do. the prime minister behaving as a person chained in every possible way then asked to dance like hritik roshan in krazzy4. the man is the chief executive officer controlling the fate of over a billion people. he should show some courage while taking a harsh decision. sitting over the decision cost the exchequer quite more than what a gradual increase would have cost. A gradual increase would have invited a lot less criticism. now while the dogs are barking loud, the bjp has got its poll plank.

The rising prices has even the oil producers worried. the reducing demand could spell doom for them if the prices return to their normal level. but if these prices remain our growth could take a big beating.