Oil may come down to 130 US dollars by Xmas if we are LUCKY , but you can expect something even worse . INTEREST rates are going to move up as the US financial world wakes up to the deep trouble they are in . The Banks here are exposed more than known as they all play games in the USA. And Banks dont say anything about problems as it is very dangerous for business [ viz runs on the banks in UK and the USA] Term deposite rate is 8.4% atm and it is only 1.6% by simple arithmetic to 10% ....
OK ....it wont happen .......there is no bank crisis in USA and the UK .....????
more us banks could fail after collapse of ind, page-5
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