Beny: IMO The Fed raise the Interest rate recently. Two reasons they did were
1.To Control the Inflation
2. Shows that our economy is gradually growing.
Saudia Arabia just announce they will sell their Oil at $19 dollars the barril
So if we are going to spend less in Services and Products due to the low price of Oil, where is the Inflation coming from?
There is none. What we have so far is a Deflation situation not an Inflation
Iraq is prepare to do their RV right now. They did their Budget under the situation of 45 dollars the barril, so why Iraq is selling it cheaper now? Isn’t bad for their economy?
They did it to attract investors and increase the value of the bonds and stocks