The real estate bubble left a mark on all sectors of the economy when it burst. If economists are to be believed, we are again seeing the formation of some serious market bubbles. Here are some economic bubbles, which I believe could burst in the near future. [Read more…]
William Dudley Offers Advice on Combating Asset Bubbles
William C. Dudley, President of the Federal Reserve Bank of New York, recently offered some advice on the subject of formation of asset bubbles in the economy and what central banks can do to deal with it. The recent financial crisis highlighted how poor regulation made the financial system vulnerable and led to bubble formation. [Read more…]
Oil and Gold Prices Fall as Dollar Strengthens
Both crude oil and gold futures fell as the unexpected news of hike of interest rate in India came through along with the signs of an unlikely help from European Union for the severely debt ridden Greece.
The light, sweet crude oil futures slated for April delivery saw a decline of 2.3% at the New York Mercantile Exchange, valued at a lower rate of $78.83. This is the lowest that the futures have traded since beginning March. Even the May contract for light crude is down 2.2%. [Read more…]
