Tuesday, January 13, 2009

Time to rejoice

May be the time we have been expecting all these days has come. Prices of the products are down, the interest rates on loans have dropped considerably and fuel prices have gone cheaper. So it has to be a time for us to relish. Starting from steel to wheat, the prices are falling. The eye capturing headline is the crude oil price which has come down to 40$ from its peak of 140$. It is nearly down by 70% which is really an interesting fact to look upon. Banks have cut the interest rates as the RBI has cut the repo rates and bankers will be on song when more people start buzzing up for mortgages. You can invest on shares for this year as the prices of all the shares have come down and they will be at it high in a couple of years time.

0 comments: