“Let the price rise in those countries, the thinking goes, demand will fall, and global prices will come down too.”
As originally seen on BccList.com here…
“Also, did you know, India’s inflation has climbed to an unbearable 11+%? Modern day caste system at its best. Say goodbye to global demand for oil when their economy crashes shortly.”
Strangely CNN didn’t mention India’s HUGE inflation issue – since nobody likes to say the “i” word in America – but at least they covered India’s faltering economy.