Twitter Weekly Updates for 2008-11-16

Oil below $60. $30 in Feb? Doubt that OPEC will be able to stem the fall. Good news as I believe crude forms 14% of our WPI calculations. #
FDI inflows of over $19bn in September quarter more than compensates for FII outflows #
Inflation data finally at single digits at 9% #
American Express unveils plans to become a bank holding company. First Goldman Sachs and Morgan Stanley… and now Amex… #
UK jobless claims up 36,500 to 980,900 highest since 2001 as UK slips into first recession since 1991 #
Sensex down 300, and Nifty down 90. That’s two days in a row. Is this end end of the bear rally? Are we on our way back to 8000? #
September IIP is up 4.8% month-on-month, compared to 1.3% for August. Let’s not get too excited, however - its just one month’s data… #
September IIP data is up 4.8% month on month, versus 1.1% for August. Let’s not get too excited, hoewver - its just 1 month’s data. #

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