Wednesday, January 21, 2015

Oil prices decline is good news for economy

It [oil prices weakness] is hugely beneficial to the economy. I dont see this as an example of declining demand around the world. I see this as an increasing supply in the world, nothing more than that. The weakness in crude oil prices is demonstrably bullish for the economy in the long run. It is demonstrably bullish for the Chinese economy in the long run.