Some silver linings

As the storm clouds gather over the economy, is there a silver lining? Yes — more than one. To see them, we have to stop looking in the rear-view mirror at all the accumulated problems and negative trends, and focus on current trends. Take oil prices, which have fallen more sharply than the rupee has dipped; Brent crude is now below $100 per barrel, down from a March peak of $126 — a 20 per cent drop in 10 weeks.

Read Full Story>>