June 20, 2008 12:07pm CST
the recent hike in crude petroleum price is taking the entire globe for a ride except the oil producing and exporting countries. They are the only nations making hay during these crisis. It has a chain reaction, most of developed or developing economy of the world are reeling under severe pressure of inflation. To day Indian stock market plunged registering the Indian inflation is around 11.05%. The world economists are burning their mid night oil to find solution to contain the inflation.