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Markets can stay irrational longer than you can stay solvent, as the saying goes. With regard to India is that an unusual position because Indian fund managers
by Lio 3y ago
Markets can stay irrational longer than you can stay solvent, as the saying goes.
With regard to India is that an unusual position because Indian fund managers can use gold to purchase oil cheaply from Russia? Other fund managers won't have to option to purchase commodity oil below market rate.
- red-iron-pine 3y agoSame with China. 20% discount on oil + markups on essentials. on an economy-wide scale this is pretty sweet, and will continue as long as Russia stays at war. I think India is weary of Russia, but these are deals they can't say no to.