| Last week Nouriel Roubini, the economist who predicted the world financial crisis, said he considers high oil prices the number-one threat to the global economic recovery. The price of crude has jumped 36% in the last five months to $106 a barrel, stoking inflation.
But it's not just oil: Growth and industrialization in emerging economies have greately spurred demand for commodities and raw materials, driving prices up. These increases have now slowed, partly due to the Western world's economic crisis...............................................Full Article: Source |