Economic recession is surpassing day by day all around the world as it was seen two weeks before, the oil prices reached at $134.59 led towards a mammoth amount of inflationary cycle and ruined the behavior of the people of the United States, hence they agitated against the Bush regime.

The biggest impact of high oil prices and prevailing inflation is the declining economic market where both the supply and demands have been badly shattered and led the industrialists and employers especially of the U.S into absolute demoralization.

Meanwhile, the stock market rates in the United States of America are getting declined with the passage of inflationary times, such as Wall Street decline in shares, American International Group Inc, American express Co, Bank of America Corp, Goldman Sachs Group Inc, etc.  The analysts are saying that those companies have been facing a mammoth amount of decline in their shares and profit.

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Economists confirmed that there are several factors of high oil prices all around the world. In this regard they are of the view that one of the major factors of high oil prices is inflation all around the global markets. The economists have argued that inflation is the result of over all slumps in the world trade markets.

Oil prices have been increasing at an alarming way now a days. The prices of petrol have been increased up to $135.09 per barrel. In this regard, the Wall Street has confirmed that the heavy crude oil and gasoline prices have affected the demands and supply of the consumers and investors and they are suffering badly from fulfilling their demands. Therefore, high oil prices have increased the over all prices of all other kinds of consumer commodities such as wheat, rice, oil, vegetables, meat etc.

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Some Currency experts predict

It was, no doubt, a great come back when the greenback got back the lost glory during April. But some currency experts are of the view this glory is transient and it will not prove long lasting.

All we can say the dying dollar showed some signs of life during the previous month but it was not a complete recovery .Only the coming days can tell, what is gong to happen but predictions are not going in favor of the greenback.

During April we saw the greenback dropped record low against euro then things began to change and the greenback recovered a little bit during the recent weeks and it helped those expectations that the Federal Reserve’s insistent rate-cutting campaign might have reached at end.

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