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LIV-EX - MARKET UPDATE

Liv-ex 50: 267.77 (-0.20%) Liv-ex 100: 238.26 (+ 0.66%) Liv-ex 1000: 245.22 (+0.27)

Last night oil dropped below $30 a barrel for the first time sine April 2004. The move sparked another sell off in US equities and a follow on rout on Asian bourses.


What's it all about? Cheap fuel is good for growth, right? The problem it seems, is that cheap fuel combined with cheap imports from China (Yuan devaluation) results in deflation. And deflation, when you have a world top-full of debt, is a bit of a worry.


So people are freaking out, and are looking for safe havens. The chart below identifies one. After five years of relative misery, Fine Wine is having its moment in the sun. Long may it last.


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CORPORATION NUMBER: 6756983
           
VAT REGISTRATION NUMBER: GB 942 7159 10

Address;

 

Veblen Wines Ltd

Holly Bank Chambers

The Oasts Red Hill

Wateringbury

Maidstone

ME18 5NN

Copyright 2008 Veblen Wines Ltd. All Rights Reserved.
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