heroineworshipper wrote:Free credit in response to rising prices keeps the SUV's flowing out of the dealers.
Professor Membrane wrote: Not now son, I'm making ... TOAST!
yesplease wrote:I think the "superspike" included the assumption that the dollar was still around 120, which it was in 2005. If our currency had lost so much of it's value this would only be ~$65. But, thanks to the government printing their way out of debt, we get to see $100+ oil. Coincidentally, this is also a way to curb the consumption of the world's largest oil consumer.
What evidence do you have that the dollar is falling because of oil?DantesPeak wrote:yesplease wrote:I think the "superspike" included the assumption that the dollar was still around 120, which it was in 2005. If our currency had lost so much of it's value this would only be ~$65. But, thanks to the government printing their way out of debt, we get to see $100+ oil. Coincidentally, this is also a way to curb the consumption of the world's largest oil consumer.
Rising US trade deficits, mostly caused by increased oil imports and higher oil prices, forced the Fed into a policy that reduced the value of the dollar. Also stimulative government policies worked to create a housing credit bubble.
So the the reason the dollar is falling is mostly because of oil, and policies to adapt to the rising price (that have failed miserably in the US hosuing market and in Iraq).
Professor Membrane wrote: Not now son, I'm making ... TOAST!
seahorse2 wrote:We always try and predict the price of oil, but, let's try to pick the pay for Goldman Sachs CEO for 2008.
FYI, the CEO of Goldman received a pay package in excess of $100 million dollars for 2007 (not bad).
Reuters
Ferretlover wrote:Nice find, Alanintx.
Users browsing this forum: No registered users and 42 guests