From MSN (2/22/05):
Oil prices are surging, the U.S. dollar is plunging, and stocks
are struggling.
South Korea started the dollar selling. The country's central bank said it will diversify its holdings away from the dollar
http://moneycentral.msn.com/content/CNB ... 110182.asp
As I type this, oil is at $51.10 per barrel, the Dow is down -159.82,
and the US dollar has fallen more than 1%. All in one day.
The detrimental effects of higher energy prices and a massive US
trade deficit are forming right in front of eye ours. Bye bye US
economy. We are witnessing history here. Just hope we can all live
to tell our grandchildren about it.