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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Tommaso who wrote (70629)10/29/2007 11:08:03 AM
From: Incitatus  Read Replies (1) of 116555
 
Is Mish arguing that the devaluation of the US dollar is already 100% reflected in the price of oil? Eg, just like the NYC hotel room going from $200 to $300 due to people holding Euros, other countries with rising currencies have boosted the price of oil up to $90?
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