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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Henry Volquardsen who wrote (2470)8/9/2000 9:06:35 AM
From: Hawkmoon  Read Replies (1) of 3536
 
I don't believe that is accurate. A large component of the retail price of petroleum products is taxes

Very astute observation Henry..

And something that should be remembered by those who are looking for inflationary pressures from higher fuel costs, so long as worker productivity continues to grow as it has this year, then such higher fuel prices are effectively neutralized.

However, for those economies that are not quite as productive, then the potential for inflationary weakening of their currencies is tremendous, especially since oil is denominated in US dollars.

Good to see you posting again Henry.. You were sorely missed.

Regards,

Ron
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