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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: BEEF JERKEY who wrote (16233)7/7/2004 12:19:41 AM
From: Jim Willie CB  Read Replies (1) of 110194
 
the oil price is not really reacting much to the US$
it reacts to interruptions in Iraq
to Nigeria strikes
to Norwegian strikes
to Venezuelan marxist insanity

but the undercurrent for oil price is Chinese and Indian demand
not US demand
Chinese imports are growing at 15-16x the US demand !!!

as for the US$, its decline has created a growing price band for OPEC oil price
which is not so important in short-term ANYTHING
but is very important in long-term EVERYTHING

/ jim
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