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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: regli who wrote (46462)	2/14/2006 6:48:51 PM
From: sea_biscuit	Read Replies (1) of 116555

ARTICLE - Hunting Grounds hindustantimes.com "As Iran gets closer to the proposed date of opening its oil bourse dealing in euros on March 20, the petrodollar is at risk of ultimately losing its pre-eminence in oil dealings. Neither the Russians nor the Europeans would mind selling or buying oil in euros. Oil may cease to be billed in dollars. So far, the US has been able to go to war despite its massive budget and trade deficits because major buyers like Japan, China, the EU and oil producers have purchased US debt and hold dollar denominated assets."

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