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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Incitatus who wrote (70631)10/29/2007 3:05:42 PM
From: mishedlo  Read Replies (3) of 116555
 
I am arguing the pricing unit is irrelevant.
If oil was priced in gold it would not change the quote in either euros or dollars.

If hotel rooms were quoted in Euros, rates would drop as the value of Euros rose vs. the dollar.

Mish
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