The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (7110)	5/9/2008 6:23:01 AM
From: RockyBalboa	Read Replies (1) of 71445

Looks like we head into another strong day. Oil just touched $125. Now with the EUR off record levels oil products are getting really expensive in Europe too. That could be inflationary (in overall CPI measures) or deflationary (in the Core CPI by crowding out retail demand in other products). But the strong rebound in Treasuries in US and overseas tells a different tale. That is, as we know it, Oil prices work more like a tax. Trichet must stay pat. A cut in rates in order to normalise the yield curve would work this time but he likely needs a strong EUR more than ever. ....... Recently I undertook a small ship cruise on the local main river which cost around $20. This time they added an fuel surcharge of $3 to it (normally the fuel is part of the ticket, and I am neither allowed to bring my own fuel...).

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