View from the Center and Left Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bearcatbob who wrote (71328)	6/10/2008 7:56:44 AM
From: biotech_bull	Read Replies (2) of 543165

Three months ago the Euro and $ were about where they are today Bob, I think it's hard to make a strong case based on a 3 month chart. Here is the same chart in a longer time frame - it is clear the 3 month chart misses the big picture. finance.yahoo.com Markets are complex and it's too much to ask for linear correlation but it is safe to say that a big part of the rise in the price of oil can be attributed to the weakness of the dollar relative to the Euro. The spike in Euro starting in late Jan-early Feb could be attributed to Iran going to the Euro as the standard currency. Some of the rise is definitely due to inflation, if one compares the price of gold to oil. BB Edit: Interesting that the spike in Euro didn't start till 2002 although Iraq went to the Euro standard in 2000

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next