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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (9624)7/17/2008 11:51:09 PM
From: TH  Read Replies (2) of 71475
 
Vi,

On this point we disagree. I think Oil has two major drivers.

First, there is a finite supply and a global increase in demand. Thirsty America can't drink cheap forever. So if one Chinese in a thousand has a car, but next year it is two out of a thousand, then we have demand driver with exponential potential.

Second, I think our good buddies in the middle east are tired of the haircut on their massive dollar holding and suffering the importation of inflation from their dollar peg. The oil rally is a tool those buddies are glad to use to make their point. And the point is that if you let your dollar drop into the abyss, we will let our oil rise to whatever level is needed to offset the loss of our dollar holdings. This is all about the dollar.

GT
TH
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