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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (21615)11/10/2004 12:30:16 PM
From: Wyätt Gwyön  Respond to of 110194
 
what can be gleaned from that is that many regions ( recently most important: North Sea, Venezuela, Indonesia ) HAVE peaked already

i just read yesterday that Indonesia will be quitting OPEC. the ostensible reason is that they don't want to pay $2 million a year to be members. the other reason might be that they are on the brink of becoming an oil importer, so their membership in OPEC is nonsensical.



To: ild who wrote (21615)11/10/2004 1:33:30 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Date: Wed Nov 10 2004 12:52
trotsky (ECB) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
the ECB has apparently just intervened in euro/dollar to slow down the dollar's ongoing collapse.
this is beginning to look like the 1970's - i.e. more and more CBs are intervening to support the 'reserve currency' in defiance of the market's judgment - this is how a phase of monetary disorder begins, and ultimately the bureaucrats will be revealed as powerless.