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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (71412)11/19/2007 8:16:22 PM
From: sea_biscuit  Respond to of 116555
 
The pricing unit is relevant because the reserves to buy oil at at a future date is best kept in the pricing unit. If oil is no longer priced in Euros, countries like India do not have to chase every dollar out there. That in turn means that countries like India no longer have to buy USD Treasuries since they no longer have that many dollars.