dmv wrote: ] flynn23 wrote: ] ] It's interesting that the currency drop is more effect than ] ] cause, but is getting treated like cause. Particularly when ] ] we're looking at a 9 year pattern. WTF? How can analysts ] ] mislead people like this? ] ] Actually, currency drop is presently a matter of deliberate ] policy as well, so it is a cause lever. well, both cause and effect are oversimplifycations, but I think that it's more effect than cause. There's much more deliberation around foreign policy and interest rates over the last 5 years than devaluing currency. That seems to be much more of a bad side effect that we've been upto now willing to tolerate. ] ] I dunno if that's all that bad. Considering that the ] nearterm ] ] gluttons for fossil fuels are PacRim countries (Japan, ] always ] ] the whore, and China poised to take first place at the table ] ] ] in a matter of months) ] ] Are you sure about the China thing? ] ] http://www.investorsinsight.com/print_preview.asp?id=jmotb1025 ] 04 yes. It doesn't matter what type of oil they're importing. The fact is that they're puchasing it in petro-dollars, and they're consuming a growing amount that's disproportionate to their development efforts. While the article makes good points about their consumption being cost tempered, and that growth in China might slow (both of which I agree with, and for different reasons), that fact remains that China will be the #1 consumer of fossil fuels in a matter of months. So they have, and will continue to have, significant sway over how that market behaves. RE: Yahoo! News - Dollar Hits New Low, Gold at 16-Yr High |