[FoRK] oil producers shun dollar

Bill Stoddard < bill at wstoddard.com > on > Tue Dec 12 19:02:03 PST 2006

Ian Andrew Bell wrote:
> Thank God Bush is convening a three-day summit to plan the war in Iraq 
> three years after embarking upon it.  At any rate, that's old news, 
> kids.  That giant sucking sound is the decline of relevance of the 
> U.S. and the air deflating its sustained-growth economy, taking much 
> of the rest of the world with it.  Does Emperor George play the fiddle?
>
> -Ian.
>
> ----
> http://www.spiegel.de/international/spiegel/0,1518,453906,00.html
>
> The Fall of the Mighty Dollar
>
> By Christian Reiermann
If I were a currency speculator (and I'm not), I'd bet on a stronger 
dollar over the next 6 months.  When the mainstream press picks up on a 
financial trend, that almost always signals that the trend is about to 
end, or at least moderate for a while.

Bill


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