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To: farlander

The worst thing about a weak dollar is that the price of oil goes up.


6 posted on 11/07/2007 5:53:57 PM PST by Brilliant
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To: Brilliant
if the dollar was really weak why wouldn't the value of housing rise?

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7 posted on 11/07/2007 6:11:03 PM PST by Elle Bee
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To: Brilliant
The price of oil has been going up a lot faster than the dollar's decline, and I have a hard time believing that overall world economy, being driven by oil, has grown as fast as that price either.

My guess is that the oil price is being driven by speculators who're buying it up. At some point, they'll have to release that oil back onto the market, which will cause its price to plummet. Similar to the "housing bubble" of a couple of years ago.

8 posted on 11/07/2007 6:27:20 PM PST by raisetheroof ("To become Red is to become dead --- gradually." Alexander Solzhenitsyn)
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