expat_panama
Gold Member
- Apr 12, 2011
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The value of the dollar relative to other currencies and commodities isn't the problem.
The international price of oil is up as speculators bid up the price.
Inflation will be the problem however, when/if the dollar falls against other currencies.
Wow, I never thought I'd ever find anyone in the universe that agreed with me on those points. We agree that a falling dollar isn't the problem, that inflation is not now the problem, and that inflation won't be affected by the dollar. Seems you and I are in a very small select group on those points.
The idea that oil prices are up because of speculator's bids is like saying oil prices are up because the numbers used for prices are bigger. Please tell me what your take is as to why speculators are raising their bid prices. Also, when we say 'speculators', we're talking about commodity option/future traders right?