What Not Buying Oil With Dollars Means
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What Not Buying Oil With Dollars Means
1–10 of 26 posts
Re: What Not Buying Oil With Dollars Means
#2[deleted]
Re: What Not Buying Oil With Dollars Means
#3The FED is walking a tightrope with the rest of the world right now, but it should be more afraid of it's own citizens.
I know 29% inflation over 10 years is chafing MY hide and it's all due to the FED's policies.
Re: What Not Buying Oil With Dollars Means
#4The FED is walking a tightrope with the rest of the world right now, but it should be more afraid of it's own citizens. I know 29% inflation over 10 years is chafing MY hide and it's all due to the FED's policies.
That's about 2,6% a year. Not bad, actually.
Re: What Not Buying Oil With Dollars Means
#5The FED is walking a tightrope with the rest of the world right now, but it should be more afraid of it's own citizens. I know 29% inflation over 10 years is chafing MY hide and it's all due to the FED's policies.
That's about 2,6% a year. Not bad, actually.
Given the fact that we were eyeball-to-eyeball with some serious deflationary pressure I think that this is probably a much better alternative :) The fact that the CPI did not go up and we are actually thinking of sending "sorry there was no inflation this year to bump your COLA" checks to millions of people puts some of this into a slightly different perspective.
Re: What Not Buying Oil With Dollars Means
#6A similar topic was posted to HN here:
http://news.ycombinator.com/item?id=863435
In that thread my comments match fairly closely with this author's predictions starting near the bottom of the article section "Are the Dollar’s Days as Reserve Currency Over?" including my comments [..maintaining reliance on oil means gas prices comfortably around $10 (or more) along with the corresponding inflation and further vanishment of any middle class. An unemployment rate of 10% would begin to look normal...The trade-off is less spending power, which means our economy must shift away from being spending based. People will kick and scream when that realization hits but America simply won't continue to dominate the world economy.]
Re: What Not Buying Oil With Dollars Means
#7The FED is walking a tightrope with the rest of the world right now, but it should be more afraid of it's own citizens. I know 29% inflation over 10 years is chafing MY hide and it's all due to the FED's policies.
That's about 2,6% a year. Not bad, actually.
No, not if you don't mind loosing a lot of money, then it its okay.
Re: What Not Buying Oil With Dollars Means
#8The FED is walking a tightrope with the rest of the world right now, but it should be more afraid of it's own citizens. I know 29% inflation over 10 years is chafing MY hide and it's all due to the FED's policies.
That's about 2,6% a year. Not bad, actually.
The average inflation is even actually 2,33% per year. Take tenth root of 1,26 . But you are right, not bad.
Re: What Not Buying Oil With Dollars Means
#9[deleted]
Re: What Not Buying Oil With Dollars Means
#10This piece is rather poorly reasoned. It matters very little what currency oil is priced in...oil is re-priced constantly (as is the dollar), and the dollar can readily and immediately be exchanged with euro or yen or most anything else in massive global forex markets. I can just as easily price oil in euros or in ounces of gold....it is the supply and demand for oil, and the supply and demand for dollars, that matters.