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Will Higher Oil Price Hamper Global Economical Growth? No...
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ujoe...@yahoo.com
Oct 27, 2007, 5:35:01 PM10/27/07
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Higher oil price will hamper U.S. economical growth, but not global.
Oil is priced on U.S. dollar, and U.S. dollar is down against ALL
major and minor currencies including Indian Rupee and Russian Ruble.
Only U.S. feels the pinch. In every other country, oil price has been
quite stable over the years, with only perhaps minor inflation
adjustment. Global economy is working just fine, without U.S.
Oil is priced on U.S. dollar, and U.S. dollar is down against ALL
major and minor currencies including Indian Rupee and Russian Ruble.
Only U.S. feels the pinch. In every other country, oil price has been
quite stable over the years, with only perhaps minor inflation
adjustment. Global economy is working just fine, without U.S.
Reducing Fed interest rate does not help dollar, nor housing market.
Mortgage rate is based on 30-year T bond, which has been very stable
over the past 10 years. Short-term interest rate does not affect long-
term interest rate that much. On the other hand, lowering interest
rate weakens the U.S. dollar, which helps to increase the commodity
price (inflation), which negatively affects the economy.
Rod Speed
Oct 27, 2007, 6:05:57 PM10/27/07
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ujoe...@yahoo.com wrote:
> Higher oil price will hamper U.S. economical growth, but not global.
> Oil is priced on U.S. dollar, and U.S. dollar is down against ALL
> major and minor currencies including Indian Rupee and Russian Ruble.
> Only U.S. feels the pinch. In every other country, oil price has been
> quite stable over the years, with only perhaps minor inflation adjustment.
> Higher oil price will hamper U.S. economical growth, but not global.
> Oil is priced on U.S. dollar, and U.S. dollar is down against ALL
> major and minor currencies including Indian Rupee and Russian Ruble.
> Only U.S. feels the pinch. In every other country, oil price has been
> quite stable over the years, with only perhaps minor inflation adjustment.
That last is just plain wrong.
WaterBoy
Oct 27, 2007, 11:39:16 PM10/27/07
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.
thank god
i can now sleep tonight
the next time i drive around the world,
in my VW, i will just be so happy,
knowing that everything isn't coming to an end,
and that our leader is watching out for us/protecting us
thank god
i can now sleep tonight
the next time i drive around the world,
in my VW, i will just be so happy,
knowing that everything isn't coming to an end,
and that our leader is watching out for us/protecting us
waterboy
clams casino
Oct 28, 2007, 11:36:59 AM10/28/07
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