Monday, 29 December 2008

Oil and the Dollar

Telegraph
"However, the Federal Reserve has slashed US interest rates and signalled that it could soon be printing money to try to stop the recession turning into a depression. Many analysts feel that this will be bearish for the dollar, and a dollar fall would once again boost the oil price."
Previous blog entry :
"....he now has one final, desperate roll of the
dice: to try to save the British economy by printing extra money.
Indeed, I can reveal that Bank of England officials are already
studying this option." (20/12/08)

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