Article

2011-04-12 Economy

Oil near $113 amid Mideast turmoil, weak US dollar

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Posted by Fred 2011-04-12 00:00|| || Front Page|| [2 views ] Top

#1 A weaker US currency makes dollar-based commodities such as oil cheaper for investors with other currencies.

So Bernake printing all those dollars actually does have a benefit! It makes oil cheaper for everyone else!

Posted by Bobby 2011-04-12 06:50|| 2011-04-12 06:50|| Front Page Top

#2 And it'll keep on like this until at least three years after we elect a president at least as sane as Sarah Palin.

Posted by Thing From Snowy Mountain 2011-04-12 10:40|| 2011-04-12 10:40|| Front Page Top

#3 Unfortunately, I received a rude shock researching a project.
I went to the Economist Intelligence Unit Country Reports and they rate the government financial status of the US as a 4 out of 100, this is with Iraq at a 41. I think Zimbabwe is a 3. That gives you an idea of what the Economist thinks of our current government's economic policies...
I hope to go overseas and get a job that pays in something substantial like Italian Lira or Pesetas or Drachmas.

Posted by Bill Clinton 2011-04-12 15:39|| 2011-04-12 15:39|| Front Page Top

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