Oil price down Dollar strengths I smell a rat..
The link between the dollar strength and the drop in the price of oil cannot be simple economics or can it. With the global economy heading south, one of the ways to turn it around is to get the American economy consuming at the levels it was 12 months ago.I sometimes come up with these conspiracy theories and one of these that I considering at the moment is that the somewhere out there a group of people realise that the only way that can re-set the global economy is to release huge suppliers of bunkered oil. At the same time supporting the dollar to give it some strength against other currencies and thereby bolstering consumption in the USA.
Many economies rely on this consumer mentality of to survive and clearly keeping the USA out of recession will have a positive influence on the world.
What do you think?
Stacey Derbinshire August 14, 2008 - 3:00 pm
Thanks for posting the article, was certainly a great read!