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But what's that, I hear? A french social democrat calling for looser ECB monetary policy? I think Jerome will be disappointed...
I must be the only one here who thinks that Oil prices may actually go DOWN in the next couple of years because of the fact that poorer economies will simply collapse at current price levels. That is not to say, of course, that the medium and long term trend will not be inexorably upwards. "It's a mystery to me - the game commences, For the usual fee - plus expenses, Confidential information - it's in my diary..."
I must be the only one here who thinks that Oil prices may actually go DOWN in the next couple of years because of the fact that poorer economies will simply collapse at current price levels.
Ummm... yes, but down in relation to what?
I think that we may already be seeing the beginning of oil becoming the de facto global reserve currency.
you are the media you consume.
Not because the price won't go down (and I agree with you on what may well be happening in the ldc's), but because the USD will go down.
Thus the need to speak of EUR100 oil.
I can't wait to move back if only so I get a damn EUR sign on my keyboard. "C'est un scandale !"
