Oddball
Unobtanium Member
- Jan 3, 2009
- 105,411
- 112,420
That's right, you heard it here first....Higher prices are indicative that the economy is improving.
Oil at $80: That's good news and bad news. - Oct. 20, 2009
Yet, buried in the story, there's this passage:
The current spin (just heard this one on the radio) is that speculators feel better about economic conditions and that means they're more likely to take chances in the commodities markets.
Talk about people whistling past the graveyard!
Oil at $80: That's good news and bad news. - Oct. 20, 2009
Yet, buried in the story, there's this passage:
What's more, the continued weakness of the greenback is helping to push oil higher because oil is priced in dollars -- despite the occasional rumor to the contrary.
And the dollar's weakness is, to a certain extent, a byproduct of investors flocking to riskier assets like stocks and commodities because of the aforementioned recovery hopes.
The current spin (just heard this one on the radio) is that speculators feel better about economic conditions and that means they're more likely to take chances in the commodities markets.
Talk about people whistling past the graveyard!
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