Burnt Orange Report
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Burnt Orange ReportNews, Politics, and Fun From Deep in the Heart of Texas |
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April 29, 2004Dude! Sweet? Dude? Sweet!By Jim DallasEven if it weren't for Brad DeLong's strained attempt at being cute, this would still be a pretty interesting (and devastatingly obvious) post about why the dollar is heading down, down, down... (And while I would not be qualified as an economist to say with certainty, but I would imagine that any further drop in the dollar presages increases in the price of crude oil (which is dollar denominated) and, consequently, a likely increase in the price of gasoline.) In short, there's only so long you can get the rest of the world to fund your wild shopping sprees, and payback could be a b*tch (although your mileage may vary). Posted by Jim Dallas at April 29, 2004 05:36 PM | TrackBack
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