tag:blogger.com,1999:blog-26981669.post1889056553451222045..comments2024-03-23T10:55:30.196-05:00Comments on Cold Fusion Guy: Before 1914, there were three international currencies: the British pound, the French franc, and the German mark.Jim Peethttp://www.blogger.com/profile/07649414726939918803noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-26981669.post-25098091935069554472010-11-09T10:15:03.596-06:002010-11-09T10:15:03.596-06:00Related articles in the news today:
Gold above $ ...Related articles in the news today:<br /><br /><a href="http://news.yahoo.com/s/nm/20101109/bs_nm/us_markets_precious" rel="nofollow">Gold above $ 1400</a><br /><br /><i>News that the Fed would buy back $600 billion of U.S. government bonds initially weakened the dollar and propelled commodity prices higher, particularly gold, which has gained nearly 30 percent this year so far.</i><br /><br /><a href="http://online.wsj.com/article/BT-CO-20101108-713013.html" rel="nofollow">Oil May Hit $90/Bbl</a><br /><br /><i>Oil is currently being driven by macro events, in particular dollar movements, they said.<br /><br />"The price is becoming more and more disconnected from the supply and demand balance," said Hanson Westhouse oil and gas analyst David Hart. "Demand hasn't fired up, supplies are plentiful and there is capacity to bring on more supply if needed. If oil makes a sharp move up the market would be very questionable, possibly forming a bubble," he said.<br /><br />Analysts warned that a further rise in the oil price would most likely be the result of increased speculation as the effects of quantitative easing, low interest rates and loose monetary policy create a wave of liquidity in the market.<br /><br />"One of the reasons everyone is so upset with the Fed is that quantitative easing effectively juiced the market," said CMC Markets analyst Michael Hewson. The increased liquidity has to go somewhere "and there is a concern that all the money could create a commodity bubble." </i><br /><br /><a href="http://www.spiegel.de/international/world/0,1518,727801,00.html" rel="nofollow">Germany: 'The US Has Lived on Borrowed Money for Too Long'</a><br /><br /><i>The German export successes are not the result of some sort of currency manipulation, but of the increased competitiveness of companies. The American growth model, on the other hand, is in a deep crisis. The United States lived on borrowed money for too long, inflating its financial sector unnecessarily and neglecting its small and mid-sized industrial companies. There are many reasons for America's problems, but they don't include German export surpluses.</i>Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.com