What does oil being "priced in dollars" have to do with anything? Oil is a liquid (get it?) internationally traded commodity, just like the major currencies and gold. Its value in terms of those other commodities has nothing to do with the exchange value of the dollar - or at least, not in the linear and direct way implied here.
1. Security of israel-- King and dictators are friends with israel (they have common enemies--arab street). 2. Brainwashed..= a myth that was washed away from the minds who observed the Egypt revolution. Every human loves freedom.
"A model is a lie that tells the truth" adaption of Picasso's saying: "Art is a lie tha tells the truth".
Well said! I would also add that the poor, after the return of the sun, is the last one to get dry if he ever gets dry before the next rain.
The model and SPX are now almost in complete agreement: FV 1315.71. SPX 1,317.58. FWIW. I know that it went off the rails, and therefore can't really be trusted. I am still wrapping my head as to why it went bad, and I think I understand (a comment by Bernanke actually led me down the right path), but I don't know what to do with my knowledge, yet, so the model could easily go off the rails again. It is amazing that having FV working again can put me in a good mood
the notion that you can 'call' fv will either make you money by accident or cause you great pain and loss as expected. theres a reason hedge funds play with opm
Oil is getting scary (oil futures already up in the overnight market!). It is on a march that could easily take if parabolic and come to some sort of parity with the rest of the complex. This is one situation where I wish I were wrong. It devastates the poor. The rich just write it off. Let's price oil in Yuan, see what happens. The world doesn't have the balls. Sigh.