And, yes, I DO take it personally: Oil - record high... Dollar - record low...

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And, yes, I DO take it personally

Wednesday, February 27, 2008

Oil - record high... Dollar - record low...

the perfect storm...

both...

Oil prices strike record high 102.08 dollars

Crude oil prices surged to a record above 102 dollars per barrel on Wednesday, energised by the weak US dollar and concerns that OPEC could cut output next week, analysts said.

and...

Dollar plunges to fresh record euro low

The dollar plunged to another record low against the European single currency on Wednesday as a stream of negative US data undermined the greenback, analysts said.

In morning deals, the euro surged as high as 1.5088 dollars, after smashing through the 1.50 barrier for the first ever time in US trade on Tuesday.

so stop stalling... let's have the collapse already...

Labels: currency crisis, economic collapse, economy, Euros, financial markets, financial meltdown, oil prices, U.S. dollar