tag:blogger.com,1999:blog-2761684730989137546.post8744125565569686755..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Saudis Signal Deeper Oil Output Cuts Than Expectedmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2761684730989137546.post-85714984731639547902008-12-13T00:48:00.000-05:002008-12-13T00:48:00.000-05:00is there a transparent window anywhere showing whi...is there a transparent window anywhere showing which entities sold off their expensive Euros and Quids and bought dollars before the recent run to the dollar ?<BR/><BR/>while same forex swapper reversed their position and got back into cheap Euros with the strong dollars they accumulated ?<BR/><BR/>US Federal Government ?<BR/><BR/>UK ?<BR/><BR/>Saudi ?<BR/><BR/>Any data ?<BR/><BR/>Why did UK know to sell off their steel industry recently ( Corus with debt on books ) to India<BR/>and then Landrover ( with debt again ) to India ---- just before the fan fell off ?googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-21466899076264752632008-12-13T00:45:00.000-05:002008-12-13T00:45:00.000-05:00no sure.they probably are very well funded and hed...no sure.<BR/><BR/>they probably are very well funded and hedged.<BR/><BR/>therefore, they bought a lot of Euros on the recent slide and are going to ride the next slide Back to a low dollar and high euro and watch their profits soar.<BR/><BR/>technically they cannot earn interest in bank accounts but they can manipulate oil.googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-87711219183114812332008-12-11T12:21:00.000-05:002008-12-11T12:21:00.000-05:00Yes, but higher oil prices will bring a lower doll...Yes, but higher oil prices will bring a lower dollar. That is the tradeoff. Not sure the Saudis understand that. Most of the world doesn't. They think the relationship is the inverse.mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-21499411176754738502008-12-11T11:28:00.000-05:002008-12-11T11:28:00.000-05:00This is the inflation everybody is warning about.S...This is the inflation everybody is warning about.<BR/><BR/>Saudi's realize that the dollar is stronger - they can produce less and make about the same amount of money.<BR/><BR/>If the Euro has fallen 20% then the Saudi's can work less and get the same amount of money in terms of a strong dollar.<BR/><BR/>As the dollar weakens they will have to increase production to keep up with general vanilla inflation.<BR/><BR/>The dollar is still coupled to oil.<BR/><BR/>The time for green is better than ever.<BR/><BR/>Oil is subsidized in Venezuela and Indonesia. It is a like a free web browser.googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.com