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Consumer prices for gasoline are up sharply, without any apparent
reason. gas prices are up because crude oil is priced in US dollars, and the US dollar is falling relative to Euros etc. US dollars are falling because US interest rates are so low they won't attract foreign buyers of our bonds unless the dollar goes does relative to their currency. bitch about high gas prices or high house prices. They go hand in hand. Same thing that causes one causes the other. |
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