<DrumBeat: October 4, 2006 The Oil Drum A slight feeling of disquiet>

260 comments on The Specter of Recession

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Darwinian on October 4, 2006 - 4:11pm Permalink | Subthread | Parent | Comments top
The Dollar index closed out 2003 at a tad above 85. That was just before Oil started its rise in price. Today the Dollar index stands at just above 85.

What simultaneous drop in the dollar were you talking about?

The Dollar index dropped dramatically in 2002 and 2003 while the price of oil rose only slightly. Since then the price of oil has rose dramatically while the dollar index has muved, up and down, in a very narrow range.

Ron Patterson

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dinopello on October 4, 2006 - 5:20pm Permalink | Subthread | Parent | Comments top
Trust me, I could be totally wrong about what I am seeing.  But, I was looking at the graph above $USD dollar index which looks like in '02 a dollar index of 120 dropping in '06  to 85 or so.   Then in the graph figure 1: Real price of oil starting '02 or slightly before there is a rise from 50ish to 100ish.  
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260 comments on The Specter of Recession

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