Comments on: U.S. Trade Gap Widens on Oil Imports http://moslereconomics.com/2009/05/12/us-trade-gap-widens-on-oil-imports/ St Croix, United States Virgin Islands Wed, 23 May 2012 01:34:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Matt Franko http://moslereconomics.com/2009/05/12/us-trade-gap-widens-on-oil-imports/comment-page-1/#comment-6121 Matt Franko Thu, 14 May 2009 10:40:12 +0000 http://www.moslereconomics.com/?p=7937#comment-6121 C, Try Google-ing: "BIS The US dollar shortage in global banking" And you can download the PDF from the BIS website and open in Acrobat Reader. It is a Adobe pdf file and it may be that your web browser will not automatically launch adobe reader when you link to a pdf file, so just download directly. Resp, C,
Try Google-ing:
“BIS The US dollar shortage in global banking”
And you can download the PDF from the BIS website and open in Acrobat Reader. It is a Adobe pdf file and it may be that your web browser will not automatically launch adobe reader when you link to a pdf file, so just download directly.
Resp,

]]> By: Curious http://moslereconomics.com/2009/05/12/us-trade-gap-widens-on-oil-imports/comment-page-1/#comment-6119 Curious Thu, 14 May 2009 05:28:16 +0000 http://www.moslereconomics.com/?p=7937#comment-6119 Thanks Matt, I'm unable to view the report ("the file is damaged and cannot be repaired"). Are you able to view it? Thanks Matt, I’m unable to view the report (“the file is damaged and cannot be repaired”). Are you able to view it?

]]> By: Matt Franko http://moslereconomics.com/2009/05/12/us-trade-gap-widens-on-oil-imports/comment-page-1/#comment-6116 Matt Franko Thu, 14 May 2009 02:45:56 +0000 http://www.moslereconomics.com/?p=7937#comment-6116 C, This is a post Warren made a couple of months ago wrt dollar shortages ouside of the US. May provide some insight. http://www.moslereconomics.com/2009/03/04/bis-report-on-usd-shortage/ From my own recent obs. wrt oil, I have been tracking the USD loans from the US Fed to the ECB over the last few quarters, the amounts put a bottom in ($130B) and started to increase ($160B) back in late Feb. after oil went down to the 30's. usd index topped about a week later. Since then as oil has rebounded to the 50's, the loan amounts have started to recede again (back to $130B area). My expectation would be that if oil price weakens again to the low 40's, youll see the Dollar Index back around 90. Resp, C,
This is a post Warren made a couple of months ago wrt dollar shortages ouside of the US. May provide some insight.

http://www.moslereconomics.com/2009/03/04/bis-report-on-usd-shortage/

From my own recent obs. wrt oil, I have been tracking the USD loans from the US Fed to the ECB over the last few quarters, the amounts put a bottom in ($130B) and started to increase ($160B) back in late Feb. after oil went down to the 30′s. usd index topped about a week later. Since then as oil has rebounded to the 50′s, the loan amounts have started to recede again (back to $130B area). My expectation would be that if oil price weakens again to the low 40′s, youll see the Dollar Index back around 90.
Resp,

]]> By: Curious http://moslereconomics.com/2009/05/12/us-trade-gap-widens-on-oil-imports/comment-page-1/#comment-6104 Curious Wed, 13 May 2009 18:12:51 +0000 http://www.moslereconomics.com/?p=7937#comment-6104 I don't see the causation in either direction. Oil cannot be traded for any other currency except dollars, so it cannot be arbitraged, can it? Higher price of oil means more dollars overseas, but they can only be invested/spent in the US, regardless whether they are owned by foreigners or US citizens. How does that weaken the dollar? I don’t see the causation in either direction. Oil cannot be traded for any other currency except dollars, so it cannot be arbitraged, can it? Higher price of oil means more dollars overseas, but they can only be invested/spent in the US, regardless whether they are owned by foreigners or US citizens. How does that weaken the dollar?

]]> By: Warren Mosler http://moslereconomics.com/2009/05/12/us-trade-gap-widens-on-oil-imports/comment-page-1/#comment-6100 Warren Mosler Wed, 13 May 2009 15:08:12 +0000 http://www.moslereconomics.com/?p=7937#comment-6100 the causation may be from the dollar to crude prices on any given day in the very short term. my take is on the more medium term fundamentals. and it would change if our mix of imports changed, etc. thanks! the causation may be from the dollar to crude prices on any given day in the very short term.

my take is on the more medium term fundamentals. and it would change if our mix of imports changed, etc.

thanks!

]]> By: Matt Franko http://moslereconomics.com/2009/05/12/us-trade-gap-widens-on-oil-imports/comment-page-1/#comment-6099 Matt Franko Wed, 13 May 2009 14:20:32 +0000 http://www.moslereconomics.com/?p=7937#comment-6099 Warren, I dont think I have ever (and I mean ever) seen anyone in the media, Govt, mainstream, etc. put the causation from higher oil to a weaker dollar. They without exception have it backwards (IMO) as they say the weaker USD means higher oil prices! Resp, Warren,
I dont think I have ever (and I mean ever) seen anyone in the media, Govt, mainstream, etc. put the causation from higher oil to a weaker dollar.
They without exception have it backwards (IMO) as they say the weaker USD means higher oil prices!
Resp,

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