[lbo-talk] Bush invaded Iraq because...

Doug Henwood dhenwood at panix.com
Mon Apr 12 08:46:45 PDT 2004


Peter Huss wrote:


>In our post bubble economy, we needed a weaker $ to soften our
>inevitable hard landing which could have forced OPEC members to
>completely switch over to Euros.

Oddly enough, because of the dollar's fall against the euro, the euro zone has largely been insulated from the increase in oil prices, while the dollar zone has taken it squarely on the chin. This isn't necessarily with the doctor ordered.

Doug



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