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I just saw the last "Reality Check" on Fox News. They say that the price of Oil is that high because the prices are tied to Gold - not Dollar. So whenever the price of Gold rises, the less Gas you can buy for your Dollars.
Is that correct?
The short report in question:
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What goes down (as far as real exchange rates are concerned) usually eventually comes back up. :)
(OK--so it has a long way to go yet . . .)
PS--there was an exception:
In economic news:
Also
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