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Re: westpacific post# 178804

Monday, 12/08/2003 2:53:31 PM

Monday, December 08, 2003 2:53:31 PM

Post# of 704041
Euros for Oil - Russia has to feel pressured

Russia does quite a lot of trading with European counterparts and selling oil in dollars and holding them in what has been a 40% drop in value. US deficits are not a problem till they are.
Likely subject for Greenspan to consider but would he dare to breach the obvious? Nah, it would crush the market/economy before the elections.

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