• 4 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 7 minutes Countries with the most oil and where they're selling it
  • 10 minutes Stack gas analyzers
  • 13 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 12 hours Trudeau Faces a New Foe as Conservatives Retake Power in Alberta
  • 9 hours Oil at $40
  • 2 hours Ecoside
  • 38 mins Japan’s Deflation Mindset Could Be Contagious
  • 16 hours Not Just Nuke: Cheap Solar Panels Power Consumer Appliance Boom In North Korea
  • 4 hours US Military Spend at least $81 Billion Protecting OPEC Persian Gulf Oil Shipping Lanes (16% DoD Budget)
  • 15 hours Haaretz article series _ Saudi Arabia: A Kingdom in Turmoil | Part 1 - Oil Empire
  • 6 hours Mueller Report Brings Into Focus Trump's Attempts to Interfere in the Special Counsel Investigation
  • 11 hours Gas Flaring
  • 11 hours Negative Gas Prices in the Permian
  • 2 days Guaido and the Conoco Award
  • 20 hours The Number Increases: Swiss To Support Belt And Road Push During President's China Trip
  • 1 day Is Canada hosed?
Why Elon Musk Is Wrong About Hydrogen

Why Elon Musk Is Wrong About Hydrogen

Electric passenger vehicles are getting…

Why US Institutions will Purposefully Weaken the Dollar

The euro is down big lately, which is to be expected. Over-indebted countries have traditionally used devaluation to keep their debts from crippling them.

The problem is that a cheaper currency is only a temporary fix because it invites retaliation from everyone else. For a real-world example of this process in action, consider what just happened to McDonald’s. For the past few years it has been turning crappy food into great numbers, in part by adding new restaurants in hospitable markets and in part because the dollar was relatively weak, which made the euros and yen McDonald’s earned relatively valuable.

But with the euro plunging against the dollar, these trends have shifted into reverse:

Read the full article here.



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News