Comments on: The dollar is on the move again http://www.onthevig.com/2008/10/24/the-dollar-is-on-the-move-again/ A Happy Idiot Mon, 08 Feb 2010 18:16:42 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Justin http://www.onthevig.com/2008/10/24/the-dollar-is-on-the-move-again/comment-page-1/#comment-1241 Justin Fri, 24 Oct 2008 14:00:07 +0000 http://www.onthevig.com/?p=1524#comment-1241 I heard Tom Friedman say that what brought down Communist Russia in the 80's wasn't Regan and the Cold War but instead oil prices. Oil went from $80 a barrell to $10 a barrell over a years span, and that just destroyed the Russian economy. And I wonder if this current drop in oil is going to hurt our good buddies the Saudies and Iranians? My guess is yes. That said, this market is so crazy. I have no clue what's going to happen in the future. I'm just having fun watching the ride. I heard Tom Friedman say that what brought down Communist Russia in the 80’s wasn’t Regan and the Cold War but instead oil prices. Oil went from $80 a barrell to $10 a barrell over a years span, and that just destroyed the Russian economy.

And I wonder if this current drop in oil is going to hurt our good buddies the Saudies and Iranians? My guess is yes.

That said, this market is so crazy. I have no clue what’s going to happen in the future. I’m just having fun watching the ride.

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