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Wednesday, November 10, 2004

The numbers are moving

The trade deficit dropped a bit in September, but oil prices are heading back up after dropping for the past couple of weeks, and the dollar hit a new low against the Euro. However, the Fed has raised overnight interest rates to 2%, which caused the dollar to bounce back somewhat.

I wish I had a better understanding of what all the numbers mean, but I suspect that they are short-term adjustments by people attempting to sustain a totally unsustainable situation--a global economy reliant on constant growth and very finite resources.