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Over time, there's a very close correlation between what happens to the dollar and what happens to the price of oil. When the dollar gets week, the price of oil, which, as you know, and other commodities are denominated in dollars, they go up. We saw it in the '70s, when the dollar was savagely weakened.


Steve Forbes


#close #commodities #correlation #dollar #dollars



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Did you know about Steve Forbes?

Despite holding opposite positions in 1996 for the 2000 campaign Forbes announced he was adamantly opposed to abortion and supported prayer in public schools. His awkward campaigning style was considered to be a major factor in his defeat. While at Princeton Forbes founded his first magazine Business Today with two other students.

C. He is the son of longtime Forbes magazine publiSteve Forbesr Malcolm Forbes and the grandson of that publication's founder B.

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