The Dollar - Good Timing?
2 December 2006
"The dollar's tumble this week was attended by predictable shrieks from the
markets; but as it fell to a 20-month low of $1.32 against the euro, the
only real surprise was that it had not slipped sooner. Indeed, there are
good reasons to expect its slide to continue, dragging it below the record
low of $1.36 against the euro that it hit in December 2004..."
 This cover is reminiscent of The Economist front page in March 1999, depicting
a couple of oil workers covered in gunk with the blazing headline "Drowning in Oil." With oil approaching $10 a barrel at that point, there were predictions that it could eventually hit
$5.
“Consumers
everywhere will rejoice at the prospect of cheap, plentiful oil for the
foreseeable future.”
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