Sunday, September 4, 2011

The non oil uncle hedge trade deficit is at 1% of GDP

The combo of dollar depreciation effects on relative x/m prices
and stag effects on absorption are working

The problem is the near zero price elasticity of oil imports

Obviously energy green and independent
Is a sensible battle cry for citizens of operation uncle
The drill baby drill division not withstanding




Http://205.254.135.24/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MTTIMUS1&f=M