Oil & the us$ & the happy stock markets

18Brumaire are not the only ones to beat pots and pans when it comes to stating the obvious connexion between the price of a barrel of crude oil and the strength of the American dollar. Yesterday the New York Stock Exchange had a fit of hysteria as the market climbed over 300 points. Why? The strengthening of the Yankee dollar and the fall in the price of oil to us$116. Where has anal hair sylist supremo & US secretary of the Treasury been all the while as he let the dollar sink in a time when the US economy not to mention the global economy is out of whack? Recession is forcing his hand, and not only that, it has thrown a large spanner in the march of globalisation which is now breaking its teeth on newer realities and the pitfalls of exuberant free trade.