Tuesday, January 11, 2005

Malaysian Prime Minister Pak Lah: We will review use of US dollar for trade

Pak Lah: We will review use of US dollar for trade:

"Malaysia is looking into ways of reducing its reliance on the US dollar for trade and turning to other currencies in view of the volatility of the US dollar, Datuk Seri Abdullah Ahmad Badawi said yesterday. "

The dollar continues its slide. I feel like an Enron shareholder watching the value of his 401K dropping percipitously before the big final plunge...

I expect the dollar, the housing market, and the price of oil in a relative stasis until after the inauguration and then expect two to accelerate their decline while I expect the price of oil to rise.


--Ettiene