This is the second appearance in the NYT in the same day. In a discussion of the falling dollar, the NYT tells us in reference to the fall in the dollar, "yet Europe also has a silver lining. It has not been hit by skyrocketing oil prices because oil is priced in dollars and the dollar’s decline has kept oil prices down when translated into euros."
arghhhhhhhhhhh! The silver lining for Europe is that oil is not actually rising in price, or at least not by much. The dollar is falling in value. That means that it costs more dollars to buy a euro, to buy Japanese yen, and to buy a barrel of oil. It is that simple.
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