Wow — this is amazing. It shows no sign of stopping, which of course, it eventually must.
Here’s a question — at what point does ECB Central Bank Chief Trichet realize that every time the ECB hikes rates, it pummels the dollar and sends oil higher?
Let’s rename this the Trichet Oil Rally!
The Costanza Energy Policy: 25 Ways to Drive Oil to $150 (May 2008)
Will Trichet drive the world over a cliff?
Telegraph, July 2, 2008, 04:41 PM GMT
Are Trichet’s Rate Hikes 1930 All Over Again?
Naked Capitalism, Jul 3, 2008
Trichet Adopts Greenspan Policy as ECB Attacks Prices
Bloomberg, July 3 2008
Trichet fears worst for eurozone inflation
Telegraph, July 2, 2008