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Petróleo Brasileiro S.A. - Petrobra Message Board

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  • ilap2004 ilap2004 Jun 21, 2010 3:22 PM Flag

    The Doc Mish Macro View

     

    "In 2008, I read about inelastic demand for oil. "

    Who said oil demand was inelastic?

    "Now, money supply only matters in the U.S. China, India, and Brazil can crank out their currency printing presses as much as they want, and they don't have to worry about devaluing their currency."

    Why exactly would money supply cause their currencies to be devalued?

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