Comments on: Zorro est arrivé … dans le Golfe

By: Ivo Cerckel

Ivo Cerckel — Mon, 13 Jul 2009 10:02:27 +0000

“Gulf looking for reassurance from Geithner”

Excellent title.

The dollar is a worthless piece of paper and Geithner must push it.

Geithner will say that the dollar has much value, but will nevertheless ask for stability in the dollar-denominated oil price.

This blogger submits that perhaps if oil were priced in Honest Money …

Gulf looking for reassurance from Geithner
Jul 13, 2009 at 07:57
http://business.maktoob.com/20090000007567/Gulf_looking_for_reassurance_from_Geithner_/Article.htm?utm_campaign=Night-Newsletter&utm_medium=Main-News4&utm_source=Night-Newsletter&utm_content=

By: Ivo Cerckel

Ivo Cerckel — Mon, 13 Jul 2009 05:50:30 +0000

US Treasury Secretary Timothy Geithner said Sunday he is not concerned that the US dollar is weakening as a reserve currency, despite recent criticisms from China, Russia and France.
(Geithner committed to strong dollar as reserve currency
NEW YORK (AFP) — 10 hours ago
http://www.google.com/hostednews/afp/article/ALeqM5hpA_TbNML_RjNWN3ShxwiwcuyvmQ

Ivo:
Now we know …

By: Ivo Cerckel

Ivo Cerckel — Mon, 13 Jul 2009 04:22:23 +0000

Associated Press says that Geithner will say the dollar is good but will nevertheless ask for stability in the dollar-denominated oil price

Geithner to focus on investment, recovery
Web posted at: 7/13/2009 1:55:35
Source ::: AP
http://thepeninsulaqatar.com/Display_news.asp?section=Business%5FNews&subsection=market+news&month=July2009&file=Business_News2009071315535.xml
SNIPS
Geithner is expected to repeat assurances that the government’s soaring budget deficits will not trigger a devastating bout of inflation that sinks the value of the dollar and foreigners’ holdings.
+
Another key topic for Geithner will be oil-price stability — or lack thereof — and its impact on the global economy.
UNSNIP

Ivo: perhaps if oil were priced in Honest Money …

By: Ivo Cerckel

Ivo Cerckel — Mon, 13 Jul 2009 04:00:01 +0000

For sure, the debate about the path of the US economy, its global weight and the direction of the dollar will not abate. It is quite clear that the US administration’s fiscal stimulus was too small which has put a dent on its credibility. However, economic outcomes and debates will impact public perceptions in Saudi Arabia about the US economy.

(Geithner’s Saudi visit and the American conundrum
by John Sfakianakis, a Riyadh-based economist
Arab News newspaper, Monday 13 July 2009 (20 Rajab 1430)
http://www.arabnews.com/?page=6&section=0&article=124488&d=13&m=7&y=2009