Comments: Migrants create some job market slack

Hi David,

I would agree with most observations and opinion you have expressed. Except right at the bottom of your article you presume a possible marginal error, i explain.

Oil also known as Black Gold (for good reason) very much behaves increasingle as a hedge like gold. Unfortunately for europe UK USA the producers of oil have gotten wind of our little dilution plan called fiat currency. Not only are the savers from the UK USA and europe robbed of their savings through dilution so are the oil producing countries. The price levels are very much the same what they were ten years ago from their perspective they do not look at numerical value on the funny money we produce they are interested what you can actually buy for it!.....oh dear
If you do not believe me check this, a roman in roman times would pay the equivalent of one ounce fine gold for a quality toga and sandals. Guess what a quality suit and shoes would cost today in equivalent fine gold.


Best wishes

Arik Schickendantz

Posted by Arik Schickendantz at May 20, 2007 11:16 PM

Fantastic post! Spot on!

Posted by Kev M at May 24, 2007 10:44 AM
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