Items Tagged With Big Oil

Here at The Panelist, we have noticed that it has become fashionable to trash the U.S. dollar, which is why it doesn’t surprise me that supermodel Giselle Bundchen has asked to be paid in any currency except the greenback. Fashion is the consensus of a small group of people, and we sometimes need, as Derek Zoolander would say, "really really ridiculously good looking people" like Giselle Bundchen to demonstrate what is fashionable. But, as Giselle probably knows, fashion fades and style is eternal.

The (stylish) U.S. dollar has been the world's reserve currency for many years, and it's going to take much more than a global re-balancing process to erode that status. U.S. dollar bears seem to be ignoring the possibility that the recent U.S. dollar weakness we have seen is simply reflecting a correction of the currency's overvaluation from 1997 to 2002. How long will it remain fashionable to dump the hapless U.S. dollar?

This is a story of selfishness and greed, of self-centeredness, envy and the ignorant folly of a person too short-sighted to realize she should count herself lucky because her college education didn’t have to be paid for with the milk of a goat.
The tale could be called: I Can No Longer Afford to Drive My Car.