Patrick Hosking's "Business Commentary" in the Times today (11 March) has a piece entitled "Is weak dollar boosting oil?". Can it possibly be true? No, I don't mean can it possibly be true that the weak US dollar is boosting the (dollar denominated) oil price. I mean, can it possibly be true that a supposed business journalist has only just figured this out?
I can only assume that Hosking was hired to make Anatole Kaletsky look smart. Amazingly enough, he may be up to the job.
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