David Baker of the SF Comical reports today on rising oil futures prices. which might indicate that traders expect economic recovery in the near future.

Or might indicate that traders expect that the dollar will continue to lose value. Maybe oil is just as valuable as it was last month and maybe it will continue to keep that value. Maybe the dollar is losing value.

Which, to Wonks Anonymous thinking, is not really a bad thing. The main value of the dollar in the past decades has been as a reserve currency, a sort of green gold. The US has sold dollars and dollar denominated debts and bought goods from the rest of the world.

The strong dollar has tempted us to sloth and destroyed great parts of our domestic industry. It has also enabled us to consume vast quantities of the worlds natural resources.

A weak dollar may lead us to a healthier regime of diet and exercise.