AboutWarren D. Miller, CFA, ASA, CMA, CPA Expertise My in-depth knowledge of economics is confined to three sub-disciplines: Austrian economics, industrial organization, and evolutionary economics. Other questions dealing with macroeconomics, the traditional neoclassical paradigm, labor economics, environmental economics, agricultural economics, health economics, and so on should go to those who have the appropriate expertise.
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Experience I work with Austrian economics (which is different in major respects from the traditional neoclassical model), industrial organization (which is about industry structure, conduct, and performance), and evolutionary economics (almost, but not quite, the economic analog of its biological counterpart) everyday in my work. I appraise closely-held businesses, provide exit-planning services, and offer high-level strategic analysis, advice, and clients to CEOs and owners of mid-sized businesses. Understanding, applying, and writing about these disciplines is an essential part of how I have made my living since 1993.
Organizations CFA Institute, Strategic Management Society, American Society of Appraisers, Institute of Management Accountants, Academy of Management, Culver Legion
Publications CFA Magazine, Strategic Finance, Valuation Strategies, Value Examiner, Journal of Advanced Property Economics, Harvard Business Review, American Fly Fisher, CFA Digest, CPA Expert, and Business Valuation Review, among others
Education/Credentials MBA - Oklahoma State (1991)
BBA - U. of Oklahoma (1975)
Chartered Financial Analyst designation (2006)
Accredited Senior Appraiser (2006)
Certified Management Accountant (1992)
Certified Public Accountant (1992)
Question why is it that with the weakening dollar prices of comodities in our countries(outside USA) continue rising when they should be falling.Especially that we do not import from the USA.
Answer Dear Guy--
Thanks for asking for your question, and thank you, too, for using AllExperts.com.
You don't say to what country you are referring, so my answer can't be as precise as I'd like it to be. Still, you've asked an excellent and timely question, Guy. There is a three-part explanation.
#1: Oil prices on world markets use the U.S. dollar (USD) as their currency. There has been talk of late of changing that, but it hasn't happened yet. And those in the U.S. hope that it won't because it would be a severe blow to the U.S. economy.
#2: Many countries around the world 'peg' the value of their currency to the value of the USD. So, when oil prices go up (down) in USD, those prices go up (down) in those currencies, too.
#3: From what country the importing country buys is the last piece of the puzzle. If the country from which it buys has its currency pegged to the USD, then the price of the oil will be what it would be had the importing country bought from the U.S. itself.
Again, a great question, Guy.
Now, if you'd do me a favor: please complete the 'rate the expert' email you'll receive right behind this one. That helps me be more responsive to folks like you who ask such interesting questions.
