Isn’t It Ironic, Don’t You Think? How the US is Losing US$/UST Hegemony
The United States has gone from starting wars to prevent oil prices from being priced in currencies other than the US$ to recognizing that it is in their strategic interest to encourage the trading of oil in currencies other than US$ in order to slow down foreign selling of US Treasury holdings. The implications of […]
CPI – Too Hot to Cut
Recent data keeps making it harder for the Fed to kick off the loosening cycle they desire. They are fighting the economy but for how long. Another stronger than needed inflation print should continue to give the Fed pause that they are going to achieve the last mile of bringing inflation back down to 2% […]