MacroVoices #343 Jeff Snider: Why the Dollar Remains King
Macro Voices
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The Gas Isn't Getting Turned Back On
This week's big news in energy was the apparent sabotage of both the nord stream one and nord stream two pipe lines. I think this is a big game changer, because it eliminates the option of europe reversing course. So all the sanctions are really just political theatre, as far as i'm concerned. The sterling collapse and dollar appreciation, we're responsible for a lot of what happened. This surprisingly low, 76 and a quarter or so print on w t i monday evening is not really what concerns me. What i worry more about is whether this dollar dislocation was just a new jerk reaction to the sterling collapse, or if it could potentially signal something bigger starting to to
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