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U.S Dollar Is Starting To Break Things | Mike McGlone

Supply Shock

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What's Happening in the Stock Market?

The yen up 20% in one year and the euro 15% down in one year, that's breaking the world economy. The key thing I missed was when Chairman Powell earlier in the year said, oh, we're going meeting by meeting. That's not a big deal, but it just triggered the markets need to go up. Even bonds collapsing. commodities are the most mean reverting assets and they're going to collapse too. It's the idiot versus genius factor. Now as an idiot, I'm always looking less for signs of something being broken. But what's happened is the biggest spike in energy prices has ever happened with the central bank raising interest rates.

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