MacroVoices #330 Julian Brigden: Hyper-Financialization Is The New Inflation
Macro Voices
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What's Causing All This Volatility?
This week, we put some sort of a short term low in crude oil. We're still at the lowest stocks for this time of year ever and summer is only just begun. The s p r, strategic petroleum reserve, has now been drained to its lowest level since 19 86. Meanwhile, our macra voices listeners know for years now, i've been talking about how the world is running out of spare capacity.
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