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BTC136: The FED Pause & Q2 Current Events w/ Luke Gromen (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Market's Response to the SPR Drop
Alex Castellanos: Are they still aggressively in the market manipulating that price or have they really kind of taken their hands off the SPR? I know it hasn't been refilled. He says there's a magical point in these emerging market currency prices where once they go too far down, once they burn down, their FX reserves too low,. The market starts to work against them and goes, they're going to run out of dollars at this pace.Castellanos: And so paradoxically, you could get into a situation like you get with a troubled EM where they come out and shoot their shot and oil goes up and then they're done.
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