Loading ...I don’t think the rig is goosing the USD – at least intentionally. The strong dollar also hurts us, and things are way out of whack.
However, you may be right about derivatives blowing up somewhere. These derivatives are all likely tied together and if one or two big trades blows up, the rest will follow.
I think that is so great about Meloni winning big. It indicates to me that people are waking up to these lunatics and their climate/LGBTQ/education bullshit. Hopefully Italy exits the EU and that whole shitshow goes belly up.
Looks like Truss seems to get what is necessary to help her people and the economy with tax cuts and removing the roadblocks to more drilling to protect her country from shortages. We could only be so lucky with Biden, the RINO’s and the progressives pulled their heads out of their asses.
BTW – there is one currency strengthening against the USD – The Ruble