The huge run up in oil and the disgraceful weakness of the dollar are caused by cheap money.
Short-term interest rates should be close to 6%. Instead they are below 2% (13-week Treasury bills). This is the main reason for the mess we have in our hands.
Cheap money does it every time!
More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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