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MikeCristo8
@MikeCristo8
Pay attention to what’s about to play out here. The G7 Central Banks Are now frenemies.
They will stab each other in the back to save their own credit spreads, now that the dollar is not anchored to oil.
It’s going to get ugly!
Pay attention to capital flows, ALL the G7 currencies are now on same parity. The Fed is attempting to harvest other G7 Central Banks to save themselves.
Why did Lagarde say she may raise rates? Because the dollar is no longer anchored to oil. For the G7, it’s cutthroat to save their own credit spreads.
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