The Dollar: from Debt Crisis to Currency Crisis - Action Forex
Source: Action Forex
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DW NOTE
The US ran a $1.9 trillion deficit this year — 6% of GDP — while core inflation accelerated from 3.0% to 3.3% and the Fed held rates flat. That's not a debt crisis becoming a currency crisis. That's a currency crisis pretending to still be a debt crisis.
For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor
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