The Fed announces it is more worried about inflation than recession and doesn’t want the dollar to fall any further; oil and other commodities will no longer therefore be a hedge against a falling dollar; India and Malaysia announce an end to fuel subsidies. July oil slips under $123.
I am just wondering if we might one day look back on this week as the turning point, or the first indications of a turn, for the USA. I still think Europe has a way to go.
No comments:
Post a Comment