Agreed. It is the best piece of dog poop that is available
and the Eurodollar takes its cues from the US dollar. A lot
of the Euro lending is swapped through Eurodollars and that keeps
our strength, but at some point (Russia, China and Middle East) are
pushing things in another direction. The oil situation is the
first stage because ultimately the USD is not a fiat currency it is
backed by oil (petrodollar) and so it will be an interesting couple
of years for sure.
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Agreed. It is the best
Ponder this: When countries that don’t have reserve currencies desperately ...
Posted by ssaffer on 23rd of Apr 2020 at 03:59 pm
Agreed. It is the best piece of dog poop that is available and the Eurodollar takes its cues from the US dollar. A lot of the Euro lending is swapped through Eurodollars and that keeps our strength, but at some point (Russia, China and Middle East) are pushing things in another direction. The oil situation is the first stage because ultimately the USD is not a fiat currency it is backed by oil (petrodollar) and so it will be an interesting couple of years for sure.