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Gasoline prices, the price of oil itself is not the biggest issue here. What is important is that any reduction on the global demand for dollars and USD denomi
by elzbardico 2y ago
Gasoline prices, the price of oil itself is not the biggest issue here.
What is important is that any reduction on the global demand for dollars and USD denominated treasury bonds can have a chilling effect on the ability of the US to maintain its gigantic trade deficits year over year as well as re-financing government debt.
- ikekkdcjkfke 2y agoIsn't one of the strengths of US is it's gigantic financial system, being able to absorb huge trades