Economics Without The B.S.**:
[** Double entendre intended.]
You would think with the outbreak of hostilities between Israel and Iran and the possibility of a Middle East War, the center for much of the world’s crude oil production, that the international stock markets, the overnight American stock markets, the price of crude oil, would all be reacting extremely volatile. Actually there is very little movement in the action. Crude oil is only slightly higher. Some of the overnight markets are actually positive; and the one’s that are negative are by no more than 0.5%. The value of the dollar, the world's reserve currency which has been slipping since Trump took office, and the value of gold, which is supposed to be a safe haven in times of trouble, are little changed. The bond market has little reaction.Now remember when Trump announced “Liberation Day”? All the markets – in Asia, Europe, the overnight American markets, and the daytime markets – plunged, about 4%. The value of the dollar dropped precipitously. The bond market became unsteady. And gold rose in value as investors fled to safety.Now you know what worries international investors.
You would think with the outbreak of hostilities between Israel and Iran and the possibility of a Middle East War, the center for much of the world’s crude oil production, that the international stock markets, the overnight American stock markets, the price of crude oil, would all be reacting extremely volatile. Actually there is very little movement in the action. Crude oil is only slightly higher. Some of the overnight markets are actually positive; and the one’s that are negative are by no more than 0.5%. The value of the dollar, the world's reserve currency which has been slipping since Trump took office, and the value of gold, which is supposed to be a safe haven in times of trouble, are little changed. The bond market has little reaction.
Now remember when Trump announced “Liberation Day”? All the markets – in Asia, Europe, the overnight American markets, and the daytime markets – plunged, about 4%. The value of the dollar dropped precipitously. The bond market became unsteady. And gold rose in value as investors fled to safety.
Now you know what worries international investors.
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