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The alarming dollar connections between oil plunge and Germany's sudden and shocking collapse.
It was not a good week for long oil traders or those betting on the economy and inflation. Prices were down huge Monday and Tuesday last week before suffering a flash crash Wednesday/Thursday. These together implicate bad liquidity as much as bad economy. As does the utter and worrisome collapse in Germany's goods sectors.
Eurodollar University's Weekly Conversation w/Steve Van Metre
Bloomberg: Oil’s Dramatic Open Leaves Traders Puzzled After WTI Crashes
https://www.bloomberg.com/news/articles/2023-05-04/crude-oil-s-dramatic-open-leaves-traders-puzzled-after-wti-crashes
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