It should come as no surprise that Trump returned to the issue of oil prices very quickly once the COVID-19 pandemic became something stressing the U.S. economy to the hilt.
I still believe we are in the early stages of a massive U.S. dollar rally which everyone at the Fed, the U.S. Treasury and the major central banks are scared to death of.
The worst isn’t over yet, the next stage of the collapse is just beginning.
Perhaps today the bigger story is that the central banks have been revealed this week to be powerless to stop what’s happening.
The bounce in oil prices earlier in the week were a clear dead cat bounce not born of anything other than hope.
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