And then there was moarrr #Deflation…
Remember that, perversely, moarrr cowbell from Draghi = moarrr #StrongDollar driven #Deflation:
- Cowbell = Centrally Planned Currency Devaluation
- EUR/USD is getting smoked to -8% YTD and multi-yr lows of $1.10 ahead of Draghi’s latest (830AM EST)
- US Dollar Index is rocketing to $96.21 on that, +6% YTD and +21% from its 2014 lows!
- Commodities (CRB) Index (19 Commodities which largely trade in Dollars) continues to crash -28% y/y
- Oh, and WTI Oil, which you could have chased at $105 at this time last year, has crashed > 50% since