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18:10
Arthur Hayes selects CARDS as this week's highest conviction trade
Arthur Hayes selected CARDS as the highest conviction trade of the week on the 10X program. (CoinDesk)
18:05
Dallas Federal Reserve: The U.S. economy is much more resilient to oil price shocks than in the 1980s
The war against Iran, launched with the support of the United States, has resulted in a roughly 15% decrease in global oil supply. Shipping through the Strait of Hormuz has been impeded, throwing global commodity markets into turmoil, leading to price increases, supply shortages in some regions, and an overall drop in demand.
18:05
Dallas Federal Reserve economists Lutz Kilian, Michael Plante, and Alexander W. Richter have developed a model to estimate the overall net effect of various influences.
They found that, compared to the periods of Middle Eastern supply disruptions in the 1970s and 1980s, the U.S. economy is now much more resilient to oil price fluctuations.
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