Open: London Session | Forex, Metals, Oil, Agriculture July 15, 2021



Any significant future increase can come only from policy intervention relating to crop diversification from rice and wheat.


The Australian dollar was marginally softer at $0.7474.


US crude settled down $2.12 at $73.13 a barrel.US gold futures settled up 0.8 per cent at $1,825 an ounce.

United States

less The Wall Street cheerleaders extol the virtues of “getting America back to work” which is Wall-Street-speak for getting back to exploiting workers to maximize corporate profits. The following graphic is how we actually experience a change in inflation over time: Economists at the Fed know this. But the Fed is currently saying that that 5% rate of change will be temporary. This is a significant communication problem that discredits what the Fed is trying to achieve.
He is regularly cited in the Wall Street Journal, on CNBC and in the Financial Times.