Concern As River Near Yellowstone National Park Starts Boiling

Last month the Shoshone River, near Yellowstone National Park, suddenly and without warning started boiling. The river changed color and started to emit a sulfuric odor on March 25th. Geologists and other experts believe that a portion of the river located near Cody, Wyoming had started to boil and that a new Yellowstone vent opened up. The boiling river has cooled down, at least for now. However, earthquake activity in and around the Yellowstone supervolcano is reportedly increasing.

Oil Surges As Dollar Tumbles To June Lows; Financial Conditions "Easiest" Since Last Summer

Oil Surges As Dollar Tumbles To June Lows; Financial Conditions "Easiest" Since Last Summer

Whether or not there was a secret "Shanghai Accord" to push the dollar lower, the outcome has been clear: moments ago, the USD as measured by the Bloomberg Dollar spot index just dropped to the lowest level since June 22, long before the Fed commenced its rate hikes, indicating that the market is, at least for now, convinced that the Fed is "one and done" and that Eric Rosengren's warning that rate hikes will accelerate from here is nothing but a hollow threat.

 

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