The petro banks are keeping the dollar buoyant, keeping oil lower cost as long as the marginal Texas frackers can live with it.
Looks like a taxing time are the Fed:
Absent Congress raising taxes the missing taxes are coming from the Fed as the ten year rate rises.
It is touch and go as Biden continues to drive the deficit higher. At some time the Fed will run out of markets to tax and there is no time for a tax fix.
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