Germany Unveils a $93 Billion Spending Plan to Ease Energy Prices
The spending plan would be paid for by a larger 200 billion euro package that was announced last month.
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The spending plan would be paid for by a larger 200 billion euro package that was announced last month.
The Japanese government spent $20 billion last month to aid the declining yen, but the currency is back where it was before the intervention.
Russian oil shipments sent to Europe are down 60%, according to Bloomberg. Overall crude oil shipments were higher for the four weeks ending Oct. 7.
Bond vigilantes are already on the loose in the US, according to Ed Yardeni, who coined the term in the 1980s.
"The more tools consumers have in their oil market intervention toolbox - the harder it becomes for OPEC to maintain price and political leverage."