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CFR fellow Brad Setser has stated that the glory days of the petrodollar are over. Mike Shedlock highlights this perspective, referencing Setser's analysis on the current state and historical influence of the petrodollar system.
The discussion challenges the narrative around the petrodollar's continuing power and points to shifting dynamics in global finance.
Shedlock has previously highlighted growing inflation concerns reflected in the U.S. bond market, focusing on the 30-year bond in a recent article. He has also noted volatility in long-term bond yields as markets reacted to Trump-related Iran news, according to a separate report. These issues have been central to recent commentary on shifting trends in global finance.