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Mike Shedlock, author / blogger at MishTalk, highlights a sharp drop in long-term bond yields alongside a surge in gold prices, attributing these moves to actions by the U.S. Treasury that impact bond yields.
He also raises questions about potential market manipulation in other sectors, such as diesel crack spreads.
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Shedlock has previously critiqued the petrodollar theory, referencing economist Brad Setser's assessment of its foundations in a recent article. He also reported that offshore U.S. dollar holdings have surpassed $14 trillion, while dismissing expectations for widespread de-dollarization or RMB replacement in a separate post. These reports reflect his ongoing commentary on major macroeconomic themes.