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There are multiple reasons to suggest that the US is in a state of decline as an empire. A widening wealth gap. Ongoing cultural issues including racism, violent crime, and drug addiction. Failing infrastructure. And - perhaps worst of all - partisan politics that completely gridlock effective governing. However, for all the problems, and despite its many ...
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Crude oil’s geopolitical risk premium has vanished from the market as fast as it appeared, as the initial fear of a wider Middle East conflict faded. With Israel and Iran stepping back from direct conflict, volatility has dropped back to multiyear lows and the skew has flipped back to favoring puts, as focus returns to the usual suspects: interest rates, ...