All will rejoice when the dollar again....

The election is distracting everyone from the real things going on in the world. The oil market right now is a wee bit frightening. Record levels of oil - otherwise known as "the glut" didn't matter when the dollar was weakening from January to May. During that time the price of a barrel of oil increased about 40%.

Around the beginning of July the dollar reversed and is now getting quite strong again putting pressure on everything. Oil is bought in petrodollars, and when the dollar goes up - other countries can not buy as much of it. Or if they do it takes more of their resources to do so. A strong dollar also makes it harder for US exports. That means our companies sell less. Rinse lather repeat.

So - the dollar gets strong which makes the price of oil go down. A lot of drillers that were holding onto their fingernails won't make it. I read a couple of days ago that a record 23% of high yield energy bonds were under threat of defaulting. That is a lot of percent.

With the way the world looks - no one can predict how strong the dollar will get because no one can predict how horrible the economies of the rest of the world will get.