"If Russia was moving toward a gold-for-oil arrangement as Zoltan hypothesized, you'd expect to see 3 key reactions fr the US govt"

 From Luke Gromen:

If Russia was moving toward a gold-for-oil arrangement as Zoltan hypothesized, you'd expect to see 3 key reactions fr the US govt:

1. Support a war on Russia's border

2. Fastest rate hikes in 40 yrs, seemingly trying "break" the world by doing so

3. Fastest SPR drain in 40 yrs pic.twitter.com/mchX7QD2s2

— Luke Gromen (@LukeGromen) December 6, 2022

HT: Doomberg

Earlier today: 

Credit Suisse's Zoltan Pozsar on Oil, Gold, and LCLo(SP)R