The European situation is getting to be truly serious. And that means growing problems for...the dollar. Not the exchange value against other currencies, rather why that exchange value is rising and how trouble in Europe means trouble in global money. European banks have been back in a big way at the black hole's center. 

Eurodollar University's Money & Macro Analysis

President Ford Economic Report to Congress 1975
https://www.presidency.ucsb.edu/sites/default/files/books/presidential-documents-archive-guidebook/the-economic-report-of-the-president-truman-1947-obama-2017/1975.pdf

ECB Financial Stability Review
https://www.ecb.europa.eu/pub/pdf/fsr/ecb.fsr202411~dd60fc02c3.en.pdf

ECB Euro area banks as intermediators of US dollar liquidity via repo and FX swap markets
https://www.ecb.europa.eu/press/financial-stability-publications/fsr/focus/2024/html/ecb.fsrbox202411_04~9a4d04b582.en.html

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU