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Global US-Dollar Shortage - Are We Already in a Recession?

Byebye Penis

Alfrescian
Loyal

Turkey inflation at 67% and Turkey Lira near All-Time low​


GKBtVHbXQAAYrLQ
 

knowwhatyouwantinlife

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I think China's economy, non property sector esp, will rebound soon. With high ir in US, consumers and manufacturers will definitely be seeking lower cost goods to purchase, and with only 2 rises worth 50 basis points left for the FED, matter of time they will cut IR...simplistic thinking
 

Byebye Penis

Alfrescian
Loyal
I think China's economy, non property sector esp, will rebound soon. With high ir in US, consumers and manufacturers will definitely be seeking lower cost goods to purchase, and with only 2 rises worth 50 basis points left for the FED, matter of time they will cut IR...simplistic thinking
Analysts project 0.75% (2-3 cuts) for 2024 but inflation is getting higher - oil and industrial metal prices strengthening. Russia's military factories are also more productive now with ample processed steel supply from China lately. I fear that all these hints that Russia will invade Moldova, Poland and Baltic states soon.
 

knowwhatyouwantinlife

Alfrescian
Loyal
Analysts project 0.75% (2-3 cuts) for 2024 but inflation is getting higher - oil and industrial metal prices strengthening. Russia's military factories are also more productive now with ample processed steel supply from China lately. I fear that all these hints that Russia will invade Moldova, Poland and Baltic states soon.
Unless u believe in the Illuminati and New World Order, I don't think so, unless Russia wants to rain on the POTUS election
 

k1976

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Turkey inflation at 67% and Turkey Lira near All-Time low​


GKBtVHbXQAAYrLQ
They are hoarding Gold at God Speed

https://www.google.com/amp/s/amp.cnn.com/cnn/2024/03/20/business/turkey-inflation-gold-dollar-stocks
Istanbul/LondonCNN —
Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men are packed together, shouting, waving, and frantically speaking on their phones, others nervously pacing.

This “standing market” — a low-rent version of a chaotic stock exchange floor — is where Istanbul’s traders come to deal in precious metals and currencies. These days it’s dollars and gold they’re after. Turkish lira, not so much.

“Right now our money is almost worthless. Since people haven’t seen inflation fall, they don’t trust the Turkish lira anymore,” explained Adnan Kapukaya, a trader and market expert.
 

Byebye Penis

Alfrescian
Loyal
They are hoarding Gold at God Speed

https://www.google.com/amp/s/amp.cnn.com/cnn/2024/03/20/business/turkey-inflation-gold-dollar-stocks
Istanbul/LondonCNN —
Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men are packed together, shouting, waving, and frantically speaking on their phones, others nervously pacing.

This “standing market” — a low-rent version of a chaotic stock exchange floor — is where Istanbul’s traders come to deal in precious metals and currencies. These days it’s dollars and gold they’re after. Turkish lira, not so much.

“Right now our money is almost worthless. Since people haven’t seen inflation fall, they don’t trust the Turkish lira anymore,” explained Adnan Kapukaya, a trader and market expert.
cryptos also saved a lot of people.

Cryptos have generated so much new wealth out of thin air, that they effectively bailed out many in the past decade.
 
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