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The volatility involving foreign currencies in recent weeks has caught the attention of not just local investors but also those from Singapore who come across the Causeway to purchase the US dollar and the British pound.
yalor. too much stimulus and ppp loan cash fraudulently grabbed by those who don’t deserve it going around in america. so many kena caught after spending the money on crypto speculation, luxury cars, jewelry, homes, boats, and online purchases. this is the root cause of inflation a year ago, and the treasury continues to print money for more “stimulus” giveaways at the urging of the current admin which is inept at how the economy works.
Japan sold record amount of US treasuries to support Yen. They managed to up yen by almost 10% from lows
However other countries are still running out of cash, yield curve is now flat of inverted in many countries, eg. you put 6-12 month Fixed Deposits, the interest-rate is the same or higher than 24-months
Of course when usd interest rates go up, the days of free lending is gone, so crypto, stock prices will start to go down and borrowers in this sector starts to return their borrowings.
US banks will be flush with cash ready to lend to a new kind of borrowers. Currency speculators. So what shortage are we talking about?