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Global US-Dollar Shortage - Are We Already in a Recession?
- Thread starter Byebye Penis
- Start date
Tiagong， sgd is world 11st most powerful currency de woh
People’s Bank of China had instructed state-owned banks to buy yuan and sell dollars in the open market, to support the Chinese currency.
https://www.nasdaq.com/articles/chi...rs-for-yuan-to-stabilise-currency-sources-say
https://www.reuters.com/markets/cur...s-four-month-low-state-banks-step-2024-03-22/
https://www.nasdaq.com/articles/chi...rs-for-yuan-to-stabilise-currency-sources-say
https://www.reuters.com/markets/cur...s-four-month-low-state-banks-step-2024-03-22/
Jerome Powell says interest rate cuts will do nothing for U.S. economy
https://www.msn.com/en-us/money/mar...s-will-do-nothing-for-u-s-economy/ar-BB1kNheR
Turkey inflation at 67% and Turkey Lira near All-Time low
Liquidity Dries Up: China's Foreign Direct Investment at 23 years low
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.
Unless u believe in the Illuminati and New World Order, I don't think so, unless Russia wants to rain on the POTUS election
They are hoarding Gold at God SpeedTurkey inflation at 67% and Turkey Lira near All-Time low
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.
The maps says a lot about Russia.
Historically, Russia invades her neighbours. It is in their blood; ain't they the largest country in the world
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.
Japanese are very pleased with their newfound competitiveness
Look at Nikkei
Look at Nikkei
China Maintains Yuan Defense After Currency Nears Red Line
https://www.msn.com/en-us/money/mar...nse-after-currency-nears-red-line/ar-BB1lewWb
https://apnews.com/article/china-us...trial-policy-ab1b8fbef365352096492206e532c7c6
Tiongkok and Murika are not shooting each other for trade protectionism....
Keyword is "No decouple" and "Overcapacity"
Tiongkok and Murika are not shooting each other for trade protectionism....
Keyword is "No decouple" and "Overcapacity"
Federal Reserve officials at their March meeting expressed concern that inflation wasn’t moving lower quickly enough
https://www.cnbc.com/2024/04/10/fed-meeting-minutes-point-to-caution-on-inflation.html
https://www.cnbc.com/2024/04/10/fed-meeting-minutes-point-to-caution-on-inflation.html
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