1. Joe Biden will assume the office of US Presidency on 20 Jan 2021 and this will be the most closely watched event as his presidential speech will move the world around.
2. History will repeat itself and highly likely Biden's economic policies will mirror Clintonomic (20 Jan 2021 - 20 Jan 2001).
3. During this period, US currency was trading astronomically bullish against major currencies.
4. As oil price is negatively correlated to US currency so during this period it was a slowing moving object but the most major factor was due to lack of geopolitical risk as Clinton was not interested in missile warhead and he was famously said that "it is the economy, stxxxd..."
5. If history were to repeat itself again, Biden will press down the oil price, cold start US economy, push up US currency and US stock market.
6. US will be back to the open door policy and back to the central of the world stage one more time and may see the sudden end of US-China cold war (military and trade as Clintonomic will cut military budget and save the money for local economy and weather protection) and a strong US economy will need to buy more cost effective manufactured goods from China and China will in turn be buying more US bond and that will help to propel US dollar to higher level.
https://www.investopedia.com/terms/c/clintonomics.asp
2. History will repeat itself and highly likely Biden's economic policies will mirror Clintonomic (20 Jan 2021 - 20 Jan 2001).
3. During this period, US currency was trading astronomically bullish against major currencies.
4. As oil price is negatively correlated to US currency so during this period it was a slowing moving object but the most major factor was due to lack of geopolitical risk as Clinton was not interested in missile warhead and he was famously said that "it is the economy, stxxxd..."
5. If history were to repeat itself again, Biden will press down the oil price, cold start US economy, push up US currency and US stock market.
6. US will be back to the open door policy and back to the central of the world stage one more time and may see the sudden end of US-China cold war (military and trade as Clintonomic will cut military budget and save the money for local economy and weather protection) and a strong US economy will need to buy more cost effective manufactured goods from China and China will in turn be buying more US bond and that will help to propel US dollar to higher level.
https://www.investopedia.com/terms/c/clintonomics.asp
Comment:
Comment:
Within the next 20 years no country in the world has the capability to challenge the leading status of US currency as it is backed by the most advanced technology and the most sophisticated monetary system in the world. China GDP per capita amounted to USD9,770.85 (United States USD62,794.59) so this figure is telling the naked fact that China actually still not a rich country. Another word, China still not producing enough GPD per capita to sustain its own internal consumption so in nowhere Renminbi can be used as the world's reserve currency. Euro for obvious reason will not last long as cartel agreement will never work in real world unless they can do away with self interest for the benefit of common interest. American will be replaced by Chinese was simply a fake story invented by Trump to win vote as no economic evidence can prove that China has the financial capability to challenge US.
1. Continue to raise rates as the economy recovers, sticking with the target inflation rate of 2%
2. Continue to reduce the Fed’s balance sheet, aiming to take it from $4.5 trillion to $2.5-3 trillion over the next three to four years by letting bonds expire
3. The dollar would likely strengthen in response to any rate rises.
4. US shares and indices could be strengthened by any hint that Powell is deregulating financial services, as this could increase the availability of credit for businesses.
5. Commodity prices in general would likely fall in response to any rate rises – in part because of the stronger dollar.
6. Bond prices are likely to fall if Powell pursues higher interest rates and continues Yellen’s plan to reduce the Fed’s balance sheet, as this could increase the supply of bonds on the market.
www.ig.com/au/jerome...the-new-fed-chairman