> Some economists are calling this stable period the calm before the exchange-rate storm
***********************
The price move of around 10% this year is small compared to during the 2008 crisis: EURUSD fluctuated between 1.60 and 1.23, AUDUSD ~0.985 and 0.60, huge downtrend, GBPUSD too had a giant move, of 33%.
The main explanation they have is it's coming from the zero or near-zero interest rates, and this could keep the dollar stable but not indefinitely, and they expect the USD to fall fall fall.
> Citigroup says if covid-19 vaccine is widely distributed the USD is likely to drop 20% in 2021
***********************
“Vaccine distribution we believe will check off all of our bear market signposts, allowing the dollar to follow a similar path to that it experienced from the early to mid-2000s”.
Last week after a vaccine announcement, the US stock market saw one of the biggest inflow of money they ever saw.
Of course 2020 fundamentals was very bearish therefore Wall Street was bullish.
Bank of America predicts in 2021 there will be a recovery, bullish fundamentals, therefore let's sell.
Strategists have been positing for months that the U.S. election, vaccine breakthroughs and Federal Reserve policy could deal a serious blow to the currency. The election wasn’t ultimately the catalyst for a significant plunge, but Citigroup says the broad macroeconomic backdrop will be a bigger driver of the dollar going forward.
Citigroup sees a much bigger drop of the USD than other analysts, not sure they looked at the MZM and other things. Say Biden gets elected, he now plans on going forward with the green new deal? Senate will block it, but they won't block everything and the progressives might pass some changes without the senate or finding an agreement with them. I have never seen anyone look at the numbers (it's beyond belief) but there are scenarios where I could guarentee hyperinflation.
> Let the shilling begin "Bitcoin could pass $300K by December 2021" - Citibank analyst
***********************
Bitcoin has made yet another high, it is close to $17000 now. My only regret is not buying more.
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
He drew lines on charts, gold and bitcoin, and did TA (also known as wishful thinking) to project Bitcoin reaching $300,000.
When the calls for 1 million arrive you know a top is probably not far so I am ready to exit. Might happen this week?
> Governments (& banks) passing reforms during lockdown and preparing for CO2 restrictions
***********************
Reforms, in particular ones that were being met with great hostility, are being passed by politicians that are taking advantage of the lockdown they imposed.
They are also preparing their great resets, with banks in particular laying out plans for things such as "CO2 risk" and climate regulations.
The FED for the first time has included "climate risks" in its financial stability report, I have not read it, not sure what they put in there.
My own assessment (and I will be proven right as usual) includes 2 things: More moss on streets, they will be covered, and an explosion of animal populations, in particular brace yourselves for having 1 more animal roaming around in cities and destroying properties in top of cockroaches, rats & pigeons: wild boars.
> RBA cuts rates slightly, violent reaction, but not enough to change the trend, starts QE too
***********************
I do not know if it matters or not.
Anyway that's it! For the first time Australia is getting into QE.
Effectively the government is printing money, same thousands of years old story.
Back in ancient times governments that did this ended up being brought to justice but people are not as smart anymore (but they sure think they are and even more, much more smart than these "primitive idiots"... delusional).
> Biggest free trade deal ever among fifteen Asia Pacific Nations signed: USA excluded
***********************
Buh Bye. The world largest trading block has been created, it will include around 1/3 of the world economy.
"Communist" China is really loving free markets.
This + Silk Road. Who even needs the US?
I can see in real time sanctions and the weight of the USD evaporating.
Of course, US media silent on the subject, and american population as ignorant as ever.
***********************
The price move of around 10% this year is small compared to during the 2008 crisis: EURUSD fluctuated between 1.60 and 1.23, AUDUSD ~0.985 and 0.60, huge downtrend, GBPUSD too had a giant move, of 33%.
The main explanation they have is it's coming from the zero or near-zero interest rates, and this could keep the dollar stable but not indefinitely, and they expect the USD to fall fall fall.
> Citigroup says if covid-19 vaccine is widely distributed the USD is likely to drop 20% in 2021
***********************
“Vaccine distribution we believe will check off all of our bear market signposts, allowing the dollar to follow a similar path to that it experienced from the early to mid-2000s”.
Last week after a vaccine announcement, the US stock market saw one of the biggest inflow of money they ever saw.
Of course 2020 fundamentals was very bearish therefore Wall Street was bullish.
Bank of America predicts in 2021 there will be a recovery, bullish fundamentals, therefore let's sell.
Strategists have been positing for months that the U.S. election, vaccine breakthroughs and Federal Reserve policy could deal a serious blow to the currency. The election wasn’t ultimately the catalyst for a significant plunge, but Citigroup says the broad macroeconomic backdrop will be a bigger driver of the dollar going forward.
Citigroup sees a much bigger drop of the USD than other analysts, not sure they looked at the MZM and other things. Say Biden gets elected, he now plans on going forward with the green new deal? Senate will block it, but they won't block everything and the progressives might pass some changes without the senate or finding an agreement with them. I have never seen anyone look at the numbers (it's beyond belief) but there are scenarios where I could guarentee hyperinflation.
> Let the shilling begin "Bitcoin could pass $300K by December 2021" - Citibank analyst
***********************
Bitcoin has made yet another high, it is close to $17000 now. My only regret is not buying more.
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
He drew lines on charts, gold and bitcoin, and did TA (also known as wishful thinking) to project Bitcoin reaching $300,000.
When the calls for 1 million arrive you know a top is probably not far so I am ready to exit. Might happen this week?
> Governments (& banks) passing reforms during lockdown and preparing for CO2 restrictions
***********************
Reforms, in particular ones that were being met with great hostility, are being passed by politicians that are taking advantage of the lockdown they imposed.
They are also preparing their great resets, with banks in particular laying out plans for things such as "CO2 risk" and climate regulations.
The FED for the first time has included "climate risks" in its financial stability report, I have not read it, not sure what they put in there.
My own assessment (and I will be proven right as usual) includes 2 things: More moss on streets, they will be covered, and an explosion of animal populations, in particular brace yourselves for having 1 more animal roaming around in cities and destroying properties in top of cockroaches, rats & pigeons: wild boars.
> RBA cuts rates slightly, violent reaction, but not enough to change the trend, starts QE too
***********************
I do not know if it matters or not.
Anyway that's it! For the first time Australia is getting into QE.
Effectively the government is printing money, same thousands of years old story.
Back in ancient times governments that did this ended up being brought to justice but people are not as smart anymore (but they sure think they are and even more, much more smart than these "primitive idiots"... delusional).
> Biggest free trade deal ever among fifteen Asia Pacific Nations signed: USA excluded
***********************
Buh Bye. The world largest trading block has been created, it will include around 1/3 of the world economy.
"Communist" China is really loving free markets.
This + Silk Road. Who even needs the US?
I can see in real time sanctions and the weight of the USD evaporating.
Of course, US media silent on the subject, and american population as ignorant as ever.