History is repeating itself?
Since 2011 we see the usd in a longlasting and strong Hausse. The US-Market went up with Dax in tow behind. The emerging markets were faced against a very difficult macrooeconomical set because they did hold debts in usd, which are nearly corresponding to a shortposition in the usd. The usd appreciated during the interest rates went up.
1998 we had a rubel-crisis, today the rubel also is tumbling.
1998 we had an Asia-Crisis, today the asian oeconomy also is bad positioned.
1998 GOLD sank deep - today Gold also is hitted and seems weak
One Event makes the history comparable to today:
In August the Asia-Crisis erupted and led to the fact that the russian economy was faced with an credit Default.
For sure, time has changed and the economical Framework is not the same. But fact is also, that the german and us-economy (market) did not got infected of the crisis sustainable. The market made new Highs within the same year!
Since 2011 we see the usd in a longlasting and strong Hausse. The US-Market went up with Dax in tow behind. The emerging markets were faced against a very difficult macrooeconomical set because they did hold debts in usd, which are nearly corresponding to a shortposition in the usd. The usd appreciated during the interest rates went up.
1998 we had a rubel-crisis, today the rubel also is tumbling.
1998 we had an Asia-Crisis, today the asian oeconomy also is bad positioned.
1998 GOLD sank deep - today Gold also is hitted and seems weak
One Event makes the history comparable to today:
In August the Asia-Crisis erupted and led to the fact that the russian economy was faced with an credit Default.
For sure, time has changed and the economical Framework is not the same. But fact is also, that the german and us-economy (market) did not got infected of the crisis sustainable. The market made new Highs within the same year!