Posts Tagged ‘reserve currency’
US Dollar Weakness Continues
The evidence that the US Dollar is continuing to weaken globally continues to grow by the day. “Nikkei Asia” reported that the Chinese currency has now outpaced the US Dollar in Chinese cross-border transactions. Here is an excerpt (emphasis added) (Source: https://asia.nikkei.com/Business/Markets/Currencies/Yuan-exceeds-dollar-in-China-s-bilateral-trade-for-first-time): The yuan was used in 49% of China’s cross-border transactions last quarter,…
Read MoreHow the Dollar Could Lose Reserve Status Quickly
Last week, I commented on the deal to increase the debt ceiling, offering my take that the Federal Reserve will be forced to fund the majority of future deficit spending, culminating at some point with an ugly economic reset. Part of what I believe is eventually coming is the displacement of the US Dollar as…
Read MoreMore on De-Dollarization
On these pages each week, I often comment on Federal Reserve policy and the effect that it will have on the economy and the markets. The current tightening policy of the Fed, required as a result of the prior easy money policies of the Fed in order to contain inflation, is now the…
Read MoreAre Currency Changes Imminent? – Part 1
Despite the ever-so-slight rally in stocks this week, I view the primary stock market trend as down. Unless the market highs of the end of 2021 are exceeded, this will be the case. This week, I want to discuss an event that has not been covered extensively so far as I can tell. …
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