Posts Tagged ‘US Dollar’
The Metric is Flawed
It’s an often-overlooked point: currency devaluation makes reported economic data appear better than it really is. Stated differently, when the measuring stick or metric used to measure anything is changed, reported data changes by virtue of a changing metric regardless of the actual data. Let me give you an example that I…
Read MoreUS 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 MoreHave You Heard of Unicoin?
It’s as unsettling as it is interesting. As I have been observing from time to time in “Portfolio Watch”, there are currency changes taking place around the world. As I noted last week, citing an article from Michael Maharrey, the move away from the US Dollar worldwide is accelerating, with China and…
Read MoreDebt Truths
A seldom-discussed topic that has a significant economic impact is private sector debt levels. Ever since 1971, when the US Dollar became a fiat currency, and new currency has been created by loaning it into existence. If banks have a 10% reserve requirement, a $100,000 deposit into a bank can be transformed into…
Read MoreAre the Saudis Ready to Ditch the Dollar?
For several years now, I have been writing about the ultimate consequences of the considerable devaluation of the US Dollar. Over the past couple of years or so, every American has felt the effects of this dollar devaluation first-hand as consumer price inflation has driven the price of nearly every necessity higher. But…
Read MoreWelcome to 2023 and the US Dollar Losing Favor
This week, I want to highlight some of the currency shifts that are taking place presently. Not surprisingly, the Chinese Yuan is gaining favor around the world at the expense of the US Dollar. This from Alex Kimani (Source: https://oilprice.com/Energy/Energy-General/Why-We-Shouldnt-Underestimate-Chinas-Petro-Yuan-Ambitions.html): The de-dollarization of the global oil industry is in a treacherous mission creep phase.…
Read MoreAbout Stocks and Bonds
The stock market highs of November have not yet been taken out and my long-term trend-following indicators continue to become more bearish. At this point, a “Santa” rally looks less likely especially given the Fed’s recent statements about accelerating the taper or slowing the rate of currency creation. As the longer-term readers of…
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