US Dollar, the Fed, China and Asia
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armchairlawyer
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US Dollar, the Fed, China and Asia
Hedgeye.com has just concluded a series of 9 hour long videos from some excellent financial commentators. They are all free to view on their website (required to register with email). Look for the Investing Summit.
The one with Jeff Snyder looked at China and the role of USD in Asia, see from 10:26.
Basically, China has decided not to artificially stimulate growth due to the problems that that has created in the past.
That will create a deceleration in growth for the rest of the world, with particularly pronounced effects in the rest of Asia.
That means the recurring dollar shortage problem will resurface.
The Fed has no intention of doing much about this because they say the USD is "our currency and your problem".
So, the USD will soon begin to resume its long-term rise (may take up to 3 months for this to happen). This will impact Asia hard.
Lots more of interest in the video.
The one with Jeff Snyder looked at China and the role of USD in Asia, see from 10:26.
Basically, China has decided not to artificially stimulate growth due to the problems that that has created in the past.
That will create a deceleration in growth for the rest of the world, with particularly pronounced effects in the rest of Asia.
That means the recurring dollar shortage problem will resurface.
The Fed has no intention of doing much about this because they say the USD is "our currency and your problem".
So, the USD will soon begin to resume its long-term rise (may take up to 3 months for this to happen). This will impact Asia hard.
Lots more of interest in the video.
Re: US Dollar, the Fed, China and Asia
I am waiting for the day when an ounce of US Dollars will be worth more than an ounce of gold.
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Apollo91881
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Re: US Dollar, the Fed, China and Asia
I'll put the green backs on something else.
“Gold … has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end” — Buffett, letter to shareholders, 2011
“Gold … has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end” — Buffett, letter to shareholders, 2011
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Clutch Cargo
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Re: US Dollar, the Fed, China and Asia
^^
Buffett has been quite negative to gold. Then again, so it was that he once said he would never invest in airlines...but he did later so maybe it depends..
Buffett has been quite negative to gold. Then again, so it was that he once said he would never invest in airlines...but he did later so maybe it depends..
Re: US Dollar, the Fed, China and Asia
^^
Gold has been way too high for way too long. It has to go down at some point, and if the USD goes up, gold goes down, in general. I hope it happens because I want some pretty gold coins, but yeah, outside of electrical contacts and jewelry it doesn't have much use. Maybe excellent as a paperweight because it is much denser than lead.
Gold has been way too high for way too long. It has to go down at some point, and if the USD goes up, gold goes down, in general. I hope it happens because I want some pretty gold coins, but yeah, outside of electrical contacts and jewelry it doesn't have much use. Maybe excellent as a paperweight because it is much denser than lead.
Re: US Dollar, the Fed, China and Asia
Sounds like great news to me.armchairlawyer wrote: ↑Fri Mar 19, 2021 1:16 pm Hedgeye.com has just concluded a series of 9 hour long videos from some excellent financial commentators. They are all free to view on their website (required to register with email). Look for the Investing Summit.
The one with Jeff Snyder looked at China and the role of USD in Asia, see from 10:26.
Basically, China has decided not to artificially stimulate growth due to the problems that that has created in the past.
That will create a deceleration in growth for the rest of the world, with particularly pronounced effects in the rest of Asia.
That means the recurring dollar shortage problem will resurface.
The Fed has no intention of doing much about this because they say the USD is "our currency and your problem".
So, the USD will soon begin to resume its long-term rise (may take up to 3 months for this to happen). This will impact Asia hard.
Lots more of interest in the video.
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