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Congressi trolls who know nothing about Economy,are giving gyaan on #Dollar& #Rupee
Yes Rupee hit 77.40 to a Dollar,but,but..
Every major currency has hit lows against Dollar
China's Yuan hit 2yr low@ 6.7 to $
Euro hit 5yr low@ 1.04 to a $
#DollarIndex hit 20yr high at 104.07
Yes Rupee hit 77.40 to a Dollar,but,but..
Every major currency has hit lows against Dollar
China's Yuan hit 2yr low@ 6.7 to $
Euro hit 5yr low@ 1.04 to a $
#DollarIndex hit 20yr high at 104.07
Some Business News anchors are saying Rupee has fallen against Dollar because our monthly #TradeDeficit is hitting $20bn&our Current Account Deficit(CAD),will be 3%
Well,$20bn a month Trade Deficit is no big deal for us,given that our Goods+Services Exports are a massive $670bn
Well,$20bn a month Trade Deficit is no big deal for us,given that our Goods+Services Exports are a massive $670bn
2.5-3% CAD for an economy growing at average of 7.5-9.5% is not a big deal either
In fact,in last 8yrs,average CAD under @narendramodi govt has been sub 2%,so we have enough leeway on that count
Why then are major Currencies falling against Dollar?
Well,reason is,Fed Rate Hike
In fact,in last 8yrs,average CAD under @narendramodi govt has been sub 2%,so we have enough leeway on that count
Why then are major Currencies falling against Dollar?
Well,reason is,Fed Rate Hike
Important court ruling with wide-ranging implications for the future #Chineseculture #workersrights @NewsHour @NPR
@WSJ @BBCBreaking @AP
@WSJ @BBCBreaking @AP
Also: @washingtonweek tonight
#WashWeekPBS 8/7c @PBS
@JaneFerguson5 discussing the situation in #afghanistan
#WashWeekPBS 8/7c @PBS
@JaneFerguson5 discussing the situation in #afghanistan
Beyond immediate inflationary pressure and quarterly corporate profits abroad, the counterintuitive shift strengthens producers leverage in the supply-chain as well as creating potential trade/socio-economic instability #uncertainty #Fed #business #dollarindex
A Take on #USD as reserve currency
#USFED #dollarindex #Dollar #dollarglobal #EURUSD #EURO
The Fed has printed more money out of thin air in just the last couple of months in 2020 than it has for its entire 107-year existence.
#USFED #dollarindex #Dollar #dollarglobal #EURUSD #EURO
The Fed has printed more money out of thin air in just the last couple of months in 2020 than it has for its entire 107-year existence.
Before February 2020 , the Western governments were in debt to an extent where it would have been impossible to repay.
What’s a bigger issue, is the debts that were accumulated before the virus and those debts now have been blown to sky-high proportions
What’s a bigger issue, is the debts that were accumulated before the virus and those debts now have been blown to sky-high proportions
The only way to solve that problem is to default on it outright or to default on it by virtue of an inflationary outcome.
post-2008 financial crisis, the "solution" to the problem was an extension of credit by the banking system.
post-2008 financial crisis, the "solution" to the problem was an extension of credit by the banking system.
So biggest casualty of #Fed warning on #US #economy y'day, was #Gold,which dropped 3% to $1951.90 an ounce,within minutes of #FedMinutes
Silver too fell below $28
Rout was not limited to precious metals--#Nasdaq sold off despite #Apple hitting $2 trillion market cap
#Covid_19
Silver too fell below $28
Rout was not limited to precious metals--#Nasdaq sold off despite #Apple hitting $2 trillion market cap
#Covid_19
#CrudeOil whipsawed in tight range with #WTI at $42.83
#Fed's take on economic downturn was nothing new&yet markets collapsed
Only asset which saw aggressive buying was US #Tbills,with 10 yr #bond #yield@ 0.665% Vs previous close of 0.685%
#Dollar had its best day in 2 months
#Fed's take on economic downturn was nothing new&yet markets collapsed
Only asset which saw aggressive buying was US #Tbills,with 10 yr #bond #yield@ 0.665% Vs previous close of 0.685%
#Dollar had its best day in 2 months
So what does y'day's frenzied buying in #bonds indicate?Is the #RiskOn trade over?
Well,not quite--With $9 trillion of excess global #liquidity sloshing around due to coordinated Central Bank rate cuts,since #Covid_19, equities will move up,albeit with severe bouts of volatility
Well,not quite--With $9 trillion of excess global #liquidity sloshing around due to coordinated Central Bank rate cuts,since #Covid_19, equities will move up,albeit with severe bouts of volatility
