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My thoughts on why the US Dollar will soon loose its status as a reserve currency and just a couple of the huge consequences
#usd #usdollar #economy #trade #china #currency #gold #inflation #HardLessons #LivingWage
#usd #usdollar #economy #trade #china #currency #gold #inflation #HardLessons #LivingWage
I delved into global macro economics in the late 1990's and invested in the 2000-2010 commodity boom in large part based on my belief in China's and India's economy booming and their demand growth taking off. The resource bear market looked to be ending & US tech was overvalued
Today's global marco picture seems very similar but with some distinct differences. The Nasdaq QQQ seems even more grossly overvalued to me than it was in 2000 along with SPX. Interest rates have been cut to nothing already and quantitative easing is now a well established tool
It took me awhile to realize, but people pay to get rid of unsexy and boring chores off their plate.
People pay for JIRA cos they hate chasing up people and tracking progress, they pay for Xero cos balancing ledgers sucks and they pay for Stripe cos dealing with banks and payment gateways is a nightmare.
And nobody gonna give you an extra dime just because you built it on React or used CSS grids or Service Workers.
