Well, Gold doesn't even get a decent 'flight to quality' bid any more when something disastrous or disturbing happens.
NYT: Trump’s Trade War Is Rattling China’s Leaders
- Thread starter bone
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Well, Gold doesn't even get a decent 'flight to quality' bid any more when something disastrous or disturbing happens.
Struggling to think.. what is that place that is a larger economy than the US... E something.
What will happen is the US will diminish itself, it will still be there however a lot of the strings will get cut. US productivity is demographically buggered over the next 20 years.
AI is of course a new upcoming force that is really going to disrupt massively, so it is getting harder to use the past as a guide.
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I am not an FX guy by any stretch of the imagination - but if someone put a gun to my head I'd buy Swiss Francs over Euro any day of the week and twice on Sundays. The ECU has been creating too many self-inflicted wounds the past decade or so with profound long term consequences.
Importers snap up cheap U.S. soybeans as China stops buying
https://www.reuters.com/article/us-...-soybeans-as-china-stops-buying-idUSKBN1K21IB
"The price gap has sparked a run on U.S. soybeans by importers from Mexico to Pakistan to Thailand, according to the analysis of U.S. Agriculture Department data.
Even as China has retreated, all importers’ advanced purchases of the next U.S. soybean crop shot up 127 percent through June, at 8 million tonnes, compared to the same period last year, the analysis showed."
"Even Brazil, the world’s top soybean exporter, is prepping for major purchases of U.S. soybeans to feed its domestic processors as it diverts more of its own crops to China at premium prices, according to exporters association Anec. Brazil may import up to 1 million tonnes of U.S. soybeans, with purchases likely ramping up in October, said Anec representative Lucas Trindade.
Brazilian soy bean processors, which turn the crop into cooking oil and animal feed, normally have no need for U.S. soybeans. But soon it may be cheaper for them to import beans grown thousands of miles away in the U.S. Midwest than to buy local crops."
https://www.reuters.com/article/us-...-soybeans-as-china-stops-buying-idUSKBN1K21IB
"The price gap has sparked a run on U.S. soybeans by importers from Mexico to Pakistan to Thailand, according to the analysis of U.S. Agriculture Department data.
Even as China has retreated, all importers’ advanced purchases of the next U.S. soybean crop shot up 127 percent through June, at 8 million tonnes, compared to the same period last year, the analysis showed."
"Even Brazil, the world’s top soybean exporter, is prepping for major purchases of U.S. soybeans to feed its domestic processors as it diverts more of its own crops to China at premium prices, according to exporters association Anec. Brazil may import up to 1 million tonnes of U.S. soybeans, with purchases likely ramping up in October, said Anec representative Lucas Trindade.
Brazilian soy bean processors, which turn the crop into cooking oil and animal feed, normally have no need for U.S. soybeans. But soon it may be cheaper for them to import beans grown thousands of miles away in the U.S. Midwest than to buy local crops."
Struggling to think.. what is that place that is a larger economy than the US... E something.
The EU is not likely to survive whenever the next major financial calamity hits. It barely survived the Greece debacle a few years ago. When the shit hits the fan, the southern EU nations are not going to stay in and be subjected to years of depression if they need to reflate their economies to survive.
Wrong. When the 2008/2009 crisis hit it hurt the US far more then a good chunk of the planet. Only certain European countries took a much harder hit. Canada actually was in far better shape then the US when shit hit the fan. The US economy has improved since 2009 but several major negatives still exist ( like health care costs ) and the federal debt is massively higher now then 2008. It is a mistake to think today's US is in a good position to weather a full out trade war. In fact, the US recovery ( and stock market rally ) was on the backs of large international firms with growing sales overseas.
As crazy as this sounds, the rest of the world has one clear option ready to go to fight US dollar domination. Bitcoin.
Not saying it will happen, but it is logistically ready to be the world's reserve currency if enough people just up and adopted it overnight.
The US is in a stronger position than China or Europe, its two main economic competitors and that is what matters.
There's that pesky 21 million mining limit and that fungibility complication. Plus I can't see the Fed, the ECB, or the People's Bank of China caving in to accommodate crypto fungibility on par with other sovereign assets and currencies. Central Banks are control freaks.
I'll agree with Bone on this, crypto is not the future, except for crypto that is basically just Fiat.