Bloody Monday indeed...
Oil PLUMMETS as Dow Jones falls 1,175 points in huge plunge | City & Business | Finance | Express.co.uk
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Last edited by Monseratto; February 6th, 2018 at 08:20 AM.
Dow loses all gains for 2018...
Yep, a correction is indeed overdue... bigly.
1600 pts was the lowest of the session
Dow turns negative for 218 in brutal stock-market rout - MarketWatch
Last edited by Monseratto; February 6th, 2018 at 08:29 AM.
Finally, I've been waiting for this day to come for a while now. Muahahahaha!
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Nikkei following Dows lead...
Nikkei 225
6 Feb, 11:35 AM GMT+9
21,487.87
Down -1,194.21
Down -(5.26%)
The Nikkei is getting destroyed - Business Insider
Last edited by Monseratto; February 6th, 2018 at 12:14 PM.
BREAKING: Dow futures continue sliding, point to 1,000+ point drop when Dow opens tomorrow![]()
"When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!"
The man has such a way with words.
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Stay hungry. Stay humble.
The US has to run a trade deficit with the rest of the world
That's the consequence of owning the world's reserve currency
The US needs to run a trade deficit to supply the world with dollars
the US has to buy more stuff from the rest of the world than the rest of the world buys from the US
para may dollars ang mundo
trade surplus ng ibang bansa = dollar reserves
di pwede walang dollar reserves
kung nasunod ang gusto ni Trump na walang trade deficit ang US, na walang trade surplus ang ibang bansa
magkakaroon ng shortage of dollars ang mundo
Last edited by uls; March 6th, 2018 at 12:47 PM.
inward-looking, protectionist, isolationist Trump
appealing to his political base
his ideology will only accelerate the decline of the US as world's #1 power and the dollar as the world's reserve currency
the rest of the world will just trade with each other minus the US
the rest of the world will adjust and adapt
figure out how to trade without using USD
Let's throw in an interest rate hike into the mix para masaya
Saying economy is strengthening, Fed’s Powell suggests faster pace of interest rate hikes
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Stay hungry. Stay humble.
probability of Fed rate hike this month above 90%
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going forward, if Trump's tariffs happen and a trade war follows, it would slow down the US economy
that will make the Fed less aggressive on rate hikes
which is why the dollar is under pressure now
dollar index below 89.50
Speaking of FX - guess whose economy is looking green
Japan Q4 GDP growth revised up, driven by capex gains, Economy News & Top Stories - The Straits Times
Gonna be fun to watch Japan deal with this
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Stay hungry. Stay humble.
I laugh a little when I think about it.
Economy is strong - let's stop easing
But wait it could also strengthen the yen - car makers will get pissed - let's maintain
But all this liquidity is getting uncomfortable - let's up rates
But wait, gai jins are buying up yen as safe haven - I give up. I quit.
Hehe saya.
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Stay hungry. Stay humble.