World economy talk

[ray_noel]

tanongin mo ang pinoy da best ba ang pinas?

syempre sasabihin "oo naman!"

haha no mystery there

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doon sa pinost mo why don't french and germans think their countries are best?

Maybe it doesnt matter to them?


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[Ry_Tower]

Maybe it doesnt matter to them?


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Enlightened like Will McAvoy

[dcph172]

Anyone seen the supposed credit suisse newsletter? Is it even real?


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[uls]

Anyone seen the supposed credit suisse newsletter? Is it even real?


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yes ung kay Zoltan Poszar

nabasa ko the other day

[uls]

i posted in the New World Order thread that the West seizure/freezing of Russia's forex reserves could change the way the world looks at reserves -- that the money you saved from selling stuff to the West -- the dollars and euros sitting in the hard drives of the Federal Reserve and the European Central Bank -- that money isn't yours... they can take it from you

what they did to Russia would make other countries want to hold real assets inside their borders rather than numbers in foreign central banks

could be the beginning of the end of the existing world monetary order

Zoltan Poszar:

[boybi]

i posted in the New World Order thread that the West seizure/freezing of Russia's forex reserves could change the way the world looks at reserves -- that the money you saved from selling stuff to the West -- the dollars and euros sitting in the hard drives of the Federal Reserve and the European Central Bank -- that money isn't yours... they can take it from you

what they did to Russia would make other countries want to hold real assets inside their borders rather than numbers in foreign central banks

could be the beginning of the end of the existing world monetary order

Zoltan Poszar:

Wala na din tiwala mga tao sa Swiss Banks with the Switzerland joining the sanctions. Dapat they stayed neutral pa din.

[uls]

Wala na din tiwala mga tao sa Swiss Banks with the Switzerland joining the sanctions. Dapat they stayed neutral pa din.

yup

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regarding "inside money" and "outside money"

inside money is someone else's liability (money in the bank -- the bank owes it to you... you hope you can withdraw it when you need it)

at the country level inside money is your forex reserves -- foreign central banks owe it to you

sinira ng US/EU ang perception that forex reserves are safe

now countries will want to hold outside money -- assets outside the financial system -- like gold in your own vault, commodities/natural resources inside your borders

that's your real wealth -- the real tangible stuff... not numbers in someone's hard drive that you can be cut off from with a click of a mouse

[uls]

On Thursday’s broadcast of CNBC’s “Closing Bell,” Treasury Secretary Janet Yellen said that “We’re likely to see another year in which 12-month inflation numbers remain very uncomfortably high.” But cautioned there is a large amount of uncertainty due to the conflict in Ukraine and expressed confidence in the Federal Reserve “to make a meaningful difference going forward.”

Co-host Sara Eisen asked, “Already had been happening and is happening in the U.S., when it comes to rising prices from everything from wages to rents to food prices, I think your expectation previously is that inflation would come down in the second half of this year to normal levels. Have you revised those expectations, where do you think we’ll be at the end of the year?”

Yellen responded, “So, I think there’s a lot of uncertainty that is related to what’s going on with Russia and Ukraine and I do think that it’s exacerbating inflation. I don’t want to make a prediction exactly as to what’s going to happen in the second half of the year. We’re likely to see another year in which 12-month inflation numbers remain very uncomfortably high. You know, the Federal Reserve is looking very carefully at this. They’ve indicated that they intend to take actions to bring inflation down and I have confidence in their ability to make a meaningful difference going forward.”

you ain't seen nothing yet

pag ayaw na mag export ng agricultural products and fertilizer mga exporter coz they need to prioritize their own food security

what's gonna happen to the price of food

[madball]

Biden Urges Americans to Blame Rising Prices on Putin. Many Do, for Now. - The New York Times

Haha how convenient. Can't wait for the next CPI print.

[Monseratto]

A full recap of the Fed'''s rate hike decision and Powell'''s market-moving comments

The Federal Reserve raised rates Wednesday for the first time since 2018. The central bank also unveiled its latest economic growth and inflation projections, while noting that it expects to raise rates six more times in 2022.

[uls]

7.9% inflation and the Fed is only at 0.25%-0.5% target rate

#incrediblybehindthecurve

[dreamur]

Laissez-faire over communism.

Bloomberg - Are you a robot?

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[dreamur]

Another strike on China.

https://www.theigmp.org/2022/03/japa...t-lac.html?m=1

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Mumbai: Japanese Prime Minister Fumio Kishida on Saturday announced a ¥5 trillion yen ($42 billion) investment in India over the next five years during a meeting with Prime Minister Narendra Modi in New Delhi.

"We (Kishida and Modi) confirmed any unilateral change to the status quo by force cannot be forgiven in any region, and it is necessary to seek peaceful resolutions of disputes based on international law," Kishida told reporters after meeting Modi in New Delhi.

The two leaders were meeting to strengthen security amid the Ukraine crisis and improve economic ties between the two nations.

[Ry_Tower]

Another strike on China.

https://www.theigmp.org/2022/03/japa...t-lac.html?m=1

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Mumbai: Japanese Prime Minister Fumio Kishida on Saturday announced a ¥5 trillion yen ($42 billion) investment in India over the next five years during a meeting with Prime Minister Narendra Modi in New Delhi.

"We (Kishida and Modi) confirmed any unilateral change to the status quo by force cannot be forgiven in any region, and it is necessary to seek peaceful resolutions of disputes based on international law," Kishida told reporters after meeting Modi in New Delhi.

The two leaders were meeting to strengthen security amid the Ukraine crisis and improve economic ties between the two nations.

The enemy of my enemy is my friend hehehe

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[uls]

bakit di mag invest dito?

onga pala badtrip pala mag manufacture dito

[Ry_Tower]

bakit di mag invest dito?

onga pala badtrip pala mag manufacture dito

Bad trip talaga kahit hindi manufacturing. Import na lang, mas mura.

Pati galunggong import na lang.

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[uls]

Sir Boybi

[dr. d]

The enemy of my enemy is my friend hehehe

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... until the other enemy is dispatched,
after which, the enemy of my enemy, becomes another enemy to worry about.
heh heh.

[boybi]

Sir Boybi

But will they export their wheat? China limits their wheat exports to prevent shortage at home with their huge population. I think India will do the same.

[uls]

But will they export their wheat? China limits their wheat exports to prevent shortage at home with their huge population. I think India will do the same.

yun lang.....

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things don't look good for food and energy commodities importers