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$100 Billion here... $100 Billion there... Soon you will be talking about real money.$100 Billion - is that a lot??
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Stale? LOLHey guy's, I'm taking a break. It's all gotten a bit stale so I guess I will see you in a few months!
All these alt media places and not one of them has a clue. The dollar isn't going anywhere. Not until the 2030's anyway. It's a slow process and you dont just throw one out and have another take its place.
China just going to throw away a trillion in treasuries and stop doing business with the largest economy in the world? China going to roll out 10's of trillions to take on reserve status?
There's no question the rest of the world sees the advantage the US has to having reserve status. Print money at will with no real consequences. The rest of the world is forced to take the worthless paper in exchange for real goods made with cheap labor. Unfortunately there is nothing to take its place. Gold could take on the roll but only for a short time. You could value it wherever you like but eventually the manufacturing powerhouses end up with all the gold. Those who produce nothing end up giving up all their gold and either end up with massive debt that could never be repaid or end up not being allowed to import anything because they produce nothing to export. That doesn't bode well for an economy like the US that no longer produces anything and is basically a consumer economy.
The brick nations are on the road to breaking away from the US dollar for sure but they are at least a decade away from doing so. Even then the dollar isn't finished. It would still be accepted by those nations because those nations also rely on the dollar economy that the US represents and no way any of them want to give up the consumers in the US or the US exports that they reply upon.
Even if 1/2 the world said no more dollar that still leaves around 3.5-4 billion people who would still use it. Whats that like 1990's world population numbers? Plenty of people to keep the dollar in use. The fed has also recognized that the world I large enough for 2 reserve currencies if that does happen. It may lose more value which it needs to for the US to remain competitive but it will be around for awhile. I wouldn't load up on rubles just yet.
The initial weekly jobless claims fell by 16,000 to 230,000 in the week to Saturday, surprising the markets with a bigger-than-expected decrease.
Economists’ consensus calls projected for the initial claims to edge up to 248,000 from the previous week’s revised level of 246,000.
The four-week moving average for new claims – often viewed as a more reliable measure of the labor market since it flattens week-to-week volatility – dropped by 4,000 to 236,000. The previous week’s four-week moving average was revised up by 250 to 240,000, the U.S. Labor Department said on Thursday.
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Yes the US is a big economy, but what happens when this big economy can't afford to purchase anything but the basics?The brick nations are on the road to breaking away from the US dollar for sure but they are at least a decade away from doing so. Even then the dollar isn't finished. It would still be accepted by those nations because those nations also rely on the dollar economy that the US represents and no way any of them want to give up the consumers in the US or the US exports that they reply upon.
1964 Kennedy Half Dollar | $0.50 | $8.9013 | 1780.26% |
Groucho lost his ass in the crash.
Despite a year's worth of interest rate increases, inflation rose again in March, according to economic data released Friday that the Federal Reserve watches closely.
The personal consumption expenditures price index excluding food and energy increased 0.3% for the month, in line with the Dow Jones estimate. On an annual basis, so-called core PCE increased 4.6%, slightly higher than the expectation for 4.5% and down 0.1 percentage point from February.
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as did a lot of folks... makes one wonder where all the money went....Groucho lost his ass in the crash.
Same place as it is likely to go next time around... down some big ol black hole. A lot of wealth is based on values of assets that have bloated prices stuffed with counterparty risk. When the music stops and people figure out there aren't enough seats at the table they will rush to the exits. When folks understand the true value of what they 'own', prices plummet, and wealth evaporates into thin air.as did a lot of folks... makes one wonder where all the money went....
Sometimes First Out is more important than First In.
Exactly, most people never associate the word "Speculation" as being synonymous with "wealth" or "equity" or "assets", but it's all fabricated. When one understands the gravity of the derivaties bubble, it should send a shiver down the spine.Same place as it is likely to go next time around... down some big ol black hole. A lot of wealth is based on values of assets that have bloated prices stuffed with counterparty risk. When the music stops and people figure out there aren't enough seats at the table they will rush to the exits. When folks understand the true value of what they 'own', prices plummet, and wealth evaporates into thin air.
Think about the emperor's new clothes.
I don't know where to go with that one.
Like them all on weakness for the long term. Full on depression who knows but YOLO.Nat Gas Looks like a buy to me right now. Corn, Soybeans, WTIC are all in backwardation. not sure on those.
Announcing the 16th largest bank failure and BRICS+ realizing that the US will steal your reserves... if you don't obey....Armstrong has said the past few years at least that foreign capital would look for a home in the US stock market. Has the imposition of sanctions and the possibility of the US govt stealing money from foreigners put the kibosh on that?
My guess is that it is a quick knee jerk reaction to this morning's First Republic shenanigans. Silver up stronger than gold on the move which imo reveals the hidden strength behind silver's position. GSR down under 78, but plenty of room left down below. 2c...
It's the monday morning peak, it will be sold the rest of the day, unless it's different this time.
And here we go slip sliding down the mountain right on cue...It's the monday morning peak, it will be sold the rest of the day, unless it's different this time.
... JPM needed a huge cash infusion and got that yesterday.
The gold market moved above $2,000 an ounce after the U.S. labor market showed signs of slowing, with the number of job openings dropping more than expected in March.
The number of available positions declined to 9.6 million in March from an upwardly revised 9.974 million a month earlier, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Wednesday. Market consensus calls were expecting to see 9.8 million openings.
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The ratio of job openings to unemployed people edged down to 1.6 in March, marking the lowest level since October 2021. The Federal Reserve likes to watch this ratio and has previously stated that rate hikes were justified because the number of job openings was elevated.
The gold market began to rally after the release, with June Comex gold futures last trading at $2,012, up 0.99% on the day.
All eyes are on the Fed’s rate decision this Wednesday, with markets pricing in a 92% chance of a 25-basis-point hike. But the lower-than-expected job openings signal that this could be the last Fed rate hike in this tightening cycle before a pause.
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