Global US-Dollar Shortage - Are We Already in a Recession?

[Dr Christopher Cheok C S]

This is an article about three out of China’s Big Four state banks have halted payments from sanctioned Russian financial institutions. https://www.msn.com/en-us/money/com...e-west-s-sanctions-against-russia/ar-BB1iCU5a

On surface, it appears to be chinese banks just complying with EU's sanctions against Russia.

However, deeper below, China could be trying to put a stop to the Russians selling their yuan holdings to get USD or gold.

 

[Dr Christopher Cheok C S]

 

[Dr Christopher Cheok C S]

Dollar Rides Wave of US Exceptionalism to Reign Supreme​

https://finance.yahoo.com/news/dollar-strength-isnt-going-anywhere-230026435.html

(Bloomberg) -- There’s a subtext to this year’s blistering rally in US risk assets: When it comes to the dollar, there is no alternative.

The greenback is just shy of the record it reached during the pandemic and on pace for its best year since 2020. As measured against the currencies of America’s largest trading partners, it’s a lofty 17% above its average over the last two decades.

Wide-ranging indicators of continued US strength have fueled the recent gains, and the economic resilience has forced traders across markets to rapidly dial back expectations for imminent monetary easing by the Federal Reserve. Dollar bears now face the prospect of higher-for-longer benchmark rates that should bolster the US currency. But the dollar’s vitality goes deeper than that.

Key pillars of support — from US productivity growth and economic dynamism to a torrent of flows into American assets and homegrown technological prowess in crucial areas such as AI — reinforce the greenback’s dominant role as the world’s reserve currency despite any short-term ups and downs. These fundamentals should blunt the impact of Fed rate cuts when they do happen, and, by keeping the US economy in front of global peers, underpin the narrative of “American exceptionalism” for the foreseeable future.

“There’s zero alternative,” said Themistoklis Fiotakis, head of foreign-exchange strategy at Barclays Plc in London. “Dollar strength is about longer-term macro factors. It’s not a cycle, it’s a trend.”

 

[Dr Christopher Cheok C S]

Eygpt's currency devalued by 25% overnight

 

[k1976]

https://www.cnn.com/2023/12/16/business/costco-gold-bars/index.html

Please....there is no recession de

Costco is seling PAMP Gold Bar like hot cakes

 

[k1976]

Costco’s hottest item isn’t rotisserie chickens. It’s $2,000 gold bars​

By Nathaniel Meyersohn, CNN
2 minute read
Updated 3:29 PM EST, Sat December 16, 2023

Shoppers outside a Costco store in Bayonne, New Jersey, US, on Saturday, Dec. 9, 2023.
Angus Mordant/Bloomberg/Getty Images

CNN —
Would you like a $2,000 gold bar at Costco with your $4.99 rotisserie chicken?
Yes, Costco sells more than just toilet paper, office supplies and food items, and the company is quite effective at it. A 24-karat 1 oz. Gold Bar PAMP Suisse Lady Fortuna Veriscan was listed as sold out on Costco’s site this week and bars usually sell out hours after being posted on Costco’s website, according to chief financial officer Richard Galanti.

 

[k1976]

Everybody Heng Ong Huat Lah

 

[Dr Christopher Cheok C S]

China Evergrande Group’s alleged $US78 billion ($119 billion) revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the centre of one of the biggest financial fraud cases in history. It fuels concern about how widespread such accounting issues are, just as the new China Securities Regulatory Commission chairman is trying to tighten oversight.

https://www.afr.com/world/asia/china-accuses-evergrande-of-shocking-78b-fraud-20240319-p5fdnz

 

[Dr Christopher Cheok C S]

Inflation still high: Powell warns against rapid rate reduction, ready to maintain higher rates if needed​

 

[Dr Christopher Cheok C S]

China’s experiencing a staggering $55 billion surge in loans, hinting at a desperate move by the government to prop up the sinking ship. State funds might have borrowed big bucks to prevent a total stock market meltdown.



China’s economic woes could send shockwaves throughout the world, affecting markets and investments far beyond its borders. China’s central bank is reshuffling its monetary policy committee, adding new faces amidst growing economic uncertainty.

https://www.reuters.com/markets/asi...huffles-monetary-policy-committee-2024-03-20/

 

[hairylee]

China have loads of treacherous "Tycoons".

 

[Dr Christopher Cheok C S]

China have loads of treacherous "Tycoons".

They are considered "rich tycoons" only when their money can exit China. Otherwise, come to Singapore, also need to hint realDonaldTrump to treat them.

 

[k1976]

They are considered "rich tycoons" only when their money can exit China. Otherwise, come to Singapore, also need to hint realDonaldTrump to treat them.

That is why Tiong Kok warn its citizen is is not legal to gamble in casino few days ago

 

[k1976]

https://www.businesstimes.com.sg/in... as little as 1,that has gripped the mainland.

Hamburger​

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ASEAN Business​

Global Enterprise​

Gold beans all the rage with China’s Gen Z as deflation bites​

Published Sat, Mar 16, 2024 · 9:31 am

Three-quarters of gold consumers are now estimated to be between 25 and 35 years old and many believe investing in gold is low-risk, according to a 2021 report from the World Gold Council.

PHOTO: BLOOMBERG

Gold​

WITH China’s deflation at its worst in 15 years, a volatile stock market and bank interest rates too low for her liking, 18-year-old Tina Hong is placing her financial security in gold beans.

Weighing as little as 1 g, the beans – and other forms of gold jewellery – are increasingly viewed as the safest investment bet for young Chinese in an era of economic uncertainty. It is part of a larger consumer trend for all things gold – from bullion to beans and bracelets – that has gripped the mainland.

“It’s basically impossible to lose money from buying gold,” reasoned Hong, a college freshman studying computer science in Fujian province who in January began buying gold beans because of their relatively low cost of about 600 yuan (S$112) per gram. She has more than 2 g of the beans and will continue buying them as long as costs are lower than international gold prices, she said.

 

[k1976]

Branded as an investment entry point for young consumers, the beans, which come in glass jars, are the latest hot-selling items in Chinese jewellery stores.

Generation Z consumers – buffeted by high youth unemployment and the nation’s slide into deflation – are now among the top consumers of gold accessories in the world’s second-largest economy, according to the 2023 China Jewelry Consumer Trends Report by Chow Tai Fook Jewelery Group.

The attraction of gold comes as people pull back on shopping amid months of disappointing growth.

 

[k1976]

China gold rush​

A lack of faith in traditional investments has fuelled this new China gold rush.

The nation’s stock market has seen declines after reopening from the pandemic, with one of its key benchmarks dropping to levels last seen in 2018.

The country’s middle class is bearing the brunt of a property downturn – while the central bank has lowered a key interest rate four times since December 2021, eating into the return on wealth management products.

 

[k1976]

Far East Population Trend

 

[Dr Christopher Cheok C S]

Capital Flight - Turkey hikes interest rates by another 500bp, to 50% now.

 

[Dr Christopher Cheok C S]

 

[k1976]

https://www.reuters.com/markets/rat...-inversion-becomes-longest-record-2024-03-21/


NEW YORK, March 21 (Reuters) - A key bond market signal of an upcoming recession has flashed red continuously for the longest time ever, even if the U.S. economy is far from showing signs of a growth contraction.

The part of the Treasury yield curve that plots two-year and 10-year yields has been continuously inverted - meaning that short-term bonds yield more than longer ones - since early July 2022. That exceeds a record 624 day inversion in 1978, Deutsche Bank said in a note on Thursday.


https://coe.sgcharts.com/

See SG COE spike is coincide with US Yield Inversion 626days ago de woh...very good solid proof that SG COE is good as gold around de world