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

[k1976]

AUD/USD aims to recapture 0.6800 as cooling US inflation amplifies Fed rate-cut bets​

07/12/2024 11:01:44 GMT|BySagar Dua

• AUD/USD remains firm as the US Dollar weakens due to easing price pressures.
• Soft US inflation data for June boosts Fed rate-cut prospects.
• The Australian Dollar will dance to the tunes of the outcome of China’s third plenum meeting.

The AUD/USD pair rises after a mild correction to near 0.6755 in Friday’s European session.

The Aussie asset aims to recapture the round-level resistance of 0.6800 as the US Dollar (USD) is under severe pressure due to growing speculation for the Federal Reserve (Fed) to start lowering interest rates from the September meeting.

The expectations for Fed rate cuts swell after the United States (US) Consumer Price Index (CPI) report for June signalled that progress in disinflation has resumed after stalling in the first quarter of this year.

Annually, the headline inflation decelerated at a faster pace to 3.0% and the core CPI, which excludes volatile food and energy items, unexpectedly declined to 3.3%.

 

[zhihau]

Time to buy gold?

 

[k1976]

Time to buy gold?

Many many...buy yesterday, jitao sell tomo de woh

Many satik guru call gold a pet rock

 

[k1976]

Or Barbarian Leelric, kym?

 

[k1976]

Say only. Until now to sound and shadow.

Multipolar world mah

 

[ftan42]

Gold cheoning up showing sign of recession creeping in and in time of uncertainness

 

[k1976]

Singaporeans Say Air-Con, Holidays, Dining Out Are Essentials​

More than half required a trip to a Southeast Asian country every year.
Photographer: Lauryn Ishak/Bloomberg
By Olivia Poh
July 13, 2024 at 10:29 AM GMT+8


A majority of Singaporeans say that having smartphones, being able to dine out regularly, and flipping on the air-conditioning are all must-haves for living in the tropical, humid and expensive city-state.

Digital connectivity was listed among the essentials, while vacations, dining out, and staying cool all ranked highly as well, according to a study by the Singapore Management University and the Institute of Policy Studies.
https://www.bloomberg.com/tips/

 

[k1976]

Gold cheoning up showing sign of recession creeping in and in time of uncertainness

No lah....sinki still feel very safe in Good Hands de woh

Right Boss John?

 

[k1976]

Gold cheoning up showing sign of recession creeping in and in time of uncertainness

The cup is now half fill or half empty...enjoy
Huat Big Big hah

 

[k1976]

Wall Street Says a Recession Is Coming. Consumers Say It's Already Here​

Shoppers are getting squeezed and money is disappearing fast

https://www.bloomberg.com/news/arti...recession-2022-businesses-and-workers-say-yes

Deutsche Bank AG Chief Executive Christian Sewing sees a 50% chance of a global recession, a prediction that Citigroup Inc. economists have also made. Federal Reserve Chair Jerome Powell says a US recession is a possibility, but not inevitable. Morgan Stanley economists expect a mild euro-area recession at the end of 2022.

leemember, we have Good Hands to Fix All Problem

No money, no worry, Got CDC voucher, kym?

 

[k1976]

 

[ftan42]

In before FED has engineered from hard recession for soft landing to no landing
Now rephrase if holding the rate for too long it may cause deteriorating to the economy and thus recession
So expects two rate cut for the year

 

[superpower]

 

[k1976]

Big Tech Stock Slump Amps Up Pressure to Deliver on Earnings​

• Alphabet kicks off earnings for the cohort on Tuesday
• Nasdaq 100 is coming off biggest weekly decline since April

Tech company displays at the HPE Discover event in Las Vegas.
Photographer: Ian Maule/Bloomberg
By Jeran Wittenstein
July 20, 2024 at 9:00 PM GMT+8
Save

The stakes were already elevated for technology giants heading into this earnings season. They just got a lot higher after the worst week for the Nasdaq 100 Index in three months.

After driving the rally in US stocks for most of the year, Big Tech slammed into a wall this week. Investors rotated from high-flying megacap shares to riskier, lagging parts of the market, spurred by bets on Federal Reserve interest-rate cuts, the threat of more trade restrictions on chipmakers and concern that the hype around artificial intelligence may be overblown.

AI darling Nvidia Corp. sank 8.8% this week, while Amazon.com Inc. dropped 5.8%.

 

[k1976]

https://www.bloomberg.com/news/news...cies-would-stoke-inflation?srnd=homepage-asia

Economists Warn Trump Policies Would Stoke Inflation​

Get caught up.

Photographer: Joe Raedle/Getty Images
By Victoria Cavaliere
July 20, 2024 at 7:30 PM GMT+8
Save


Inflation has dominated the conversation in economic circles these past few years—but it’s also been a key political concern in elections from Argentina to India and now, of course, the US—where the perception of progress is increasingly tied to ideology rather than data.

The Federal Reserve is widely expected to cut interest rates in September amid growing expert confidence that the runway is near.
The Fed’s preferred inflation gauge has eased to 2.6%, not far off its 2% target, and the once overheated labor market has cooled to pre-pandemic levels.

The rebalancing has been accompanied by moderation in consumer spending, as high prices and borrowing costs tamp demand and thus price pressures. And while that coveted economic soft-landing is in sight, the Fed made clear it’s walking a tight rope.

“We don’t want to be to a point where we start to see the labor market weaken substantially—to falter—because by then, it is actually often too late to bring it back,” San Francisco Fed President Mary Daly said this week.

 

[k1976]

Trump’s Plans Risk Rekindling US Inflation​

Economists expect post-pandemic disinflation to continue next year, but GOP tax cuts and tariffs could change the picture
Source: Bureau of Labor Statistics,

Bloomberg economist surveys
Democrats have boasted of the humming US economy, years of low unemployment and the near-victorious fight to crush inflation as the envy of the world. But the data and the message often fall flat with followers of Donald Trump.

To be sure, Americans of all political stripes are still paying more for goods then before the pandemic. But while the GOP has been trying to blame Biden for residual inflation, it’s Trump’s plans that could undo the Fed’s hard-fought progress.

Economists are warning that his policies—another round of tax cuts Democrats say will go to the rich, across-the-board tariff hikes to trigger another China trade war, and curbs on immigration that Republicans blocked earlier this year—will wreak havoc on global trade and send inflation right back up again.

 

[superpower]

https://www.forbes.com/sites/digita...-primes-bitcoin-for-a-4-trillion-price-surge/

BlackRock CEO Issues ‘Massive’ Warning After Crypto Flip That Powered A Bitcoin, Ethereum And XRP Price Boom​

Billy Bambrough
Senior Contributor

Jul 16, 2024,07:57am EDT
Updated Jul 16, 2024, 08:08am EDT
07/16 update below. This post was originally published on July 14

U.S. Treasury secretary Janet Yellen has warned countries around the world are moving away from the U.S. dollar—as the spiraling $34 trillion U.S. debt pile fuels fears of collapse—with bitcoin and crypto slowly chipping away at dollar dominance.

The bitcoin price has rocketed over the last year, climbing despite a "critical" Federal Reserve warning, and helped by bettors who are increasingly confident former U.S. president Donald Trump will retake the White House in November.

Now, as the radical Project 2025 policy plan puts bitcoin on a collision course with gold, Yellen has said she fears U.S. financial sanctions will reduce the role of the dollar around the world, as Russia encourages the use of bitcoin and crypto.

 

[worcer]

I believed a Great depression coming after TRump wins Election to become president...

they may try to "plan" a crash...

 

[k1976]

https://www.forbes.com/sites/digita...-primes-bitcoin-for-a-4-trillion-price-surge/

BlackRock CEO Issues ‘Massive’ Warning After Crypto Flip That Powered A Bitcoin, Ethereum And XRP Price Boom​

Billy Bambrough
Senior Contributor

Jul 16, 2024,07:57am EDT
Updated Jul 16, 2024, 08:08am EDT
07/16 update below. This post was originally published on July 14

U.S. Treasury secretary Janet Yellen has warned countries around the world are moving away from the U.S. dollar—as the spiraling $34 trillion U.S. debt pile fuels fears of collapse—with bitcoin and crypto slowly chipping away at dollar dominance.

The bitcoin price has rocketed over the last year, climbing despite a "critical" Federal Reserve warning, and helped by bettors who are increasingly confident former U.S. president Donald Trump will retake the White House in November.

Now, as the radical Project 2025 policy plan puts bitcoin on a collision course with gold, Yellen has said she fears U.S. financial sanctions will reduce the role of the dollar around the world, as Russia encourages the use of bitcoin and crypto.

Suddenly the main media is floating the new narrative of super huat la huat la is in tge air...sit tight

 

[k1976]

I believed a Great depression coming after TRump wins Election to become president...

they may try to "plan" a crash...

Imagine....next growth story ish Yeedia.

Have fun and enjoy

Lastly , Heng Ong Huat to All in the weeks ahead.