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

[k1976]

Recession? What recession? COE at 137k. Huat ah!
https://www.motorist.sg/coe-results

Mopping excess liquidity from wealth twickling down effect mah

 

[Dr Christopher Cheok C S]

 

[k1976]

Tiagong, Empreor Xi will have another debt serf soon... Zambian President is flying over to 朝天阙in few days

 

[k1976]

https://www.reuters.com/world/zambi...na-seeks-formalise-june-debt-deal-2023-09-08/

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Zambian president to visit China, seeks to formalise June debt deal​

By Joe Cash
September 8, 202311:48 AM GMT+8Updated an hour ago

Zambia’s President Hakainde Hichilema arrives to attend the 36th Ordinary Session of the Assembly of the African Union at the African Union Headquarters in Addis Ababa, Ethiopia February 19, Acquire Licensing Rights Read more
BEIJING, Sept 8 (Reuters) - Zambian President Hakainde Hichilema will visit China from Sunday, China's foreign ministry announced on Friday, bringing the indebted African country's long-running struggle to restructure its external debt to its biggest creditor's door.
Around two-thirds of the $6.3 billion debt Zambia is in the process of restructuring with its official creditors is owed to the Export-Import Bank of China, underlining the importance of Beijing's support to an agreement reached in June enabling debt relief.

Zambia in 2020 defaulted on its sovereign debt and became a test case for a debt restructuring framework initiated by the Group of 20 wealthy nations during the pandemic intended to streamline providing debt relief, though it became bogged down with disagreements over which lenders should accept haircuts.


The process has been painfully slow for Zambia, which in June at a summit in Paris finally struck a deal with its bilateral creditors - including China - to reschedule its payments over more than 20 years and with a three-year grace period during which only payments on interest are due.

 

[k1976]

Of course lah, if no Tiongkok Lehman Moment, how to bao jiak all foreign investment gao gao?

 

[eatshitndie]

Mopping excess liquidity from wealth twickling down effect mah

trickle-down or trickling down. “twickling” is not a word.

 

[Dr Christopher Cheok C S]

trickle-down or trickling down. “twickling” is not a word.

Fed's rate will stay high until HK gives up her peg with USD

 

[eatshitndie]

Fed's rate will stay high until HK gives up her peg with USD

hk property sector may collapse soon after that.

 

[Dr Christopher Cheok C S]

Yuan hit 16-years lows
https://asia.nikkei.com/Business/Ma...-slides-near-16-year-low-as-economy-struggles

 

[k1976]

trickle-down or trickling down. “twickling” is not a word.

Moi o level angmo no good mah

 

[k1976]

trickle-down or trickling down. “twickling” is not a word.

Focus on tge concept, thank u

 

[Dr Christopher Cheok C S]

Mexico Peso Plunged for a Week​

Analysts at Mexican bank CIBanco said that the slide of the peso that began late last week with a decision by Mexico’s Exchange Commission to reduce a six-year-old hedge program aimed at reducing currency volatility “intensified” on Wednesday due to weak economic data out of Europe and China and decreased appetite for risk assets.

“The negative bias toward assets of greater risk” – such as the peso – “stems from the idea that central banks, including the [U.S.] Federal Reserve, will have no other choice than to maintain their restrictive monetary policies to avoid a rise in inflation,” they said.

https://mexiconewsdaily.com/business/peso-weakens-against-us-dollar-for-5th-consecutive-trading-day/

 

[Dr Christopher Cheok C S]

China can no longer hide its growing problem of misallocating capital.

https://brucewilds.blogspot.com/2023/09/subsidies-corrupt-economies-china.html

 

[Dr Christopher Cheok C S]

 

[syed putra]

some alternative media claimed that there's power struggle in Russia, machiam like civil war brewing.

what a price to pay for bullying a weaker neighbour.

They are not bullying a weaker neighbour. US plan is to break up Russia. Putin as head of state, must defend it.
Imagine a weaker neighbour fully armed with nuclear missiles with capability to strike moscow within minutes. That doesn't sound weak to me. Russians may nave to live with this threat.
US using third party to do its dirty job and and sponge up the risk.

 

[syed putra]

Bloomberg: Beijing Bullies Banks Into Buying Renminbi With Their Foreign Currencies​

https://www.bloomberg.com/news/arti...escalate-yuan-intervention-this-week-llezr1ia

Chinese authorities told state-owned banks to step up intervention in the currency market this week, in a push to prevent a surge in yuan volatility.

China has to defend its position. It may end up like Russia with US dollar assets frozen and denied transaction. The USD note does not belong to you. It is the property of the US.

 

[syed putra]

China can no longer hide its growing problem of misallocating capital.

https://brucewilds.blogspot.com/2023/09/subsidies-corrupt-economies-china.html

US fac8ng same oroblem. Its regional nanks are collapsing and property debts are in devsult. Blackrock just gave back its property to Banks as it cannot pay the mortgages. Banks now holding overvalued properties it cannot sell.

 

[k1976]

US fac8ng same oroblem. Its regional nanks are collapsing and property debts are in devsult. Blackrock just gave back its property to Banks as it cannot pay the mortgages. Banks now holding overvalued properties it cannot sell.

Problem only when USb cannot print $$$$$ faster enough... Past record shown US Fed can print $$$ out of thin air at the moment they open their mouth

 

[Dr Christopher Cheok C S]

US Mortgage Rates Jump To 23-Year Highs As Conference Board Leading Economic Indicator Declined To -7.6% YoY

 

[Dr Christopher Cheok C S]