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

[Dr Christopher Cheok C S]

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.

 

[Dr Christopher Cheok C S]

Euro continues to slide toward dollar parity — and could fall even further​

PUBLISHED THU, JUL 7 20224:06 AM EDT
https://www.cnbc.com/2022/07/07/eur...ollar-parity-and-could-fall-even-further.html

• The prospect of an economic slowdown also casts a specter of doubt over whether the European Central Bank will be able to tighten monetary policy sufficiently to rein in record-high inflation.
• Deutsche Bank suggested that the euro could fall into the $0.95-0.97 range if “Europe and the U.S. find themselves slip-sliding in to a (deeper) recession in Q3 while the Fed is still hiking rates.”

 

[Dr Christopher Cheok C S]

Bigger problem around dollar shortage​

https://www.businessdailyafrica.com...bigger-problem-around-dollar-shortage-3861804

Africa's interbank has collapsed, and banks are not supplying dollars to the interbank market.

 

[Dr Christopher Cheok C S]

How the Reserve Bank of India is trying to bring in more dollars and arrest rupee's slide

https://timesofindia.indiatimes.com...-arrest-rupees-slide/articleshow/92714541.cms

Interest-Rate Ceiling on NRI deposits removed for three months to attract funds.

 

[eatshitndie]

tiongs hoarding usd as they don't trust cny or rmb.

 

[Dr Christopher Cheok C S]

tiongs hoarding usd as they don't trust cny or rmb.

They are planning to print 1.48 trillion rmb to change USD
https://www.bloomberg.com/news/arti...illion-stimulus-with-unprecedented-bond-sales

 

[Eisenhut]

Tiagong bulls climb a wall of worry

 

[eatshitndie]

They are planning to print 1.48 trillion rmb to change USD
https://www.bloomberg.com/news/arti...illion-stimulus-with-unprecedented-bond-sales

ccp can print all they wish but tiongs are running road and laundering money out of prc and changing them to foreign currencies, especially hkd first then to usd and sgd. sgd very strong now. high demand.

 

[hbk75]

Change to rubles lah

 

[laksaboy]

Recessions come and go, what will happen in the near future: you will see many people jump off tall buildings.

 

[hbk75]

Recessions come and go, what will happen in the near future: you will see many people jump off tall buildings.

Fd rates going up and up. Those that borrow a lot hong gan liao

 

[Robert Half]

Recessions come and go, what will happen in the near future: you will see many people jump off tall buildings.

If one can manage their financial life well .. everything should fine

Do not squander your money, make dubious investments & buy private properties that you cannot afford to

 

[Loofydralb]

There's always a silver lining.

SG should start a full fledged, full coverage all issues settled euthanasia industry

 

[Pinkieslut]

There's always a silver lining.

SG should start a full fledged, full coverage all issues settled euthanasia industry

terminate many many Jiakliaobees, only waste air food and water create shit

 

[syed putra]

Print more cannot.
Don't print also cannot.
Make up your mind!

 

[laksaboy]

If one can manage their financial life well .. everything should fine

Do not squander your money, make dubious investments & buy private properties that you cannot afford to

Nope, it'll be sound investments becoming worthless overnight. And the money you have saved becomes worthless. Expect unrest.

 

[Robert Half]

Nope, it'll be sound investments becoming worthless overnight. And the money you have saved becomes worthless. Expect unrest.

We must be well prepared for whatever bad things that is going to happen. Especially in this unpredictable decade of 2020s & honestly not easy to survive in these 10 years

 

[Rogue Trader]

The US has been printing $$$ like toilet paper since the subprime crisis. They could get away with it as long as the petrol is traded in USD. But Putin and the Saudi royalties have other plans

 

[hbk75]

The US has been printing $$$ like toilet paper since the subprime crisis. They could get away with it as long as the petrol is traded in USD. But Putin and the Saudi royalties have other plans

putin got balls but saudi dun dare to sell in other currencies.

 

[Rogue Trader]

putin got balls but saudi dun dare to sell in other currencies.

Saudis want to sell to China in Yuan