Here's another retaliation from China...
Beijing just crossed a line in the sand. The PBOC fixing was on the other side of the closely watched 7.20 "devaluation" line, first time since 2023. Offshore yuan tumbles and is about to hit a record low against the USD. Source: zerohedge
“‘The dollar has lost 96% of its purchasing power over the last century’ is the most misleading claim in all of finance,” says Riholtz in his new book.
As long as spend or you invest (instead of sitting on cash), you should be ok. Source: Eric Balchunas on X
Since 2017, Turkish Lira has fallen 91% against the Dollar
Source: Bloomberg, Robin Brooks
This is one of the longer periods of time that the dollar and sp500 have lost value in tandem over the past few decades.
Source: FT https://lnkd.in/ev-fwEtA
🔴 Turkey Lira dropped to an all-time low after Istanbul mayor and Erdogan rival arrested.
Imamoglu, the 53-year-old Istanbul mayor, was seen as the next opposition party candidate for the Turkish presidency and was expected to be nominated on Sunday. Charges for the arrest, which Imamoglu and his party reject, include terrorism and organized crime. Source: CNBC, Bloomberg
The US dollar is off to its worst start of the year in decades.
Source: The Daily Shot
He's back. Get used to the roller coaster!
source : bloomberg
Dollar's Share Of Global Reserves Hits 30-Year-Low As CentralBanks Pile Into Gold
Source: Wolfstreet.com
