Your alternate scenarios are intriguing, and we’ll have that narrative from the cnbc talking heads when the dollar catches a bid at some point. That point is not now. 47’s handlers are engaging in stochastic economic terrorism. Tariffs one and done are different than rolling tariffs. US economic policy is to fight an economic war with all of our partners and neighbors. 🫡 Good luck with that.
The world can get dollar liquidity by selling dollar bonds. In no way can it replace the daily interbank dollar markets. Does give some dry powder if Magamerica plays dollar games.
Your alternate scenarios are intriguing, and we’ll have that narrative from the cnbc talking heads when the dollar catches a bid at some point. That point is not now. 47’s handlers are engaging in stochastic economic terrorism. Tariffs one and done are different than rolling tariffs. US economic policy is to fight an economic war with all of our partners and neighbors. 🫡 Good luck with that.
The world can get dollar liquidity by selling dollar bonds. In no way can it replace the daily interbank dollar markets. Does give some dry powder if Magamerica plays dollar games.
Positioning in the yen is particularly extreme - bullish bets on the Japanese currency have never been bigger.
Two things can happen, the yen follows through with gains or it marks a peak. I am inclined to believe gains will follow.