How much longer will this bear market go on for?

InvesterJones

Type_45 said:

 The USD is the least bad option. It will therefore fail upwards when it does fail.

(Have some extra characters for free)

Type_45

Wow. Just catching up with the news of the BoE buying its own bonds.

DannyCarey

Type_45 said:

DannyCarey said:

I wouldn't say the USD is "being crushed" though, would you?

If anything it maybe reinforces the dollar milkshake theory. 

As I've explained ad nauseam, the USD is strong because it's being fled to globally as there is a credit crisis. The USD is the least bad option. It will therefore fail upwards when it does fail.

The currencies are being crushed. They will be replaced.

Replaced with what, exactly? 

InvesterJones

DannyCarey said:

Type_45 said:

DannyCarey said:

I wouldn't say the USD is "being crushed" though, would you?

If anything it maybe reinforces the dollar milkshake theory. 

As I've explained ad nauseam, the USD is strong because it's being fled to globally as there is a credit crisis. The USD is the least bad option. It will therefore fail upwards when it does fail.

The currencies are being crushed. They will be replaced.

Replaced with what, exactly? 

Tubs of lard. Didn't you see the earlier post about their rise in value?

Type_45

DannyCarey said:

Type_45 said:

DannyCarey said:

I wouldn't say the USD is "being crushed" though, would you?

If anything it maybe reinforces the dollar milkshake theory. 

As I've explained ad nauseam, the USD is strong because it's being fled to globally as there is a credit crisis. The USD is the least bad option. It will therefore fail upwards when it does fail.

The currencies are being crushed. They will be replaced.

Replaced with what, exactly? 

Rest assured that whatever happens, they just so happen to magically have the solution. You might not like the solution, but it will be to keep you safe. 

DannyCarey

I assume you are alluding to CBDCs. 

Type_45

Well, well, well...

Type_45

As I've been saying for months.  

Inflation was mostly caused by supply-side issues following the global lockdowns.  The Central Banks' raising of rates can't tackle this inflation.  And in addition they are raising rates in the teeth of a major incoming recession. The Central Banks made a policy error by raising rates.  And it was only a matter of time before they were forced to change course.

And we still have the effects of the rate rises slamming into our collapsing economy to look forward to.

masonic

The budget was the policy error. Everything that has been happening has flowed from that. Even a U-turn at this late hour is not going to change the global opinion that this government cannot be trusted to manage its finances. Meanwhile the BoE is in an impossible position. With their foot firmly on the brake they must now pump the accelerator. Getting ahead of inflation needs to be their priority, yet they are forced into a foolish tug of war with the chancellor. None of this will be of any significant consequence to the US, where thankfully there are adults running things.

Pension funds in the UK need to look into derisking strategies employed by their counterparts in emerging markets and ease off their reliance on UK gilts.

Type_45

QE with inflation running at 10%...

Weimar, anyone?