Posted on 01/05/2024 10:44:28 AM PST by C210N
Multinational investment bank Morgan Stanley downgraded the outlook for the U.S. dollar from ‘Bullish’ to ‘Neutral’ on Friday. The global bank cited that the Federal Reserve initiating interest rate cuts led to the decline of U.S. Treasury yields. Morgan Stanley’s outlook for the U.S. dollar is now officially ‘Neutral’ and downgraded from its previous stance of ‘Bullish’. The downgrade comes at a time when the BRICS alliance is advancing to uproot the U.S. dollar’s global supremacy.
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The U.S. dollar index might dip to $100, and if it slips to double digits, local currencies could begin to strengthen. The development coincides with the BRICS agenda of de-dollarization where they plan to get rid of the U.S. dollar for trade. Read here to know how many sectors in the U.S. will be affected if BRICS ditches the US dollar completely.
(Excerpt) Read more at watcher.guru ...
But Yellen needs lower rates to make FJB look good.
Apparently the real world doesn’t think too much of that.
Welcome to Nueva Argentina. Viva Evita! Fiesta time!
I guess this means the Biden crime family will have to up their cut to 15%.
Good old New Christy Minstrels version of Greenback Dollar.
“And I don’t care about a greenback dollar, spend it as fast as I can.
For a wailin’ song and a good guitar, the only things that I understand, poor boy, the only things that I understand.”
https://www.youtube.com/watch?v=1mOVGdPEX4o
Downgrade the dollar? That’s Bidenomics!
Yellen doesn’t understand that you can’t have a negative yield between interest rates and inflation. That’s just not going to work.
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