Posted on 04/09/2025 2:34:51 PM PDT by delta7
LONDON, April 4 (Reuters) - In times of market panic investors tend to rush to the safety of the dollar, but when stocks swooned in response to U.S. tariffs this week, they ran away from it. Investors say it's a sign that the greenback’s global standing may be eroding. The dollar, for decades a safe haven, on Thursday fell about 1.7% in its biggest daily drop since November 2022 (.DXY), opens new tab, after President Donald Trump imposed tariffs on imports at levels not seen since the early 1900s. Stock markets also tanked, as tariffs ignited recession worries….
(Excerpt) Read more at reuters.com ...
The dollar’s still the safest currency.
Don’t forget that George Soros made a fortune when he shorted the British pound!
(e.g. this story is fake news)
Notice how quick the media shifts from the stock market (now going up) to the dollar just to keep everyone thinking the economy is crap under President Trump...
Fear porn sells really well in the springtime.
It’s just the next “panic/scare” story du jure.
That was my immediate thought when I saw this headline.
There is no alternative. This is more nonsense.
Trump WANTS a slightly weaker dollar, at least for a little while...it does make our goods cheaper nd will increase exports and purchasing of american goods.
Considering the USD was about 120 in 2000, now hovering at around 100, clearly shows a long term downward trend. The last three months show a 5.7 percent decline….not a big deal to some as all paper currencies are declining rapidly in purchasing power.
Granted, the USD is still the prettiest pig ( besides the Swiss Franc) in the mud pit.
https://www.marketwatch.com/investing/index/dxy
The yen, the pound and the euro are up a little. That’s all so far. I don’t see huge moves into any currency.
At today’s Treasury auction, buyers showed up in force. Apparently, there is solid demand for the 10-year.
Let’s see if that holds…it has not been the case recently ( Senile Joe’s reign). It is no wonder Money is moving to perceived safety after the Dows minor correction ( volatility) the past week.
Increasing US debt is not going unnoticed. Only time will tell if/ when the big money moves from government debt holdings to private holdings. An increase of US debt will squash the buying of government debt and move back into private sectors.
Confidence ( or loss of) is everything.
?? Gold was up $99 today….
How come nobody suggests an alternative to the dollar?
Fiat money is all about “stability”.
name a fiat money with the strength of a weak USD?
How come nobody suggests an alternative to the dollar?
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They are, ALL the world’s Central Banks, the big money, are buying Gold in record amounts ( tonnage) instead of US Treasuries.
The US Comex and LBMA are being drained of physical Gold and Silver. The amount of those taking delivery is off the charts.
At today’s Treasury auction, buyers showed up in force. Apparently, there is solid demand for the 10-year.
———
They don’t publish who is buying, some think the Fed is stepping in and buying. A very, very, not good scenario.
https://www.zerohedge.com/news/2025-04-09/stop-what-youre-doing-and-watch-bonds-now
“ Hedge funds are way overleveraged and exposed to moves in the Treasury market via this complex trade, foreign Treasury bond holders are selling, or both. As one of the sharpest friends I have said to me at about 5PM today: “something HUGE is breaking below the surface”.
The Fed will protect the bond market at all costs, which likely means we could see significantly more shock and downside to markets and the system before “the bailout of all bailouts” — if my friend is, in fact correct.…”
If we keep printing dollars at the pace of the last five years, the dollar will keep shrinking.
We have to cut spending and printing.
OK, you live in bung fu$ked Egypt and you have a maple leaf coin and need a dinner for your family.
what kind of change will you get?
Y’all get the idea?
That will be an expensive dinner!
Until we go back to pouring gold dust on a scale,
(is that all real gold?).
Fiat money works best, if you have an economy
that can back it. The US does have such an economy.
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