Everything down against the USD, which is down..

Lucius

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Despite decades of apocalyptic announcements that the time has come when the USD will lose its value and dominance, I am always surprised that people do not realize that most world currencies will collapse sooner than the USD. The US has always been extremely aggressive in defending its currency and national interests, and I have no doubt that it will be so in the future.

Quote from: adaseb on July 16, 2022, 10:01:26 PM

The US dollar is not down. It’s at highs right now. Hence why we lost the EURUSD parity earlier this week. Right now there is no recession confirmed because sales are still strong, most companies are making tons of money and labor market is tight.

The first hint of a recession will be when we start to get bad unemployment numbers which seem very positive right now. I think towards the end of 2022 we might start to see a recession.

Maybe it's just rumours, but I've been reading and hearing for some time now that the biggest companies in the US will lay off people, and in rather large numbers - Coinbase announces that it will lay off as many as 1100 people, which amounts to about 18% of the total number of employees.

Quote from: https://news.crunchbase.com/startups/tech-layoffs-2022/

After a banner year for tech, layoffs are here. In fact, as of mid-July, more than 28,000 workers in the U.S. tech sector have been laid off in mass job cuts so far in 2022, according to a Crunchbase News tally.

mk4

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Quite ironic that even though USD is down due to inflation — in situations like this, you'd be outperforming if you were holding dollars. I think it pretty much boils down to the fact that in economic situations like this, we shouldn't really be striving to outperform in markets but rather to just lose less.

^Of course don't just stare at your cash/investments, do your best in outperforming through your income streams.

DVlog

full member

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Everything is going in the favor of bitcoin. Now people are forced to find alternatives to paper cash. Most people will go for metal and real estate now but the smart one will go for crypto. There won't be so long when most people want to be a bitcoiner but it will be so late for most of them. I consider myself so lucky that I am so early than most of the people out there.

Husires

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We cannot ignore that the Federal Reserve raised interest rates several weeks ago at the highest pace in years.

Quote from: https://www.nbcnews.com/business/economy/federal-reserve-raises-interest-rate-june-fight-inflation-rcna33358

Federal Reserve announces interest rate increase of 0.75%
The three-quarter-point hike brings the federal funds rate to between 1.5% and 1.75%.Jun 15, 2022

When the Federal Reserve raises interest rates, investments will flee from those countries to the United States of America, so currency rates fall in most countries, and then the central banks will need time to adjust interest rates, and then they will adapt to the new situation.

As for why everything goes down, it is either because of poor management of the economy or the state of uncertainty.

Tytanowy Janusz

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Recession or rather recession expectations because as adaseb said sales are big, people are working ... so far. But market always calculate a year ahead to profit from buing back stocks from people who will panic sell when a recession news will be on every newslater. After companies profits will go down. After few bankruptcy.

Why market expect recession? Becase of yield curve inversion, broken supply chains, war, extreame high inflation, quantitative tightening, bullwhip effect, reverse wealth effect.

Jating

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Not sure what do you mean by this, but as far as our local fiat=USD yeah, the value is like we really have some inflation problem already. The last time that this happen to our local fiat, it's like in the 2008 market crash or 2000. So there is no strength in dollar right now, means mean that we are all *f**k* up as recession is 100% real and it's hard to recover from this one.

eddie13

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BTC or BUST

The dollar is down, everything is more expensive..
Everything..

Everything is down against the dollar and the dollar is down because it buys less now than it did not too long ago, massive inflation..

The dollar index doesn’t mean the dollar is up because others are just down more..

adaseb

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The US dollar is not down. It’s at highs right now. Hence why we lost the EURUSD parity earlier this week. Right now there is no recession confirmed because sales are still strong, most companies are making tons of money and labor market is tight.

The first hint of a recession will be when we start to get bad unemployment numbers which seem very positive right now. I think towards the end of 2022 we might start to see a recession.

jackg

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https://bit.ly/387FXHi lightning theory

Quote from: eddie13 on July 16, 2022, 12:33:14 PM

What is up? What are they getting rich on? Shorts?

Volatility. I've seen it's possible to trade that in the past and I imagine that is what's being done now to produce money for whoever's getting it.

Commodities are also up, the money that was in Netflix could've moved to oil. Broadcasting stocks have once again taken a huge hit internationally (a lot of investors got nervous about online subscription services)...

boltz

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We know for a certain that nothing is looking great in the world right now and a financial crisis is upon us maybe sooner than we believed or anticipated. Besides then , take a loot et EUR right now and you will the lowest price of it since 20 years that makes it 3 years after EUR inception so it's not just the USD even if EUR VS USD , USD is doing a lot better but question is : for how long ?

Wilhelm

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It's called a global recession

OgNasty

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Quote from: eddie13 on July 16, 2022, 12:33:14 PM

Against the USD, which is DOWN, putting up record inflation numbers..

Wow the world is going crazy..

That isn't true. Over the last year the US Dollar Index has risen from 91 to 109. While this does indicate the world has gone crazy, it certainly shows that people are fleeing to what they believe is the world's strongest currency, the US Dollar. It is still the global reserve currency and as we enter a recessionary rate raising environment it is clear that is where the money is flowing. How this is possible with all the printing we just did... Well, that's why we're all here. Bitcoin and alternative payment assets are ripe for their day in the sun.

https://www.marketwatch.com/investing/index/dxy

eddie13

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BTC or BUST

Look at this..

Gold, silver, all other major currencies, all cryptos, all stock markets, DOWN.

Against the USD, which is DOWN, putting up record inflation numbers..

Wow the world is going crazy.. The whole world is losing massive value..

What is up? What are they getting rich on? Shorts?

Topic: Everything down against the USD, which is down.. (Read 141 times)