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71 sats \ 11 replies \ @riberet19 4 Jul \ parent \ on: Yen in free fall econ

Did they really say that 200 is a realistic and acceptable level? I hope this is not the case, it may be too late then...

75 sats \ 10 replies \ @siggy47 4 Jul

They are saying it will get there in 6 months. The key for the regulators is that it's a slow, gradual descent.

If the fed doesn't lower US interest rates soon, other fiat currencies will suffer more than they already have.

87 sats \ 8 replies \ @TomK OP 4 Jul

we are really experiencing one of the biggest shitshows of all time. let's see how the euro will behave if the yen continues to fall

113 sats \ 1 reply \ @riberet19 4 Jul

I think I am not wrong in saying that the euro will be one of the losing horses in all this.

87 sats \ 0 replies \ @TomK OP 4 Jul

absolutely. but it is so difficult, and has been from day one of the euro's introduction, to filter out adequate figures from this non-transparent fog.

75 sats \ 5 replies \ @siggy47 4 Jul

I have to believe that behind the scenes the ECB and BOJ are furious at the fed. The US still enjoys the exorbitant privilege of being the reserve currency (for now), but it's only acting out of self interest. Of course it's a delicate balance. A strong dollar will destroy exports.

71 sats \ 3 replies \ @TomK OP 4 Jul

But always keep in mind that Japan is the strategic partner of the US in the Pacific region. the euro, the moment it became a threat as a reserve currency and settlement layer, immediately became the enemy of the dollar. The Fed will not let the Bank of Japan fall and will offer sufficient swap lines in the event of liquidity problems in the euro-dollar market. I am not so sure about the ECB

101 sats \ 2 replies \ @siggy47 4 Jul

Yes, I agree. It might even happen with the euro in the unlikely event that it becomes disorderly. If either currency gets in real trouble the whole world will be devastated. I'm talking about these gradual declines, which slowly make life miserable for the average citizen.

71 sats \ 0 replies \ @TomK OP 4 Jul

and the debt continues to accumulate point that means that the money supply has to be expanded further and the currency continues to lose purchasing power accordingly. the lower classes of society are literally being pushed into the ground. disgusting

71 sats \ 0 replies \ @TomK OP 4 Jul

54 sats \ 0 replies \ @Bell_curve 4 Jul

So all these global connections create fragility because everyone has to bail out the weakest link?

A system of interdependence is a bug 🐞 not a feature?

71 sats \ 0 replies \ @riberet19 4 Jul

According to some analysts say that interest rates will start to fall by the end of this year, I don't know, anyway if this is the plan of the Japanese central bank, I think they are totally wrong, the future will tell.