Dollar

Argentina Central Bank’s Sudden Dollar Shortage Sparks Fears Of Mass Corporate Credit Crisis

By Tyler Durden Despite Emerging Markets’ recent surge higher on the heels of a dumping dollar and massive global liquidity injections, at least one country is facing crisis rather than crescendo. MSCI Emerging Market stocks have soared… Source: Bloomberg YPF, a 99-year-old oil company that some have called Argentina’s flaghship company, is threatening a large-scale…

Will 2021 Be The Year The World Loses Faith In The US Dollar?

Authored by Simon Black via SovereignMan.com, Nearly 186 years ago to the week on January 8, 1835, US President Andrew Jackson accomplished what no other American president has done before, or since: he paid off the national debt. Jackson was a staunch fiscal conservative. He despised banks, and, according to his biographer, he considered central…

Treasury Yields, Bitcoin And Small Caps Soar; Tech And Dollar Tumble On Possible Georgia Blue Sweep

Bond yields, bitcoin and small cap stocks surged while tech stocks and the dollar tumbled on Wednesday on the prospect of more stimulus and tougher tech regulation if Democrats take control of the U.S. Senate following a run-off election in Georgia. Stocks in Europe rose and those in Asia were mixed as traders digested what’s…

Will The Fed Destroy The Dollar?

Authored by Adam Taggart via PeakProsperity.com, The Federal Reserve’s official target rate of inflation is 2% per year. Put another way, that means that if the Fed hits its target, the value of today’s dollar will only be worth around a third of its current value in 50 years. Think that can’t happen? It already…

$15 Trillion Cashnami Crashes Dollar In 2020, Sparks Gold's Best Year In A Decade

Global stocks added around $15 trillion in market cap in 2020 (pushing above $100 trillion for the first time ever)… Source: Bloomberg Which is an oddly coincidental number given that global liquidity has soared around $15 trillion in 2020… Source: Bloomberg That kind of ‘tsunami’ hasn’t historically ended well (in the movies)… While much of…

Outlook 2021: Further U.S. Dollar Debasement Ahead

By Stefan Gleason In a year that was marred by a global pandemic and a wave of economic restrictions that crippled many small businesses, financial markets proved to be resilient. Of course, that resilience owes in no small part to the unprecedented outpouring of stimulus from Congress and the Federal Reserve. More stimulus is on…

Trumpnado Sparks Late-Day Lurch Lower In Stocks, Dollar Drops On Dismal Data

Core Durable Goods miss, Personal Income and Spending miss and drop, UMich Sentiment miss and drop, total jobless claims remains above 20 million, and new home sales miss and drop… all sending hard and soft macro data plunging… Source: Bloomberg But stocks were up because, hey, it’s just a fleshwound… and stimulus… Fintok about to…

The Next Dollar Problem Has Just Arrived

Authored by Alasdair Macleod via GoldMoney.com, Abstract It is not for no reason that cryptos are roaring, and precious metals are playing catch-up. In the last month there have been developments that point to a new phase of accelerating monetary inflation for the dollar, and fiat money is only just beginning to be exchanged for…

Dollar Drops As Gold & Crypto Pop On Fed Flop, Washington Slop

Close to close prices hide what was a very noisy day in the markets with bonds, the dollar, and the broadest stock index flat-ish until some last minute malarkey. Headline hockey between The Fed “flop” – not delivering the QE Twist that so many had hoped for (but promising more will come) – and the…

Dollar Dump Sparks Bid For Bonds & Bullion; Pfizer Faux-Pas F**ks Stocks

Disappointing Services ISM data today along with over 20 million Americans still claiming unemployment benefits does not set up well for tomorrow’s payrolls print. Breaking down the economic data recently we see surveys (hope) starting to tumble, the labor market at its weakest since Feb, and Retail at its weakest since June… Source: Bloomberg But…

Gold, Stocks, & Bond Yields Surge As Dollar Purge Continues

Since the election, and the ongoing roll out of Biden’s nominees for economic and policy teams, the dollar has been on a one-way streak lower… Source: Bloomberg The dollar is unchanged versus its fiat peers since Jan 2015… Source: Bloomberg And it appears the plunge in the dollar is being recognized by gold enthusiasts who…

Stocks Give Thanks For Fed Liquidity As Dollar, Gold, & Bitcoin Dumped

Greed, Greed-er, and Greed-est… Source: CNN This level of extreme greed didn’t end well last time. Interestingly, as the week progressed, Nasdaq caught up with Small Caps early-week outperformance, stalling the ‘rotation’ trend. The Dow was the week’s laggard but still managed solid gains… As a reminder, the recent vaccine headlines have put global and…

Dow, S&P, & Bitcoin Soar To Record Close As Dollar & Gold Sink

Consumer Confidence tumbled… Source: Bloomberg …COVID cases are soaring, lockdowns are crushing small businesses, and ‘hope’ is fading fast… Source: Bloomberg …so Buy The F**king Record Highs in stocks and dump the dollar, bonds, and gold (because who needs ‘protection’ when there is Yellen, vaccines, and stimulus-y hopes). As we noted earlier, The Dow topped…

Confidence Erodes in U.S. Institutions … Is the Dollar Next?

By Clint Siegner Confidence in American politics is now rarer than gold. The U.S. election system, once sacrosanct, is losing the trust of half the country. Which half will depend on the outcome of Donald Trump’s efforts in the courts to demonstrate widespread fraud. The political left is certain Joe Biden is the rightful winner….

Goldman, Citi See Dollar Sliding In 2021, Plunging As Much As 20%

By Tyler Durden Wall Street’s latest top consensus trade for 2021 has quickly emerged as a dollar short. After Deutsche Bank flip-flopped on its view for the dollar, first closing out its long-running dollar short then reversing itself just days later and renewing its USD short , other banks have joined the bandwagon expecting a…

Rogoff Warns Of Dollar “Calm Before The Exchange-Rate Storm”

Authored by Ken Rogoff via Project Syndicate, Core dollar exchange rates have so far been surprisingly stable during the pandemic, most likely because major central banks’ policy interest rates are effectively frozen at or near zero. But although the current stasis could last awhile, it will not last forever. With alternative assets such as gold…

How COVID Forbearance Gave Banks A Three Trillion Dollar Boost

By Nick Dunbar of Risky Finance If there was one thing that regulators were sure about at the start of the pandemic, it was that it would not become a bank story. Crisis yes, maybe even a touch of market turmoil for a few weeks in March, but never something that would embroil the world’s…

Despite Tech Tumble; Stocks, Bonds, Gold, & The Dollar Rally On Election Eve

As Asia closed and Europe opened, US equity futures were panic bid up 400-plus Dow points overnight, clung to gains into the US cash open when Nasdaq was dumped and Small Caps pumped along with The Dow. Last minute buying panics ramped Nasdaq barely into the green… Weakness in Nasdaq was driven by the mega-tech…