Stocks down, bonds down, and currency strength down simultaneously represents a balance of payments problem.
Itâs the type of thing that usually happens to emerging markets.
Anyway, GM.
Discussion
What is a balance of payments problem?
Would you say this is an indicator of short term loss of confidence or more on a longer time scale? Possibly a permanent shuffling of capital?
GM
What the hell is a âbalance of paymentsâproblem?
I believe what heâs saying is that stocks, bonds, and cash rarely fall in unison. People shift money out of stocks into bonds if they perceive an impending economic decline, or perhaps into cash if theyâre in panic mode or need liquidity. But if, as we saw today, all three are tanking together, it means thereâs a wholesale flight out of USD-denominated assets. Money is leaving the country. You see that sort of market movement more commonly in the third world as a country is toppling economically, but itâs unusual to see it here. Iâm guessing thatâs whatâs meant by âbalance of payments problem.â
I donât read much into one day of price action though. Letâs see if a trend emerges.
Does balance of payments mean the world is giving us a bad credit rating based on likelihood to pay back?
Also, GM đ
I hear that train a cominâ đ
Sounds dandy! đ€Ł
Why did dollar crash so hard today?
Always funny to think about how we have landed on âemergingâ as the default descriptor⊠such an optimistic bunch we humans are.
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Good morning
Welcome to Africa, U.S.!
Wow, USD loses 4.35% against the Swiss Franc
Is âbalance of paymentsâ synonymous with income/expenditures?
GM! â âïž đ«
GM! â đ
Gradually, then suddenly
reliability is valuable
Risk happens fast
Now is the winter of our economic discontent, made inglorious summer by this son of New York
I think bonds dropping were what persuaded Trump to flip
We will âfixâ the trade deficit when 1 USD = 1 CNY because the US will be too poor to import anything. Seems like hyperinflation is the only way out of this mess. Something about trainsâŠ..
I bought some uranium stonks and MSTR today.
đŻ
That's what happens when confidence down
GM đ«