Stocks down, bonds down, and currency strength down simultaneously represents a balance of payments problem.
It’s the type of thing that usually happens to emerging markets.
Anyway, GM.
Login to reply
Replies (28)
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 “balance of payments”problem?
Does balance of payments mean the world is giving us a bad credit rating based on likelihood to pay back?
Also, GM 😅
I believe what he’s 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 they’re in panic mode or need liquidity. But if, as we saw today, all three are tanking together, it means there’s 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 it’s unusual to see it here. I’m guessing that’s what’s meant by “balance of payments problem.”
I don’t read much into one day of price action though. Let’s see if a trend emerges.
I hear that train a comin’ 🚂
Sounds dandy! 🤣
Why did dollar crash so hard today?
Bom dia bom dia
View quoted note →
Always funny to think about how we have landed on ‘emerging’ as the default descriptor… such an optimistic bunch we humans are.
Good morning
We tested zaps on this note… we made six attempts to⚡zap this note, using your lightning address starting with "scalebar", over a period of 15 minutes. In each case, we found that your lightning address server did not respond correctly. (The failure point was when we did a GET request to your specified callback URL: https://getalby.com/lnurlp/scalebar/callback ). Your server did not produce an invoice, thus the zap failed. You might want to look into using a cloud-based Lightning node which is optimized for Nostr zaps, to get your zaps working.
Welcome to Africa, U.S.!
Wow, USD loses 4.35% against the Swiss Franc
Is “balance of payments” synonymous with income/expenditures?
Stocks down, bonds down, and currency strength down simultaneously represents a balance of payments problem.
It’s the type of thing that usually happens to emerging markets.
Anyway, GM.
View quoted note →
GM! ☕ ☀️ 🫂
GM! ☕ 😎
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 “fix” 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 trains…..
I bought some uranium stonks and MSTR today.
💯
That's what happens when confidence down
GM 🫂