Marc Chandler Discusses Key Currencies, GDP Growth Forecasts, And Retail Sales
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market website, joins us to discuss some of the moves in key currency markets, growth, and retail consumption forecasts. We start off discussing the weak European economic outlook and how this has pushed the euro lower compared to most other key global currencies over the last few weeks. Next we look at the continued strength in the US dollar, as a result of this weak euro, and also the short end of the yield curve incentivizing investors into US assets. We wrap up reviewing the bullish GDP growth forecasts for Q4, but with Marc being concerned about a slowdown in the middle of 2022, and despite the recent positive retail sales numbers how rising inflation may temper retail consumption moving into next year.
Click here to visit Marc’s website and keep up to date on his daily market and data commentary.
That price for gasoline is in downtown Los Angeles, but be rest assured it’s coming to your neighborhood.
Well, Hillary Clinton is warning the main stream media about the dangers of cryptocurrencies…. Haha!
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I’m not sure why anyone would listen to her about anything, especially anything financial related, unless it is how to profit by setting up a “charitable” trust, or how to get $500K speaking gigs for your husband while you’re secretary of state.
This latest rant of hers on cryptocurrencies is only posted here for everyone’s amusement… because the main stream media really pushed this Bloomberg interview hard the last 2 days as serious financial and geopolitical news…. 😉
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Cryptocurrencies Can Destabilize Nations, Hillary Clinton Warns
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Bloomberg News – Yesterday (11/19/2021)
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“One more area that I hope nation-states start paying greater attention to is the rise of cryptocurrency — because what looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, for destabilizing nations, perhaps starting with small ones but going much larger,” the former Secretary of State said.
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https://www.msn.com/en-us/money/other/cryptocurrencies-can-destabilize-nations-hillary-clinton-warns/ar-AAQSZa6?ocid=uxbndlbing
Hillary is scripted—watch her eyes. This woman is establishment through and through. Reading a teleprompter with the message prepared by someone else is easy; Hillary wouldn’t know anything about cryptocurrencies if it hit her between the eyes with a two by four.
Agreed Doc. That hasn’t stopped the main stream media from bringing her on to be the mouthpiece to protect the establishment and school us all on the dangerous cryptocurrencies.
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Maybe next week they’ll have AOC on to educate us all on the high risks of Forex currency trading. Haha!
If this new spending bill gets signed into law, AOC will become rich just by “BEING THERE”
Big Biden Inflation, a gallon of gasoline is $6.05 in California, Tyson Foods is putting up the price of meat because they can’t subsidize it anymore. The greenies don’t like fossil fuel or cow flatulence, and if you want either get prepared to pay. DT