In this episode of Prime Time, I’m joined by economist Malcolm Wood, Head of Institutional Research and Asset Allocation at Ord Minnett to unpack the uncomfortable question so many are asking.
Interesting take. But this has also caused other countries to move away from the USD and towards BRICs. Historically this fuck over the rest of the world by America has worked because they control the markets through the USD. But this is no longer the case. There are already trade deals being made in Yuan not USD. The Russian Ruble was never a threat but the Yuan just might be.
ok
bear runs can go 3 years and longer wheres the bottom zero in some cases
oh those margin calls ouch ouch noooo must sell noooo
a fraction may survive and then take years to rebuild
Interesting take. But this has also caused other countries to move away from the USD and towards BRICs. Historically this fuck over the rest of the world by America has worked because they control the markets through the USD. But this is no longer the case. There are already trade deals being made in Yuan not USD. The Russian Ruble was never a threat but the Yuan just might be.