To diminish the dollar’s role as a global reserve currency, central banks would have to dump the dollar. So, let’s see.
“It now appears bike sharing is the stupidest business, but the smartest brains of China all tried to get in,” said Wu Shenghua, founder of one of the collapsed bike-share companies. “It really now seems ridiculous.”
Debt out the wazoo, but someone is still buying it.
Industry panics, overcapacity spreads, but government brushes off the wailing and gnashing of teeth, looks to EVs.
Bigger issues than propping up the stock market beckon.
Chinese RMB gains, but is inconsequential as central banks remain leery. Euro hangs on.
Treasury yield curve survives rate hike upright. Yield curves steepen in China, Japan & Germany. Era of NIRP scheduled to end.
That Trump is bungling the debate became clear when he was getting bashed like a sitting duck from all sides: Corporate America, China, the EU, other entities that would lose, and their propaganda outlets in the media.
China, Japan, other foreign investors, the Fed, US government funds? Nope.
Bubbles don’t end well for those who don’t get out in time.