Status of US Dollar as Global Reserve Currency and USD Exchange Rates: Long, Slow, Uneven Decline Continues by Wolf Richter • Jan 1, 2024 • 104 Comments China’s renminbi keeps losing ground, after initial progress. But the tiny “other” reserve currencies combined are taking share from the USD.
Lithium “Shortage” Bubble Implodes (Again), Price Collapsed 77% in a Year, as Demand and Production Both Surged by Wolf Richter • Nov 23, 2023 • 75 Comments Investors smell the money, billions are flowing, even in the US, which could become major lithium producer.
Even Higher for Longer if Markets Keep Fighting Central Banks, ECB’s Wunsch Explains. The Fed Has Same Problem by Wolf Richter • Nov 22, 2023 • 199 Comments “If the markets don’t infer from this that it’ll be high for longer, we’ll have to use our rate instruments and hike to get where we want to go.”
US Dollar’s Status as Global Reserve Currency on Slow Long-Term Decline, but Not Going Down in a Straight Line by Wolf Richter • Jul 15, 2023 • 222 Comments An important thing to keep our eyes on these days.
Construction Spending on US Manufacturing Plants Soars, to De-Globalize Supply Chains? by Wolf Richter • Jul 3, 2023 • 188 Comments The driver: computer, electronic, and electrical manufacturing.
Powell on the New Hawkishness in the Dot Plot and on Inflation: “We See that it Tells Us that We Need to Do More” by Wolf Richter • Jun 14, 2023 • 225 Comments Core inflation “has not really moved down. It has not reacted much to our rate hikes. We’re going to have to keep at it.”
Westfield Walks from Mall in San Francisco, after Walking from 2 Malls in Florida & others. Screws CMBS Holders, Said in 2021 it’ll Dump All Malls, but Suddenly Blames San Francisco? by Wolf Richter • Jun 13, 2023 • 159 Comments Default rate of mall CMBS rose to 7%. Simon Property Group, largest mall landlord, walked from malls for years. Tens of thousands of stores closed. Ecommerce is killing them one by one, not San Francisco.
The Bank of Canada Un-Pauses, Hikes 25 Basis Points, Second Central Bank to Un-Pause on Resurging Inflation Fears by Wolf Richter • Jun 7, 2023 • 102 Comments More rate hikes are on the table. “Overall, excess demand in the economy looks to be more persistent than anticipated.”
Fed Hikes by 25 Basis Points, to 5.25% Top of Range. Says, “Extent to which Additional Policy Firming May be Appropriate,” instead of “Pause.” QT Continues by Wolf Richter • May 3, 2023 • 183 Comments The rate is now where it last was during the 14-month-long pause from June 2006 to August 2007.
Status of US Dollar as Global Reserve Currency and Exchange Rates: Slow Long-Term Decline on Track by Wolf Richter • Apr 2, 2023 • 188 Comments But the Chinese Renminbi didn’t make any progress at all last year.