Goldilocks' Comments and Global Economic News Wednesday AM 6-19-24
Goldilocks' Comments and Global Economic News Wednesday AM 6-19-24
Good Morning Dinar Recaps,
Putin visits Vietnam. Why? “The main issues relate to shoring up economic and commercial ties, including arms sales.”
Putin and Vietnam's leaders were said to have been working on an agreement regarding ruble-dong currency transactions through the banking system. This meeting is expected to enable payment for goods and services.
Currently, Vietnam is expanding the value of its currency through the expansion of its elderly population through healthcare, commercial trade, and military arms expansion.
Proper military spending over GDP stabilizes and promotes currency values of a country. Why? Money spent on the military ends up in the private sector as payment for goods and services the military requires.
Each of these are indicators of a growing economy that justifies a higher value through demand on their currency inside a Market Economy. Vision Times Education CFR Nature
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Nervous about the market? Here’s one thing you could do if shares start sinking fast
Jack Janasiewicz: The bottom line … is that there’s a disinflationary impulse coming. I think [Fed Chair Jerome] Powell was right to sort of look at [hotter-than-expected] January, February, March inflation data as maybe a little bit of an anomaly or a pause but not a reversal of that trend that’s going to continue to head to that 2% target.
So, again, heading in the right direction, it may be slower than people would like. But we’re going to 2%.
And then the other thing I would point to as well — the labor side of their mandate is becoming a little more focused. [The Fed] is one of the only central banks that has the dual mandate with price stability and full employment. It feels like the price stability side is coming into better focus.
As the economy slows a little bit here, and you start to see the unemployment rate tick a little bit higher … the Fed [could start] to focus on making sure that the unemployment rate doesn’t start to rise.
That could be the trigger for rate cuts. So we’re not ruling out rate cuts by September. We could easily have a cut. The data will tell us that, but I think the big takeaway for us is [inflation] going in the right direction. CNN
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Liquidity risk surged 41.4% at LCH’s Paris-based clearing house in the first quarter, reaching a level not seen in almost five years. | Risk Net
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OPEC sees no peak oil demand long term, secretary general says | Gulf Business
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The 2024 U.S. Presidential race sees cryptocurrency policy as a key issue, with both parties engaging in debates.
Paul Ryan urges lawmakers to create a regulatory framework for stablecoins to boost U.S. debt attractiveness.
Ryan highlights China's digital currency advances, stressing the need for U.S. adoption of dollar-backed stablecoins. Read Write
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Guaranteed basic income programs spread across the country: Is it coming to your city? | Fox News
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Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.
Swift bids to connect VoP schemes across Europe FinExtra
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