Goldilocks' Comments and Global Economic News for August 6, 2023
Goldilocks' Comments and Global Economic News for August 6, 2023
Good morning Dinar Recaps,
Goldilocks posted comments and links on the global financial system:
The Integrated Monetary and Financial Policies for Small Open Economies have completed their research. Here is their findings:
..."we show that to manage non-fundamental inflow surges and taper tantrums related to local currency debt, capital inflow taxes and FX intervention should be used instead of the policy rate and exchange rate flexibility."
The IMF Working Papers have shown in their research that a Forex Intervention is necessary instead of continuing on with interest rate changes and old policies that no longer work.
© Goldilocks
There is a short squeeze going on in the Forex markets that are affecting the dollar, and next week's CPI index reading is expected to show inflation continuing.
Market corrections are coming. The question remains, will it be a soft or hard landing. Statistics are not giving us clear direction at this point, and the markets are looking for just that... direction
.© Goldilocks
https://finance.yahoo.com/news/forex-dollar-slides-moderating-july-150957259.html
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The road to our new economy requires more than just electronic changes, real values are coming to the markets because of these changes and making themselves known.
© Goldilocks
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Ripple Labs has become a member of the ISDA, joining over 1000 institutions from 79 countries and aligning itself with financial giants like JP Morgan and Goldman Sachs.
Following a favorable legal ruling regarding the sale of XRP tokens, Ripple's ISDA membership could pave the way for increased collaboration and acceptance of cryptocurrencies in mainstream finance.
https://www.cryptopolitan.com/isda-welcomes-ripple-labs-as-trade-body/
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The Iraqi government on Sunday said it was suspending the popular Telegram messaging application across the country on “national security” grounds, drawing criticism on channels close to pro-Iran factions.
The service was effectively blocked by midday on Sunday, with new messages not loading for users in Baghdad. The application was still accessible to users connected using a VPN.
https://insiderpaper.com/iraq-suspends-telegram-over-national-security/
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The IMF has completed their economic reform research papers.
All is seen as necessary to move forward with the new digital economy.
This allows us to move forward with the integration, testing, and implementation phase of our new economy.
© Goldilocks
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