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USD share as global reserve currency drops to lowest since 1994

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Re: USD share as global reserve currency drops to lowest since 1994

#181

Post by doctorpangloss »

BobbyJo wrote: post #164
doctorpangloss wrote: post #119

Earlier quoted context omitted.

would his policy have been to pay for GLP1s? Yes. And is that a little more than a hypothetical? yes. People who don't know US budgets don't know what drives faster-than-GDP growth in expenses (it's real estate, biotech and college).

> People who don't know US budgets don't know what drives faster-than-GDP growth in expenses (it's real estate, biotech and college). That's just wrong. Social Security, Medicare, debt interest, and the military eclipse everything else. Discretionary spending outside the military is only like 15% of the budget. Also, why are you even connecting GLP1 drugs and the 90s federal budget surplus? The drugs didn't exist bac…

Because new drugs are what make the federal spending pie larger. Slower growth also does. Wars can also make budgets balloon, but then you’d be like “well Clinton wouldn’t want wars.” Okay, so would he want faster medical progress? Of course, and that turns out to be budget busting!

The drugs could have existed back then. You’d have to read the link. And today they do, and under Clinton, would he pay? All great things to talk about.

I am trying to have an interesting conversation and instead it’s just, downvote this downvote that.

Re: USD share as global reserve currency drops to lowest since 1994

#182

Post by bdangubic »

toomuchtodo wrote: post #179
bdangubic wrote: post #176

Earlier quoted context omitted.

> One, you shouldn’t be storing wealth in cash-like instruments, that’s literally using currency wrong (and has been across human history). Cash is for transacting. Talk to Mr. Buffet and see what he thinks about this with his mountain of cash… Cash being just transacting might be the most insane thing I’ve read here this year, well done

I think it speaks volumes that Buffet has nowhere else to put that ~$382B in cash; that speaks more about current asset valuations ("everything bubble" [1]) more than that US cash is trash. If assets classes are inflated, US treasuries are no longer a safe haven, gold and other precious metals are overbought, where do you go? There is no immediate answer, imho, but only a slow burn as the world reconfigures around th…

damn shit is really bad, sky is failing, bubbles are bursting… any other clickbait I need to read up on before I go spend the last of the good days with my kid…?

coolest thing about us in the 50’s is that we’ve seen and read this shit many times before and don’t fall the “bubble du jour” or “shit’s really bad this time…” - especially readers here on HN, bubbles be bursting for yeeeears now, recession is coming, crashes are coming… genuinely am sitting here scared and shook about Buffet hoarding cash, that never happened before…

Re: USD share as global reserve currency drops to lowest since 1994

#183

Post by [deleted] »

bdangubic wrote: post #182
toomuchtodo wrote: post #179

Earlier quoted context omitted.

I think it speaks volumes that Buffet has nowhere else to put that ~$382B in cash; that speaks more about current asset valuations ("everything bubble" [1]) more than that US cash is trash. If assets classes are inflated, US treasuries are no longer a safe haven, gold and other precious metals are overbought, where do you go? There is no immediate answer, imho, but only a slow burn as the world reconfigures around th…

damn shit is really bad, sky is failing, bubbles are bursting… any other clickbait I need to read up on before I go spend the last of the good days with my kid…? coolest thing about us in the 50’s is that we’ve seen and read this shit many times before and don’t fall the “bubble du jour” or “shit’s really bad this time…” - especially readers here on HN, bubbles be bursting for yeeeears now, recession is coming, crash…

[deleted]

Re: USD share as global reserve currency drops to lowest since 1994

#184

Post by gbnwl »

unmole wrote: post #180
alphazard wrote: post #88

Earlier quoted context omitted.

Dollars are currently only in demand for short-term use in transactions. Most of the world still relies on dollars for transactions, because that is what all the banking and payment infrastructure uses. But no one wants to hold them because they devalue and will continue to do so at an accelerating rate. It's a game of hot potato where everyone is forced to hold equities, commodities or other assets by default in ord…

> But no one wants to hold them because they devalue and will continue to do so at an accelerating rate. Talk is cheap. Show me the stats.

Why not just google inflation on your own? Or money supply?

Re: USD share as global reserve currency drops to lowest since 1994

#185

Post by toomuchtodo »

bdangubic wrote: post #182
toomuchtodo wrote: post #179

Earlier quoted context omitted.

I think it speaks volumes that Buffet has nowhere else to put that ~$382B in cash; that speaks more about current asset valuations ("everything bubble" [1]) more than that US cash is trash. If assets classes are inflated, US treasuries are no longer a safe haven, gold and other precious metals are overbought, where do you go? There is no immediate answer, imho, but only a slow burn as the world reconfigures around th…

damn shit is really bad, sky is failing, bubbles are bursting… any other clickbait I need to read up on before I go spend the last of the good days with my kid…? coolest thing about us in the 50’s is that we’ve seen and read this shit many times before and don’t fall the “bubble du jour” or “shit’s really bad this time…” - especially readers here on HN, bubbles be bursting for yeeeears now, recession is coming, crash…

I've lived through the '00 crisis, the '08 crisis, and a global pandemic. In all cases, there were signs the event was upon us, but you won't know for sure until the event is in full swing. The advice remains the same as it always does: carry as little debt as reasonably possible, don't overextend yourself without good reason, ensure sufficient liquid reserves, maximize employment and income opportunities, and have a strong network, both professional and community. Stay healthy to the best of your ability. Humans have existed for some time, we're going to exist for a while longer. I have many people who depend on me, and I'm prepared for anything short of global unexpected nuclear conflict. As long as you care, that's half the battle. Wishing you a favorable outcome.

Re: USD share as global reserve currency drops to lowest since 1994

#186

Post by therealpygon »

mvkel wrote: post #21

Whenever I see headlines like this, I ask: what happened in 1994? It was post-Cold War and central banks were trimming USD reserves to test alternatives. Then, crises hit (tequila, Asian, Russian, dot com) and the world reconsolidated around USD, thanks to the immense strength of the Federal Reserve and IMF. Similarly now, reserve share is falling as countries hedge sanctions and geopolitics, yet dollar usage in trad…

Seems interesting that cryptocurrency has suddenly been bolstered with legislation. A secondary market might become important were the dollar not to recover.

Re: USD share as global reserve currency drops to lowest since 1994

#187

Post by bdangubic »

toomuchtodo wrote: post #185
bdangubic wrote: post #182

Earlier quoted context omitted.

damn shit is really bad, sky is failing, bubbles are bursting… any other clickbait I need to read up on before I go spend the last of the good days with my kid…? coolest thing about us in the 50’s is that we’ve seen and read this shit many times before and don’t fall the “bubble du jour” or “shit’s really bad this time…” - especially readers here on HN, bubbles be bursting for yeeeears now, recession is coming, crash…

I've lived through the '00 crisis, the '08 crisis, and a global pandemic. In all cases, there were signs the event was upon us, but you won't know for sure until the event is in full swing. The advice remains the same as it always does: carry as little debt as reasonably possible, don't overextend yourself without good reason, ensure sufficient liquid reserves, maximize employment and income opportunities, and have a…

Wishing you a favorable outcome too!!

I love pretend bubbles cause while everyone is waiting for them to burst one can make shitton of money

Re: USD share as global reserve currency drops to lowest since 1994

#188

Post by toomuchtodo »

bdangubic wrote: post #187
toomuchtodo wrote: post #185

Earlier quoted context omitted.

I've lived through the '00 crisis, the '08 crisis, and a global pandemic. In all cases, there were signs the event was upon us, but you won't know for sure until the event is in full swing. The advice remains the same as it always does: carry as little debt as reasonably possible, don't overextend yourself without good reason, ensure sufficient liquid reserves, maximize employment and income opportunities, and have a…

Wishing you a favorable outcome too!! I love pretend bubbles cause while everyone is waiting for them to burst one can make shitton of money

To be early or late is the same as being wrong, and I had a friend who lost everything trying to be right take their life when they were wrong. It is true, you have the potential to make money, and if you can afford it, who am I to stop you? But, you can also lose it all, and I hope that those who try don't. It's just numbers in a database after all. Gamble responsibly. There is always someone smarter or faster on the order book.

Re: USD share as global reserve currency drops to lowest since 1994

#189

Post by roncesvalles »

filloooo wrote: post #29

A 2% change, more likely this has something to do with the global rush for US tech stocks. Some countries like South Korea are crazy on US stock trades. Dollars' depreciation probably helped a bit too.

There is a global shift toward higher US equity allocations seeing how well they've performed in the last however-many years. Also it seems like President Trump's sole mandate is to keep the stock market from crashing, so that helps.

Re: USD share as global reserve currency drops to lowest since 1994

#190

Post by bdangubic »

toomuchtodo wrote: post #188
bdangubic wrote: post #187

Earlier quoted context omitted.

Wishing you a favorable outcome too!! I love pretend bubbles cause while everyone is waiting for them to burst one can make shitton of money

To be early or late is the same as being wrong, and I had a friend who lost everything trying to be right take their life when they were wrong. It is true, you have the potential to make money, and if you can afford it, who am I to stop you? But, you can also lose it all, and I hope that those who try don't. It's just numbers in a database after all. Gamble responsibly. There is always someone smarter or faster on th…

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