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Joined Jul 2021
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Status: Give peace a chance.
|49 Posts
Here's my just in case scenario DA. even if it goes this way, my belief is it will be limited to that boxed area (red) around 74- 74.12 then drops anyway.
My current count puts us still on the B wave of a complex 4th wave.
Anyway have a great weekend. Its getting colder here now and might have to close the pool this weekend.
All safe heaven as Gold, Jpy, Chf received support after Evergreen crisis, markets became worried that 2008 real estate crisis repeated but all this begins to disappear after the Fed announced that they are in no hurry to lower support packages right now when the market calmed down and safe heaven lost its gains.
So what's next?
Why Gold , Jpy, Chf went high ? All safe heaven as Gold, Jpy, Chf received support after Evergreen crisis, markets became worried that 2008 real estate crisis repeated but all this begins to disappear after the Fed announced that they are in no hurry to lower support packages right now when the market calmed down and safe heaven lost its gains. So what's next?
Ignored
Sir you may have had a typo, it's Evergrande.
But yes, lots of news describing it as being similar or worse than the 2008 property bubble. Apparently China's economy stands to crumble even more.
The shockwaves from the Chinese housing developer Evergrande failing to pay off a huge loan that is maturing only affect the markets on the margin. It seems that the markets generally expect the Chinese state to go in and clean up in due course, just as they did before. The Chinese government would like to see the power of large companies diminished, but allowing residents and small savers to be hit far too hard can create popular protests against the government, which is absolutely not allowed. Therefore, the state will sooner or later intervene.
There seems to be a global energy crisis going on, which is driving oil prices. Lack of natural gas and confidence that new types of energy will be able to bridge the slack, which has not been realized, are driving demand. Rising energy prices are rapidly hitting inflation figures, which is directly reflected in interest rates. So everything is connected as usual.
