Gundlach noted the inverse correlation between the dollar and the twin deficit - the U.S. deficit plus the trade deficit - which has increased dramatically because of the government’s stimulus efforts to combat the effects of the coronavirus shutdown.
“We know with metaphysical certitude that the twin deficit is going to go way higher, I’d say to at least 12% of GDP. That would suggest the dollar going all the way back to 2011 levels,” Gundlach said. He believes the rising twin deficit will drive the dollar lower, despite the currency’s appeal as a safe-haven investment and the likelihood that such assets will be in demand if U.S. stocks fall from their current levels.
Hmm... wheres the recession that the experts were talking about? Oops.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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Some Global Markets Follow U.S. Stocks HigherSome international stock markets rose, and the dollar held near three-month lows, after a U.S. rally that pushed the S&P 500 into positive territory for the year. Protect your news integrity from online piracy to increase brand value, revenue and trust. Happy to help! FakeNews XCheck FightFakeNews waiting for the 2nd crash
แหล่ง: WSJ - 🏆 98. / 63 อ่านเพิ่มเติม »
Bond king Jeffrey Gundlach on where the market is headed, makes big calls on gold, dollarNew for subscribers: Bond king Jeffrey Gundlach on where the market is headed, makes big calls on gold, dollar Check out CNBCPro for a free trial. Pro I love ppl who buy physical gold it’s a great moron indicator Pro Once the deficit spending spree runs its course its gonna crash hard Pro Gundlach went heavy short at SPX 2860
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »
Oil rally and Saudi price spikes could hurt refiners, stifling market recoveryGoldman Sachs cited 'very poor refining margins and the recent sharp decline in U.S. crude bases' as supporting its 'bearish outlook.' It's because price fixing doesn't work, falsely raising oil prices on weak demand by cutting production then refining it to fuel on weak demand only cuts profit margins. I guess we could pass on the prices fixing to gas prices at the pump, which will also add to inflation. saudis take price low , they want $100 . what is the news? The whole thing is a corrupt racket.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »
Asian stocks hug three-month highs after surprise U.S. jobs recovery, oil ticks upAsia shares advanced on Monday after a surprise recovery in U.S. employment lifted hopes of a quicker global economic revival after many weeks of lockdowns aimed at controlling the coronavirus pandemic. USA! USA! USA! Bull run will continue for sometime as Asian stocks are still cheap and attractive😎 God bless Trump
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »