CEW Emerging Market Currency Devaluation Continues
Self explanatory. Emerging markets currencies keep printing in excess leading to devaluation for over 12 years straight. Needless to say it is now at a key area. (Red Arrow)
While it has not been talked about much. This has led to a mini emerging market currency crisis.
Turkey
Sri Lanka
Lebanon
Pakistan
Argentina
Venezuela
Egypt
Russia
Colombia
etc.. Adding zeros to money does not produce value for a currency. I find it bizarre that I even have to say it. But in this crazy world where #MMT runs around telling people "don't worry how you will pay for it" "Deficits are a Myth" and "there is no such thing as debt only assets" Some people have gotten confused as to what reality is and now believe they can vote themselves money.
While it has not been talked about much. This has led to a mini emerging market currency crisis.
Turkey
Sri Lanka
Lebanon
Pakistan
Argentina
Venezuela
Egypt
Russia
Colombia
etc.. Adding zeros to money does not produce value for a currency. I find it bizarre that I even have to say it. But in this crazy world where #MMT runs around telling people "don't worry how you will pay for it" "Deficits are a Myth" and "there is no such thing as debt only assets" Some people have gotten confused as to what reality is and now believe they can vote themselves money.
Note
As expected foreign currencies reversing right against that trendline.Trade fermée manuellement
Closing this position for macro reasons I won't discuss here.
Real Macro Economic Investing
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Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.