🚨🇪🇺💥Europe will be TOTALLY ECONOMICALLY IRRELEVANT in five years — Putin advisor Anton Kobyakov
“The West’s great geopolitical gamble is entering its decisive phase. Yet part of the West, namely Europe, can already be said to have lost.
Europe today has effectively been stripped of independence in finance, energy, technology, and political choice; in effect, of sovereignty itself.
Asia has taken over all of the West’s functions.
The Middle East has become a new financial hub, drawing wealthy Brits away from their island.
Manufacturing has shifted to China and Vietnam, and is moving further into India and other countries.
Today’s largest trading hubs are Shenzhen, Singapore, Hong Kong, Dubai, and Mumbai.
Technological leadership has gone to the Chinese and the Koreans.
Within this framework, in about five years, Western Europe will be of no use whatsoever, not even as a consumer market.”
While I am seeing the bearishness and expectation for continuation lower in the DXY is ubiquitous, I am expecting the DXY to hold the 95/96 region, and begin a sizeable rally. In fact, if that rally is clearly impulsive, then I am going to expect the DXY to begin a multi-year rally which could easily last us into the 2030's.