#EconWatch: Due to gas price hikes due to #Sanctions and rampant #Inflation, Pres. #Biden is facing widespread disapproval on economic issues. Looks like the American public is waking up to Sleepy Joe's incompetence.
C/ The G7 is against intervention, when there is not disorderly markets or a non-fundamental move. And it is not clear that we are there at this point for the JPY.
For example @ExanteData 's factor model shows that most of the USDJPY movement can be explained by rate factors!
The key message is:
"It is important for the exchange rate to remain stable along the fundamentals, and rapid fluctuations are not desirable. In the recent foreign exchange market, we are worried about the rapid depreciation of the yen."
= Verbal intervention to support the Yen
The inability to build infrastructure is not due to lack of capital; it’s due to a reg state that makes development very hard. Solving that requires national prioritization. But we’re doing the opposite. Unless something changes soon, this is a train wreck in slow motion. 11/11
Compounding matters, 4 days ago Biden made it even harder to acquire permits by restoring state and tribal rights to veto energy infrastructure. Without the ability to build, demand destruction is the only way to balance the market. 7/ https://t.co/TLtXDeoTNQ
Total global Financial assets exceed US$900T
#btc mkt cap is approx one half of one tenth of one percent (5bps) of total.
Let’s talk in 20 years.
Don’t overthink. Xox.