Sign up to save your podcasts
Or
Share The DC Today - Tuesday, January 31, 2023
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
The DC Today - Tuesday, January 31, 2023
ASK DAVID
“Would you mind giving me your Cribb note version of your expectations on the USD’s devaluation now that Saudi Arabia (and probably others) are willing to trade oil for other currencies than the US dollar? If you expect a significant currency related (not just inflation related) devaluation, do you have an idea of how we can offset that?”
~ D.M.
The main thing to say is that: Saudi has not yet done it, it will take a while to happen, it may happen at very small levels, and we do not expect a significant devaluation from this alone.
We do believe it is a shot across the bow geopolitically, but not in fundamental forex (yet).
The major thing for investors to understand is not that the collapse of the dollar is imminent (I wish I had one dollar for every time someone has suggested that or fretted over it in front of me over the last 25 years, for I would surely have a great deal of very spendable and exchangeable and useable dollars). Rather, it is that China is desperately seeking international legitimacy for their Yuan. The rest of this subject is mostly noise.
Links mentioned in this episode:
[TheDCToday.com] https://bahnsen.co/3JMMeP1
DividendCafe.com
TheBahnsenGroup.com
View all episodes
By The Bahnsen Group
4.9
562562 ratings
ASK DAVID
“Would you mind giving me your Cribb note version of your expectations on the USD’s devaluation now that Saudi Arabia (and probably others) are willing to trade oil for other currencies than the US dollar? If you expect a significant currency related (not just inflation related) devaluation, do you have an idea of how we can offset that?”
~ D.M.
The main thing to say is that: Saudi has not yet done it, it will take a while to happen, it may happen at very small levels, and we do not expect a significant devaluation from this alone.
We do believe it is a shot across the bow geopolitically, but not in fundamental forex (yet).
The major thing for investors to understand is not that the collapse of the dollar is imminent (I wish I had one dollar for every time someone has suggested that or fretted over it in front of me over the last 25 years, for I would surely have a great deal of very spendable and exchangeable and useable dollars). Rather, it is that China is desperately seeking international legitimacy for their Yuan. The rest of this subject is mostly noise.
Links mentioned in this episode:
[TheDCToday.com] https://bahnsen.co/3JMMeP1
DividendCafe.com
TheBahnsenGroup.com
More shows like The Dividend Cafe
View all
The Briefing with Albert Mohler
8,625 Listeners
White Horse Inn
2,197 Listeners
5 Minutes in Church History with Stephen Nichols
1,716 Listeners
Hillsdale Dialogues
2,125 Listeners
Mortification of Spin
839 Listeners
Breakpoint
3,094 Listeners
The Editors
4,888 Listeners
The World and Everything In It
7,133 Listeners
The McCarthy Report
2,837 Listeners
Blog & Mablog
1,397 Listeners
Gospelbound
339 Listeners
Life and Books and Everything
644 Listeners
Capital Record
452 Listeners
Morning Wire
26,679 Listeners
Things Unseen with Sinclair B. Ferguson
1,571 Listeners