Community Membertmcgowen11
Community Member
Steve posted an update a year ago
As the clock closer to an unprecedented US debt default, the world’s second- and third-biggest economies are watching in fear.
China and Japan are the largest foreign investors in American government debt. Together they own $2 trillion — more than a quarter — of the $7.6 trillion in US Treasury securities held by foreign countries.
Beijing…
Mugg, swardzinski and 3 others2 Comments
Interesting article…everyone is playing the wait and see until the negotiations are resolved (until the next time it happens). Interestingly the author focused internal consumer pullback in China but didn’t mention their own real estate loan exposure/default which could be massive in its own right. Something else to watch as it once we… Read more
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Very interesting indeed.
Steve posted an update a year ago
Continuation Patterns
Steve posted an update a year ago
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Steve posted an update a year ago
DXY dollar index has continued to plow ahead, rising for a fourth straight day and topping the 104.000 mark to hit 104.312. That’s the highest since mid-March and is up from the 101.011 low from April 13 that was the weakest since April 2022. And the buck has rallied against all of its G10 peers, suggesting a lot of the worries over a default… Read more
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A stronger dollar is good for the economy but not always good for the market. A weaker dollar is bullish for the market
Steve posted an update a year ago
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The IRS has made provisions for Americans to claim tax deductions on investments they make in their businesses like equipment purchases. If you recently purchased a business vehicle, even a luxury type like the Mercedes-Benz G-Wagon, you might qualify for a tax write-off.
With a gross vehicle weight of more than 6,000 pounds, the…
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