For decades, terms of trade signals were reliable predictors of the direction and scale of commodity currency movements. Not so in the 2020s ...
Meanwhile every country thinks it's their own fault. https://x.com/PierrePoilievre/status/1862136406778277908
The SPX is up 170% from COVID lows. How much CAD / AUD / NZD wealth has bought the USD and invested in US Equities / 'Mag7' over the past 4-5 years? Might explain a fair bit.
Impressive
What an interesting finding. I look forward to Part 2.
Meanwhile every country thinks it's their own fault. https://x.com/PierrePoilievre/status/1862136406778277908
The SPX is up 170% from COVID lows. How much CAD / AUD / NZD wealth has bought the USD and invested in US Equities / 'Mag7' over the past 4-5 years? Might explain a fair bit.
Impressive
What an interesting finding. I look forward to Part 2.