Episode 540
The end of the US$, agan? (#540)
WorldWide Markets with Simon Brown · JustOneLap.com
May 10, 202319m 2s
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Show Notes
Simon Shares
- Transaction Capital (JSE code: TCP) results where pretty much as expected. Management have essentially thrown the kitchen sink at everything. H2 will be tough but likely a little better. FY24 a clean slate. But market does not agree with me.
- Nutun doing good
- WeBuyCars under pressure, no surprise, consumer cracking
- SA Taxi real ugly, but as detailed in trading update
- US unemployment 3.4%. April CPI 4.9%.
Bretton Woods essentially created teh US$ as a reserve currency
Now all commodities trade in US$
The end of the US$ is as old as time, really kicked off with the advent of the Euro in 1999.
But who take over?
- China, no?
- BRICS, that's only China.
- Euro, but they don't want a strong Euro and the world doesn't want the Euro either.
That said, the US$ will lose influence over time. It has been and will continue to do so. One day it may well be over, but we're a very long way from that.