Comments by "nuqwestr" (@nuqwestr) on "Thousands march against the French far right | DW News" video.

  1. The world economy has been using a system of national fiat currencies globally since President Richard Nixon suspended the dollar's convertibility to gold in 1971. You can blame De Gaulle for that, and the French dumping the Vietnam crisis on the US. As of June 7, 2024, the US Treasury yield curve was still inverted, meaning that short-term interest rates were higher than long-term interest rates. This inversion has been ongoing since early July 2022, and as of March 2024, it was the longest in history, surpassing the previous record of 624 days set in 1978. A strong recession has been predicted since 2022, two years ago, but has not happened. Why? BENGALURU, March 12 (Reuters) - A key indicator of an oncoming recession implied by the U.S. bond market is no longer reliable, according to nearly two-thirds of strategists polled by Reuters. Since the 2007-2008 global financial crisis, the Federal Reserve has on multiple occasions conducted aggressive buying of Treasury securities as part of is stimulus program, meaning it owns a much larger proportion of the market in its own portfolio than it did before. This time the "inverted curve" is managed and moderated by periodic rate changes, easing us out of both inflation and recession sometime in late 2025. Markets have already corrected and figure this in to pricing. You are incorrect.
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  2.  @victorvictor8830  I don't disagree, and my investments in net leases stocks are at risk, so I divested, even though they were paying a 5% quarterly dividend. However, I took that and made a bet I'm hoping will pay off based on the aging population of high income demographics around the world.
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  3.  @victorvictor8830  Dollar devalued, I lived that era 1974-1980, "Buy American" was the banner call after the "Nixon Shock" The Nixon shock was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States President Richard Nixon in 1971 in response to increasing inflation.
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  4. "If you are among the overwhelming majority of Americans who buy American-made products in America, your dollar will be worth just as much tomorrow as it is today. The effect of this action, in other words, will be to stabilize the dollar." - Richard Nixon 1971
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  5.  @victorvictor8830  That 80% service economy statement is misleading, California, if it were a country, would be the 5th largest economy in the world, and it is primarily "service" as in finance, insurance, intellectual property, and real estate.
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