Thread (Goods, Services, Federal Reserve and DXY)

1/4
The #COVID19 pandemic resulted in increased Goods consumption. The Services to Goods consumption meant increased Trade Deficit for US. That was negative for Dollar. That was in 2020.

2/4

The pre-pandemic US retail sales were at $525 bn per month. This is hovering at about $625 bn per month.

This resulted in massive Current Account Surplus in EZ/ China

The reopening of economy means Normalization of Services consumption and reduction of Goods consumption.
3/4

This reopening of US will result in reduction of US merchandise trade deficit. Positive for #DXY

The reopening of Emerging Market economies will result in reduction of Current Account Surpluses or increase in Deficit. Positive for Dollar.
4/4

There is CB policy divergence also at play. Hawkish Federal Reserve and Dovish ECB. Again positive for $DXY

The Jackson Hole Conference and September #FOMC will become important for DXY trajectory

It's clear that dips are to be bought in Dollar

Thanks for reading!

=END=

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Ivor Cummins has been wrong (or lying) almost entirely throughout this pandemic and got paid handsomly for it.

He has been wrong (or lying) so often that it will be nearly impossible for me to track every grift, lie, deceit, manipulation he has pulled. I will use...


... other sources who have been trying to shine on light on this grifter (as I have tried to do, time and again:


Example #1: "Still not seeing Sweden signal versus Denmark really"... There it was (Images attached).
19 to 80 is an over 300% difference.

Tweet: https://t.co/36FnYnsRT9


Example #2 - "Yes, I'm comparing the Noridcs / No, you cannot compare the Nordics."

I wonder why...

Tweets: https://t.co/XLfoX4rpck / https://t.co/vjE1ctLU5x


Example #3 - "I'm only looking at what makes the data fit in my favour" a.k.a moving the goalposts.

Tweets: https://t.co/vcDpTu3qyj / https://t.co/CA3N6hC2Lq
1/ Here’s a list of conversational frameworks I’ve picked up that have been helpful.

Please add your own.

2/ The Magic Question: "What would need to be true for you


3/ On evaluating where someone’s head is at regarding a topic they are being wishy-washy about or delaying.

“Gun to the head—what would you decide now?”

“Fast forward 6 months after your sabbatical--how would you decide: what criteria is most important to you?”

4/ Other Q’s re: decisions:

“Putting aside a list of pros/cons, what’s the *one* reason you’re doing this?” “Why is that the most important reason?”

“What’s end-game here?”

“What does success look like in a world where you pick that path?”

5/ When listening, after empathizing, and wanting to help them make their own decisions without imposing your world view:

“What would the best version of yourself do”?