19th century crypto recession risks and the Hunt the havens
, here's three things to watch foreign markets this week
, 19th century crypto when central banks think about developing
their own digital currency. Their number one concern isn't
about being at the frontier of payments. Rather they're
looking to reestablish an old 19th century relationship between central
banks and ordinary people, Where institutions, rather than
private companies control the production of money. It's no
surprise then that the us is rushing to develop guardrails
for stable coins which are privately developed kryptos that are
linked to traditional commodities and currencies recession risk, inverting
yield curves and soaring inflation. Has the markets worried
about a recession, the IMF is poised to cut
its global growth forecast for 2022 on the back of
the war in Ukraine and the central banks moved to
tighten monetary policy, which could come as a big
shock to emerging-market nations. One bed study has warned
the global economy would be unlikely to escape a recession
without the resumption of Russian energy exports. This year
, the Hunt, the havens geopolitical risk and a
hawkish Federal Reserve has gone strategists on the Hunt for
havens. The dollar may seem like the obvious choice
in this environment of escalating global tensions. Other fund
managers are looking to chinese rates with china's easing of
policy standing in contrast to the Feds tightening commodity currencies
like the Aussie dollar or the Norwegian Krone, which
can be vulnerable to risk off shocks, could also
actually benefit in this environment of rising energy crisis.
This is market bites. I'm Libby cherry and for
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