🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

Big move in Taiwan's dollar tonight, and on Friday. The currencies of Asian surplus countries were depreciating v the dollar for so long that it seems like some folks forgot about just how big some of the surpluses are.

USDTWD 9.15% two-day decline. Lesson for me: don't try to pick a bottom. 61.8% retracement of the entire move from December 2021 lows

TWD move is having knock on effect across Asian currencies.

Just remember that it’s a bumpy road and it takes months or years not days or weeks. Seems fitting to quote Buffett today: “The stock market is a tool for transferring wealth from the impatient to the patient.” But, what does he know about markets?

TRADE DEAL! TRADE DEAL! TRADE DEAL! Trump announces MASSIVE TRADE DEAL, the first of 22 major deals coming this week. It’s big and it’s beautiful. No one thought it was possible. People can’t believe it’s happening. It’s too good to be true.

Let’s try again: TRADE DEAL! TRADE DEAL! TRADE DEAL! Trump announces another MASSIVE TRADE DEAL, the 2nd of 22 major deals coming this week. It’s big and it’s beautiful. No one thought it was possible. People can’t believe it’s happening. It’s too good to be true.

So much winning, it’s getting hard to keep up with it.

Have no fear because… The Chinese will be paying the tariffs, just like The Mexicans paid for the wall.

This should end the Bear Market rally unless Besssent can pull out some yuge trade deals (cough, cough).

Make Inflation Real Again (MIRA)

Inflation drivers: Up = Tariffs (2.25%) Down = Recession

Let’s try again: TRADE DEAL! TRADE DEAL! TRADE DEAL! Trump announces another MASSIVE TRADE DEAL, the 3rd of 22 major deals coming this week. It’s big and it’s beautiful. No one thought it was possible. People can’t believe it’s happening. It’s too good to be true.

This is the plan of a concept of a deal.

Trump announces the intent of developing a framework for formulating a concept of a firm plan of negotiating a trade deal

y'all realize the UK is only about 3% of U.S. trade, the U.S. already runs a surplus there, and the 10% U.S. tariffs will stay, right? keep in mind that studies indicate U.S. consumers shoulder the majority of tariff incidence, with minor incidence to foreign countries

Looks like the Brits took Donald to the cleaners!

Most of what China didn’t export to the US was exported to the ROW. China may be sidestepping Trump tariffs by shipping via Asian countries. Result: Chinese don’t buy US goods, but US keep buying relabeled Chinese goods albeit at slightly higher prices.