Madelin (@madelinvos) 's Twitter Profile
Madelin

@madelinvos

Follow me to learn about macroeconomics, monetary policy and bitcoin. ambassador Financially Fit Kids Foundation & a passion for spreading knowledge.

ID: 1820881332991373312

linkhttp://madelonvos.nl calendar_today06-08-2024 17:55:31

24 Tweet

50 Followers

8 Following

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The EU is considering a 25% import tariff on US goods as a response to earlier American measures. This could further escalate the trade war, with renewed market volatility expected tomorrow.

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Breaking: China has hiked import tariffs on U.S. goods to 84% in response to America’s 104% tariffs on Chinese products. This escalation in the trade war between the world’s two biggest economies has once again triggered sharp drops in global markets.

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Now that China raises tarrifs on us goods to 84%, markets are down: S&P 500 futures fell 1.7% Dow Jones futures slid 2.01% Crude Oil -7% FTSE fell 4% Long term, this could cause economic damage and spark a prolonged period of uncertainty in global trade.

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De-dollarization is getting real: China & Russia are settling energy trades in Bitcoin, Bolivia wants to mine BTC with surplus power, and France’s EDF is exploring it too. Bitcoin is moving from speculative asset to functional money.

De-dollarization is getting real: China & Russia are settling energy trades in Bitcoin, Bolivia wants to mine BTC with surplus power, and France’s EDF is exploring it too. 

Bitcoin is moving from speculative asset to functional money.
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Breaking: The White House just announced new import tariffs on China: 145%. The Nasdaq 100 instantly tanked, dropping as much as 5.1%. The S&P, the Dow and bitcoin are also plunging.

Breaking: The White House just announced new import tariffs on China: 145%.

The Nasdaq 100 instantly tanked, dropping as much as 5.1%.

The S&P, the Dow and bitcoin are also plunging.
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Once again, massive turmoil on the financial markets: •The dollar just hit a 15-year low against the Swiss franc. •Bond markets are imploding, with yields spiking to record highs. •Gold is breaking new records. Classic signs of systemic stress.

Once again, massive turmoil on the financial markets:

•The dollar just hit a 15-year low against the Swiss franc.
•Bond markets are imploding, with yields spiking to record highs.
•Gold is breaking new records.

Classic signs of systemic stress.
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Remember when 3% inflation felt high? Try 6.3%. That’s what U.S. consumers now expect for the next 12 months. The highest since 1981. Not during dotcom. Not in the Great Recession. Now. Markets are nervous. Households feel it. Central banks? Still stuck in yesterdays models.

Remember when 3% inflation felt high? Try 6.3%.

That’s what U.S. consumers now expect for the next 12 months.

The highest since 1981.

Not during dotcom.
Not in the Great Recession.

Now.

Markets are nervous. Households feel it.
Central banks? Still stuck in yesterdays models.
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Gold is soaring again, hitting a new all-time high. With geopolitical tensions rising, it’s not just central banks…. Investors are also flocking to gold. ETF purchases are picking up sharply too. In times of uncertainty, gold is the go-to safe haven.

Gold is soaring again, hitting a new all-time high.

With geopolitical tensions rising, it’s not just central banks…. Investors are also flocking to gold. ETF purchases are picking up sharply too.

In times of uncertainty, gold is the go-to safe haven.
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China now faces tariffs of up to 245% on exports to the U.S., according to the White House. The move comes in direct response to China’s retaliatory actions. This signals a sharp escalation in the trade war, potentially impacting global supply chains, prices, relations.

China now faces tariffs of up to 245% on exports to the U.S., according to the White House. 

The move comes in direct response to China’s retaliatory actions.

This signals a sharp escalation in the trade war, potentially impacting global supply chains, prices, relations.