ilmscore | China Ditches US Bonds: How This Decision Affects You

China Ditches US Bonds: How This Decision Affects You

Published: 2024-06-07
Status: Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Prediction
Topic
Status
The speaker believes that the US dollar will become less dominant globally within their lifetime but will not be replaced by another currency.
"so maybe in my lifetime I'll see the dollar become less dominant on a global level but will I see the dollar become replaced by another currency I don't think so at least not in my my lifetime"
US Dollar Dominance
Pending
The Euro is a potential challenger to the US dollar's reserve currency status, but the Yuan and a BRICS currency are unlikely contenders due to a lack of trust between those nations.
"but if something does challenge the dollar it might be the Euro but I don't think it's going to be the Yuan or the joint bricks currency because I don't think those countries fully trust each other either"
Global Reserve Currency
Pending
A survey of global investment managers indicates that 18% plan to increase their US dollar holdings over the next 1-2 years, a threefold increase from the previous year.
"in a survey of global investment managers when they were asked what they were planning to do over the next 1 to two years with the kind of currencies they were holding the US dollar had by far the most positive responses with 18% saying they'd be adding to the US dollar which was three times higher than what it was last year"
Investment Manager Currency Preferences
Pending
12% of surveyed global investment managers plan to decrease their holdings of Chinese currencies.
"at the same time 12% of them said they'd be decreasing their Holdings of Chinese currencies"
Investment Manager Decreasing Chinese Currency Holdings
Pending