4 ms·
It's really just that “money printer go Brrr” globally. All of the world's central banks are printing like mad. Both the EU and Japan both have negative intere
by reedjosh 4y ago
It's really just that “money printer go Brrr” globally.
All of the world's central banks are printing like mad. Both the EU and Japan both have negative interest rates atm.
- MikePlacid 4y agoRussia, while at war, is doing not that bad, surprisingly: https://www.xe.com/currencyconverter/convert/?Amount=1&From=RUB&To=USD https://www.xe.com/currencyconverter/convert/?Amount=1&From=...
- boc 4y agoThat's a very misleading metric since it doesn't reflect the real-life experience of most Russians looking to exchange money. It's just a show metric the government is maintaining.
- RC_ITR 4y agoBut then why is the most printed currency the one getting strongest fastest?
- aluminaient 4y agoGetting weaker more slowly*
- RC_ITR 4y agoYeah, which in a global energy crisis, is about the best you can hope for.
- mrep 4y agoThe euro zone and the US are neck and neck actually overall [0, 1] and if you measure it relative their gdp which you should, the eurozone is actually at 61% of gdp whereas the US is at 35% [2]. Japan is the real money printer though at a whopping 130% of gdp! [0]: https://fred.stlouisfed.org/series/ECBASSETSW https://fred.stlouisfed.org/series/ECBASSETSW [1]: https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm https://www.federalreserve.gov/monetarypolicy/bst_recenttren... [2]: https://blocnotesdeleco.banque-france.fr/en/blog-entry/understanding-expansion-central-banks-balance-sheets https://blocnotesdeleco.banque-france.fr/en/blog-entry/under...
- RC_ITR 4y agoAnd the offshore RMB<>USD is nearing the top of the government range why?