CEW Emerging Market Currency Devaluation Continues

19 May 2023

Self explanatory. Emerging markets currencies keep printing in excess leading to devaluation for over 12 years straight. Needless to say it is now at a key area. (Red Arrow)

While it has not been talked about much. This has led to a mini emerging market currency crisis.

Turkey
Sri Lanka
Lebanon
Pakistan
Argentina
Venezuela
Egypt
Russia
Colombia

etc.. Adding zeros to money does not produce value for a currency. I find it bizarre that I even have to say it. But in this crazy world where #MMT runs around telling people "don't worry how you will pay for it" "Deficits are a Myth" and "there is no such thing as debt only assets" Some people have gotten confused as to what reality is and now believe they can vote themselves money.

1 Haz 2023

Not

As expected foreign currencies reversing right against that trendline.

19 Tem 2023

İşlem elle kapatılmış

Closing this position for macro reasons I won't discuss here.