Dr. Kobsak Pootrakool Executive Vice President Bangkok Bank and Chairman The Federation of Thai Capital Market Organizations (FETCO) posted a Facebook post saying that “the second wave of Perfect Storm!!!” regarding the volatility in global financial markets. When the US Federal Reserve or the Fed continues to insist on raising interest rates to combat inflation
by stating that
“Last night was another night of volatility in the global financial markets.
The Dow Jones is the lowest of the year, 30,000 points below the bottom of the first round of escape in June. and most importantly lower than the peak before the covid
It’s the highest revival with the 6,000-point bubble accumulating during two years of coronavirus. which vanishes like a dream It’s back to the original place!!!
Other asset prices Adjusted as well. WTI oil is below $80/barrel. To reduce inflationary pressures, most commodities dropped, while gold dropped to $1,650/ounce. Back to the beginning of COVID
U.S. 2-year bond interest rose above 4.2%, 5-year bonds were at around 4.0%, 10-year bonds were at 3.7%, 30-year bonds were at 3.6%, becoming a prominent inverted yield curve, warning regarding recession and 30-year mortgage interest. year, surpassed to 6.29%
It all comes from investors’ fears. In the Fed’s commitment to raise interest rates to deal with inflation as well as the followingmath of the Recession that is escalating to Global Recessions, affecting the bottom line of companies. and demand for products around the world
that still goes well The hottest asset, the US dollar, surged past 112.5 for the first time in years. As a result, other currencies made a new record low of many years as well, such as the euro, the yen, the yuan, the pound, the baht, all of which It comes from the differences between the policies and macro fundamentals of the world’s four major economies, the United States, Europe, Japan, and China that are driving global capital flows. This difference will stay with us for a while. keep the dollar strong pressure on the currencies of countries around the world
This is only the “early phase” of Wave 2 as Recession is approaching. The US real estate market has not really come down. The company has just begun to adjust. Only partially closed the business And just started to reduce employment!!!
This second wave effect Will not be limited to Wall Street and investors, but down to Main Street and ordinary people.
I’m rooting for everyone!!!
….
# view of the frame
#PerfectStorm
#second ripple
