Goldilocks’ Comments and Global Economic News Monday AM 2-12-24
Good morning ,
“The changes to operations in the country’s FX market imply that Nigeria has eased its control of the Naira, allowing the local currency to float freely.”
Nigeria is moving to a free-floating exchange rate. In other words, Nigeria is allowing their currency to be determined by supply and demand inside the market.
Here, the Central Bank will not be influencing the external value of their currencies’ exchange rate.
© Goldilocks
Gatekeepers News
Investing in Gold: Is Gold Still a Good Inflation Hedge in a Recession? | Bloomberg
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CURRENT SITUATION
1. Stocks are trading like the Fed already cut rates
2. Bonds are trading like rate cuts aren’t happening
3. Gold is trading like we are on track for a “soft landing”
4. Oil prices are trading like we are entering a recession
5. Housing markets are trading like nothing is happening
Nothing adds up here.
@KobeissiLetter
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MC Explains: All you need to know about programmability and offline functionality proposed in CBDC pilot. | Moneycontrol
During monetary policy review, Reserve Bank of India (RBI) Governor Shaktikanta Das on February 8 proposed additional use cases for central bank digital currency (CBDC) pilot projects.
To make it attractive and increase the adoption of CBDC, Das said that the digital currency would be programmed to help cater to specific end uses and also make it usable in areas with poor or no internet.
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15 Strongest Currencies in the World in 2024 – Insider Monkey
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Bidenomics is failing, the people know it now. The farmers are now feeling the pain. When Trump was in the WH he gave the tariffs to the farmers to help them. Now the farmers are in trouble. Putin is now letting everyone know the world is moving away from the Federal Reserve note. | X22report
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