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farragut

Joined: 02/26/2002 Posts: 91
Likes: 83


Emerging markets


are the polite term for nations we formerly called 2nd and 3rd world nations, while 1st world nations are now called developed markets. I could be making this up, but it seems like I read that somewhere long ago. :)

I think one of the main issues I should have stressed more in my OP, was the rest of the world is getting tired of being strapped to the back of a manic-depressive and petulant hegemon we call the US. Since most nations are wedded to the USD for trade reasons, they have to use it, but I'm betting they resent like hell being bullied and threatened by US sanctions and being cut off from SWIFT, the USD payments system based in Belgium.

In addition, the rest of the world is probably tired of funding our deficits and care-free lifestyle by recycling their dollar reserves into our Treasuries. Many would love to get out from under this terribly one-sided affair.

(In response to this post by eric cartman)

Posted: 10/29/2020 at 4:50PM



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Current Thread:
 
  
Big changes ahead for the US Dollar? -- farragut 10/29/2020 12:18PM
  Here comes the Yuan. ;) ** -- AcousticHoo 10/29/2020 11:06PM
  A penny is worth more than a penny...... ** -- Zhoo 10/29/2020 10:26PM
  So all my $3 bills are no good? ** -- Hoodaddy22 10/29/2020 5:54PM
  Question: Why do they call them emerging markets? -- eric cartman 10/29/2020 4:23PM
  Emerging markets -- farragut 10/29/2020 4:50PM
  I think he means this .... -- 1994Wahoo 10/29/2020 1:25PM
  OK, I going to have to watch that ** -- GoochlandHoo 10/29/2020 2:27PM
  Apologies -- farragut 10/29/2020 1:17PM
  Should have adopted the $2 dollar bill decades ago. -- HOOGATORB 10/29/2020 12:33PM
  What's a realistic replacement? ** -- carolinawahoo 10/29/2020 12:26PM
  Im long in hookers and blow ** -- U235 10/29/2020 4:19PM
  The Big Mac ** -- GoochlandHoo 10/29/2020 2:03PM
  Not so much a replacement, but -- farragut 10/29/2020 12:48PM

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