This Is Getting Dangerous... (Watch Asia)

Several countries across Asia are confirming they experienced major dollar funding losses last month amidst a cash crunch on surging demand for money to buy oil. Officials in Taiwan, Indonesia, India and in other places have had to scramble to contain the monetary pressure, causing several of them to expend significant reserves just to keep their currency values from plunging. Or, plunging more than they did. Eurodollar University's Money & Macro Analysis ---------------------------------------------------------------------------------- What if your gold could actually pay you every month… in MORE gold? That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month. Check it out here: https://monetary-metals.com/snider ---------------------------------------------------------------------------------- Taiwan’s Foreign Reserves Drop Most Since 2011 on Intervention https://www.bloomberg.com/news/articl... Bank Indonesia Prioritizes Stability as Rupiah Hits Record Lows https://www.bloomberg.com/news/articl... Indonesia’s FX Reserves Hit Two-Year Low on Rupiah Defense https://www.bloomberg.com/news/articl... India’s Central Bank Holds Rate, Vows to Curb Volatile Rupee https://www.bloomberg.com/news/articl... https://www.eurodollar.university Twitter:   / jeffsnider_edu