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The pound went down on “rapid external tightening” which had accelerated dramatically last week.

Several crucial thresholds were crossed in the week before the flash crash in Britain's pound. China's yuan and India's rupee, two countries with vastly different situations yet both sinking in the same ($) boat along with New Zealanders and also the Brits. But why? It's not about the dollar rising, but what makes it rise. Even Paul Krugman can see it's not the Fed.

Eurodollar University's Money & Macro Analysis

Twitter: @JeffSnider_AIP
eurodollar.university
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RCM essay discussed here: The Planet Has a Eurodollar Problem, Not a Dollar Problem

https://www.realclearmarkets.com/articles/2022/09/16/the_planet_has_a_eurodollar_problem_not_a_dollar_problem_853940.html

Paul Krugman NYT: Wonking Out: The Mysteries of the Almighty Dollar
https://www.nytimes.com/2022/09/09/opinion/united-states-dollar-euro-currency.html

RealClearMarkets Essays: https://bit.ly/38tL5a7
Epoch Times Columns: https://bit.ly/39ESkRf

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DISCLOSURES
Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment advice or recommendations on behalf of AFA. The Promoter is being compensated by a fee arrangement: The Promoter will receive compensation on a quarterly basis, based on the increase in account openings that can be reasonably attributed to the Promoter's activity. The Promoter will not be receiving a portion of any advisory fees. The Promoter has an incentive to recommend the Adviser because the Promoter is being compensated. The opinions expressed on this site and in these videos are those solely of Jeffrey Snider and Eurodollar University and do not represent those of AFA.
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Jeffrey P. Snider
Jeffrey P. Snider is the head of Global Investment Research of Alhambra Investment Partners (AIP). Jeffrey was 12 years at Atlantic Capital Management where he anticipated the financial crisis with critical research. His company is a global investment adviser, hence potential Swiss clients should not hesitate to contact AIP
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