business

Asian shares mostly lower as recession fears deepen

4 Comments
By ELAINE KURTENBACH

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4 Comments
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It's clear that the strength of the USD has been destroying economies worldwide and destroying purchasing power of the middle class worldwide, and yet people seem to be more inclined to divert blame to others like the Japanese government or the Russia-Ukraine war. Even if either of the two have had a dubious impact on the world economy, it is still the case that the USD is causing huge turmoil and that there needs to be serious effort to stop the USD from causing widespread economic damage globally. Even news outlets such as the NYT and WSJ realise the situation and are calling the USD a problem for the world.

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And the people in the photos mean what exactly? I hope you guys at least got their permission to put them in this article....

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Fears?

We are already in a recession if I may say so

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Agree. Recession is clearly here as is are price increases way above what is being published by government agencies.

Its not the "rise of the US dollar". It's the rapid decline in the value of the other DXY components.

All fiat currencies are losing value rapidly.

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