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Peter Chef challenges the dominance of the United States after recounting Chinese consumption in Elon Musk – a 50 % decrease in the dollar, can ship the global base for consumers in China – Tesla (Nasdaq: TSLA), Deutsche Bank (Nyse: DB)

Economist Peter Chef The challenge of the traditional wisdom that China needs to the United States is more than vice versa, and it is wondering about the importance of consumer demand in the United States truly a manufacturing engine in China, amid an increase in the base of consumer medium -class.

What happened: On Sunday, Chef, a audio critic of the president Donald Trump Customs tariff policies, which pushed back against an increasingly supportive novel that claims that China does not have two alternative buyers for its manufactured goods alongside American consumers, in a post on X.

Chef said: “It is said that there is no way that China can find buyers of its manufactured goods without consumers in the United States.” “But we are only 4 % of the world’s population.”

Chef claims that the real restriction of global consumption is artificially inflated US dollar. He argues that if the dollar will lead to a 50 % decrease against a basket of global currencies, “Fura and the income of the other 96 % will double,” which strengthens the purchasing power of “other customers” in China.

Watch more: Peter Chef says Trump’s tariff is 100 % on foreign films “meaningless”

This explains more by mentioning that the demand in the United States is the dollar exchange rate function. “If the dollar decreases for other currencies, the purchasing power of the Americans is transferred abroad,” says Chef. In other words, with the weakness of the dollar, consumers in other countries acquire a greater purchasing power.

newly, Tesla Inc. CEO, Elon Musk, He said in a publication on X that China has already been a much larger consumer of manufactured goods than the United States, adding that “this year, Chinese consumers will buy more cars from America and Europe combined.”

This was a response to an article about X by the director of hedge funds Ray DalioWith regard to how “the role of the United States as the largest consumer in the world for manufactured goods and the largest product of debt assets to finance excess consumption is not sustainable.”

Why do it matter: The US dollar has Under pressure Throughout the past month, it slipped to the lowest level in mid -April for three years, before recovering some land during the past week.

Analysts in Deutsche Bank Ag It was called “Speaking Camps” of American origin, with stocks, bonds and dollars, all of which decrease side by side.

Chef has repeatedly argued that the strong yuan and the weakest US dollar may actually benefit Beijing by promoting local consumption, while facing the narration that China will provide. Avoid throwing the cabinet for us To protect its economy.

He also said, early last month, that China could sell the US dollar and the Treasury, while the euro and the Bund store. “This will allow [European Central Bank] To maintain low interest rates and inflation and China to sell more goods to the European Union, “according to Chef.

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