Simon Shares Transaction Capital (JSE code: TCP) results where pretty much as expected. Management have essentially thrown the kitchen sink at everything. H2 will be tough but likely a little better. FY24 a clean slate. But market does not agree with me. Nutun doing good WeBuyCars under pressure, no surprise, consumer cracking SA Taxi real ugly, but as detailed in trading update US unemployment 3.4%. April CPI 4.9%. The end of the US$
Bretton Woods essentially created teh US$ as a reserve currency
Now all commodities trade in US$
The end of the US$ is as old as time, really kicked off with the advent of the Euro in 1999.
But who take over?
China, no? BRICS, that’s only China. Euro, but they don’t want a strong Euro and the world doesn't want the Euro either.That said, the US$ will lose influence over time. It has been and will continue to do so. One day it may well be over, but we're a very long way from that.
