Would A 2020 Plaza Accord Help Restore Faith and Confidence in the Markets?


plazaaccord #centralbanks #dollar #intervention #stockmarket #bondmarket

Today I discuss whether a 21st-century version of the 1985 Plaza Accord would help restore faith and confidence to the financial system. There has been talk on mainstream outlets like CNBC that the major Central Banks could announce concerted action to decrease the value of the dollar as they did in 1985.

Personally, I think such kind of action by the Powers that Be might give the markets some relief in the short term but in the medium to longer-term investors and speculators would use it as an opportunity to liquidate assets.

My conclusion is that was the stimulus that has been already announced by the Central Banks and governments have not really helped stabilise the markets and that something much bigger than just a group of Central Bankers getting together to intervene in the foreign exchange market is required to right the ship.

Plaza Accord: https://en.wikipedia.org/wiki/Plaza_Accord

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Comments 8


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21.03.2020 10:32
0

Thanks again for helping me keep up, Maneco64. Yes, I believe something big is about to happen.

21.03.2020 16:27
0

Hi @cv3, You are always welcome.

21.03.2020 20:14
0

Another 3 weeks like the last three and The People will be begging for a 2020 Plaza Accord to restore faith & confidence in the system

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21.03.2020 17:32
0

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21.03.2020 19:52
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21.03.2020 20:50
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22.03.2020 01:05
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