Short
EGPT Is In An Death Spiral
Egypt is In An Economic/Financial Death Spiral as the money supply rises (Red bars) the currency value collapses, Inflation soars (currently at 40%) the stock market in dollar terms collapses.
Sure on occasion you get fierce rallies on short covering rallies (as you can see several on the chart) but ultimately it only leads to lower and lower prices in $ terms.
Since 2010 EGPT ETF has lost over -82% of its value in dollar terms.
Great Risk-reward setup presents itself for yet another short
I know people only hear what they understand. I hope more people on Tradingview expand their understanding of macroeconomics (understand me better) and start taking advantage of easy profits.
Sure on occasion you get fierce rallies on short covering rallies (as you can see several on the chart) but ultimately it only leads to lower and lower prices in $ terms.
Since 2010 EGPT ETF has lost over -82% of its value in dollar terms.
Great Risk-reward setup presents itself for yet another short
I know people only hear what they understand. I hope more people on Tradingview expand their understanding of macroeconomics (understand me better) and start taking advantage of easy profits.
Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.