Loading ...During the Trump hoopla, everybody and their uncle was saying the dollar was in a bull market. Widely held opinions are generally wrong. I told my friends the prior trends were still intact, but the Trump campaign disrupted the trends, and the Dollar had to go lower, simply because it was NEEDED for the US Economy.
Yesterday I heard Treasury Sec Mr. Munchkin say that in the news. “weak dollar good” well I said it first, and btw I NEVER heard them say that on TV. For DECADES they said a strong dollar was good for the country. After the ’08 crash I heard Obama pump made in USA. First time for that too from any prior president.
Besides that, anybody that implies “weakness” or “strength” re US Dollar, is suggesting those currencies are separate and independent and compete against each other like a horse race. In my view the currency values are globally “adjusted” as needed. They can “Nudge” the direction they want, with the dollar, in the media and futures market, and then the futures players can continue their game, thinking they are playing natural and free markets.
There are actually only TWO currencies…
#1 Is the US Dollar.
#2 Is ALL the other currencies. Take a look for yourselves. Everything is priced in adjust-o-bucks.