Loading ...Dollar will ‘turn very sharply very soon’ as GDP growth is nonsense says Shadowstats.com
Right now, we have a big distortion in the market, and that is the strength of the US dollar,’ says Shadowstats.com economist John Williams. ‘I contend the dollar should be getting much weaker, and indeed it’s going to turn very sharply very soon, and that will be an approximate trigger for a major upturn in inflation.
‘The reason the dollar is strong right now… the US economy is booming, if you believe the statistics. Main Street USA doesn’t believe the statistics. The rest of the world is in recession, and guess what? We’re in recession too. We’re just not reporting the numbers as accurately as the rest of the world