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Is Dollar Strength Another Trump Trade?
Don't look now, but the dollar's on track for its best month since the "dollar wrecking ball" days of September 2022.
You remember September 2022, right? The Fed was hard at work trying to prove something about the Committee's commitment to the inflation fight, and the accompanying dollar strength pushed the yen, the euro, the yuan and sterling (which was also grappling with Liz Truss's short-lived stint at No. 10) to the breaking point.
As the simple figure shows, the greenback's up more than
I believe America’s exceptionalism was increased productivity brought on by a focus on health, safety and environmental protections. Pollution, health and safety can negatively effect productivity by allowing those in the prime of life to die working or by poisoning our young to be doomed to a life of low productivity.
Yes in that view democratic norms where the masses have a say in demanding our society look after their interests is important, and possibly the causative philosophical factor. Productivity by health, safety and environmental protections are in this view a mechanistic factor.
To prove or disprove this estimation would take focused and serious effort. Anyone with high level economic capabilities want an engineer to help work with them on a proof?