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The Dollar In Trump’s Second Coming
A word on the dollar. I suppose I should say another word on the dollar. I already spent a few minutes editorializing around the greenback's steep post-election rally in "MAGA High," but it bears further mention.
As noted, the rationale for dollar strength is that Trump's going to run-it-hot, so to speak, piling expansionary fiscal policy (from the supply-side, naturally) atop already robust growth, a conjuncture that's conducive to higher yields, a shallower Fed cutting cycle and, in all likel
Nice comparison w/ early 1980s and overview of factors affecting likelihood of strength vs. weakness. Important ‘player’ in the complex market pic not probably not getting enough attention. Thanks.
How tempting is it, for a spendthrift government to take control of the printing press? Tempting enough to change the Federal Reserve Act and risk a market shock?
Worth noting that there are a handful of old school GOP Senators who’d probably rather die than get into that kind of thing. You don’t want to set up a situation where — you know — President AOC gets to dictate monetary policy 20 years from now.