Once the war officially ends, the Dollar will start tumbling
Interesting and forward looking.
You always seem Robin to oppose a weaker currency - perahps because it buys less foreign currency?
But given the serious US trade deficit, a devalued dollar will help US exports and provide some non-tariff protection to US manufacturers.
My position could be sneered at as not macho enough, but the US does need to export far more manufactures. Or so I believe. Do you? Ian
QT UNDER WARSH COULD BE ANOTHER STORY
Agreed, apart from the JPY… which is doomed to stay in recent ranges
Interesting and forward looking.
You always seem Robin to oppose a weaker currency - perahps because it buys less foreign currency?
But given the serious US trade deficit, a devalued dollar will help US exports and provide some non-tariff protection to US manufacturers.
My position could be sneered at as not macho enough, but the US does need to export far more manufactures. Or so I believe. Do you? Ian
QT UNDER WARSH COULD BE ANOTHER STORY
Agreed, apart from the JPY… which is doomed to stay in recent ranges