Measured against a trade-weighted basket of currencies, the US dollar is stronger than it has been in a generation. But are we observing dollar strength, or just weakness of the Eeuro and the Japanese yen? Japan’s government debt stands at a tippy 266% of GDP, vs. only 138% for the United States. It no longer […]
The dollar is weak, not strong
With NASDAQ down by a third from its year-end peak, America’s capacity to trade paper for goods is diminishing
