What’s the article have to say about why the selloff is strange?
it reflects something more ominous as President Donald Trump tries to reshape global trade: a loss of confidence in the U.S.
Global trust and reliance on the dollar was built up over a half century or more … But it can be lost in the blink of an eye
the dollar has fallen 9% against a basket of currencies, a rare and steep decline
It is no longer hyperbole to say that the dollar’s reserve status and broader dominant role is at least somewhat in question
the ballooning U.S. federal debt, which is already at a risky 120% of U.S. annual economic output … Most countries with that debt to GDP would cause a major crisis
he will force interest rates lower to boost the economy even if doing so risks stoking runaway inflation. That is a sure fire way to get people to flee the dollar.
This is the first step down a slippery slope where international confidence in the U.S. dollar is lost
Hm, strange indeed. It’s just happening on its own and nobody can put their finger on why. Better say it’s “strange” and not “POTUS is intentionally destroying the US’s global standing via disastrous and illegal policy”
This is the AP bullshit I keep talking about in those stories about how the whitehouse has drop-kicked them from the press pool. And I keep getting downvotes from well-meaning journalism students who think the AP is not as bad as the NY Post.
What’s the article have to say about why the selloff is strange?
Hm, strange indeed. It’s just happening on its own and nobody can put their finger on why. Better say it’s “strange” and not “POTUS is intentionally destroying the US’s global standing via disastrous and illegal policy”
Isn’t a purposeful weakening of the dollar his entire “mar-a-lago accord” strategy?
Yes he mentioned wanting to devalue the dollar during his campaign. Everyone not in the cult thought that was stupid at the time. Still do
This is the AP bullshit I keep talking about in those stories about how the whitehouse has drop-kicked them from the press pool. And I keep getting downvotes from well-meaning journalism students who think the AP is not as bad as the NY Post.