But maybe not, it depends on the deal. Longer term Fed independence, government agencies on Fed accounts, and a contract renewal option. There is a trade there that can favor the dollar.
- Both President Trump and presidential hopeful Senator Elizabeth Warren have floated the idea of weakening the dollar to help sell US exports.
- This is a dangerous idea.
- Weakening the dollar would scare the world away from US assets, hurt already weakening confidence in the US government, and potentially start a race to the bottom currency war with China that no one will win.
Sunday, September 22, 2019
The betting is that Trump or Warren will foul this up
Trump and Elizabeth Warren have the same very bad idea about the dollar
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