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Recession and the Dollar's Impact
This chapter explores the potential fallout of a significant recession on the U.S. economy, particularly the drastic increase in the national deficit and its repercussions on foreign borrowing. It discusses the dynamics between the dollar, equity markets, and monetary policy, while also examining the political influences that shape fiscal strategies. As the chapter unfolds, the risks associated with rising interest rates and the government's debt burden are highlighted, raising critical questions about the future economic landscape.
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