Deja Vu All Over Again… Again – Ep 857
The Peter Schiff Show Podcast
00:00
Stock Market - Is the Dollar a Victim of the Fed's Success?
The dollar got hit hard on Wednesday and in fact it's falling again here on Friday morning. I expect the decline to accelerate especially after we close below 105. Then I think we can really start seeing a weakening dollar which is going to be very problematic for the Fed because the weakening dollar will put more upward pressure on inflation. Ironically of course the reason the dollar is weakening is because the markets think that the Fed is winning his fight against inflation. That is removing the supports from beneath the dollar causing the dollar to tank. And now the very inflation that the markets thought the Fed was making progress in fighting is actually going to get worse.
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