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The Strength of the Dollar Versus Other Currency
In the 19 seventies, the dollar was falling in value from the end of the gold window until you got to this period with paul voker. And what it does look like is j powell trying to imitate what paul volker, the former fed chairman, did back in 19 79. However, what is clearly different this time is the strength of the us. Dollar verses other currencies around the world. Which means, if you think it's bad in the us, it's a lot worse everywhere else because of the strength ofdollar. What does this all mean for the future? Well, we can take a look at our crystal ball. I've got sevral here