
Hugh Hendry on the "Terrifying" Yen Move, and Risk of "Mad Max" Deflation
Odd Lots
Fiscal Policy Transforming US into Global Economic Locomotive
The US needs to invest in risk-free US treasuries to maintain advantages while running huge deficits for funding infrastructure and services. Implementing the Great Inflation Reduction Act has allowed the US to pay for the import of technology and manufacture locally, making it the economic leader worldwide. The US dollar's strength was not anticipated, leading to significant consequences for other currencies like the Japanese yen.
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