Doomsayer's Guide to the Dollar and Why It Could Keep Plunging

in #currencies6 years ago

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  • Maybe it is time ⌚ to go crypto before too late.

The dollar’s worst start to a year since 1987 may get a lot worse.
Regardless of whether the Trump administration wants a strong U.S. currency or not, this week’s plunge is breaching technical barriers that had stood as proverbial last lines of defense against a significant gap lower.

https://www.bloomberg.com/amp/news/articles/2018-01-25/a-doomsayer-s-guide-to-the-dollar-and-why-it-could-keep-plunging

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good article, there are other indicators as well that the US Dollar is not doing well (aside from the pump articles by nobodies in MSM telling people why they need the US Dollar).

The US Federal Reserve is uttering the same statements from back in 2008 before the crash then, and some indicators are looking worse right now than 1929 pre-crash numbers.

I wouldn't hold US Dollars if someone paid me to right now, especially if they were paying with US Dollars. I would if someone was paying me Yuan though.

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good article
thank you for sharing

Yup, n Malaysia currency keep going up, n steem dollar are getting down, not sure wat happen with that, but hope it won't influence steem dollar.

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