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RE: US Dollar Falls Again. Has The Dollar Bubble Burst? By Gregory Mannarino

in #money • 7 years ago

I think there are two main factors putting a lot of pressure on the USD:

  1. China and Japan have stopped/halted buying treasuries. So the US will have to monetize the current debt.
  2. The new Trump tax plan has a huge drawback... It cuts tax revenues BUT doesn't cut government spending to make for the loss in revenues. Therefore, a bigger deficit will happen and it will have to be monetized.

The dollar will not get stronger anytime soon.

7 years ago in #money by
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