Converation thread

What are you talking about? The global market for US dollars is the largest, deepest and most liquid market in the world. The demand for US dollars is greater than any item on the planet. In fact, the USD appreciated so much in 2022 that it was **** ing up entire nations economies

This is 2023. The debt ceiling crisis, sovereign ratings downgrade, fallout from the Ukraine crisis, rising economic and geo-political tensions with China, are all real. I'm not saying that doomsday prophecies are credible, but discussing issues as part of an alternative economic agenda is valid. Derek's tweet that everybody else except the USA is in trouble, is empty chest-thumping.

The dollar certainly isn't weak yet, but the trajectory going forward is much less certain, than the self-congratulatory experts believe.

So your argument is that the dollar shows every sign of being the most solid, dependable investment in the entire world as of this date, but it might in the future become less so, so we need to completely revise how we manage it so to make sure it doesn't become less stable?

If anyone is convinced that the US Fed has done a stellar job, and their loose monetary policy for far too long, didn't create asset bubbles, or that they didn't get their basic job of forecasting inflation horribly wrong by repeatedly dismissing it as “transitory”, or they didn't look foolish insisting that the “banking system is sound”, days before multiple regional banks starting collapsing, then that's a view they are entitled to. Secondly, the debt ceiling fiasco and sovereign ratings downgrade are important events/ indicators tracked globally…  Read more, even if supporters of Bidenomics would rather ignore it. As far as the dollar being a “solid investment” is concerned, just explore the recent movement among several major economies to begin settling bilateral trade in currencies other than the US dollar. $ won't be dethroned overnight, but if you think its reign will be unchallenged anymore, that again is your choice.