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stocksmadesimple's avatar

Thanks for the write-up! Delicate times..! Looking out how Trump's rethorics change from now on 👀

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Dave Price's avatar

Vance said in a recent interview that the U.S. borrows and buys from “Chinese Peasants” and “that is not a recipe for economic prosperity.” I’m not sure if he’s ignorant or purposely using simplistic ignorant rhetoric to justify their actions. Seems to hide the fact that you make perfectly clear, the relationship between the strength of the dollar as a reserve currency and the building out of manufacturing abroad and cheap goods. Obviously inflation will weaken the dollar, but does this tariff war and international softening towards U.S. debt pose an existential threat to the dollar as a reserve currency globally? I would tend to think so, and that would be pretty catastrophic for the U.S. economy. The result being probable runaway inflation, and sky rocketing yields for treasuries.

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