The New CS Board

[jumanji0881]

Will Biden's Spending Spree Shake Confidence In The World's Reserve Currency : https://www.zerohedge.com/markets/will-bidens-spending-spree-shake-confidence-worlds-reserve-currency

My Comment : The national debt, now at more then $28T, is expanding at a rapid rate and I expect it to reach $30T this FY and $40T by 2025-2026. Combined with inflation, the US$ will depreciate rapidly. And watch rates continue to climb.

Excerpt:
External imbalances accompanied the dollar bear market that began in the early 2000s. The ICE Dollar Index peak in 2020 is set up for another secular decline with the U.S. twin deficits already clocking in around 19% of GDP in the final quarter of 2020, before the latest infrastructure pledge.

Ultimately, U.S. growth boosted by free-flowing fiscal taps comes with an eventual price tag of a weaker greenback. Ballooning budget shortfalls, the risk of depleted private savings and U.S. strength feeding into widening trade deficits can finally shake confidence in the world’s reserve currency.