Bonds and Fixed Income

[gfp927z]

The dollar continues to get clobbered, and is down at key support from last year (Jun-Jul low, Sept low). The $USD chart is looking ominous, and if this support breaks, then it's a ~10% drop to next support.

The 'cheaper dollar' goal of the Trump team might have been OK decades ago, but not with the current global de-dollarization, 'sell America', etc. Trump's trade advisor Peter Navarro is stuck in another era. There just isn't time to re-industrialize the US, unfortunately. The debt bomb will get us first.

The goal should be to shore up the US dollar system and try to keep our remaining allies in the US fold. But the opposite is happening, on steroids. And another big trade deal announced today between the EU and India. Europe and Canada both move toward BRICS and away from the US, and at this rate the US will soon be completely alone. And most importantly -- with no one showing up at our Treasury auctions. If us I-Hubbers can see the obvious, why can't Trump $ Co?



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