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Will not happen
Posted on: May 23, 2024 at 16:18:57 CT
JimD MU
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Would you take economic advice from George Soros? He's a billionaire too. Dale has no special credentials, relationships or insight.
The ratios of debt and ability to repay it, strength of the economy, and very high sustained inflation rates are all signs of economic weakness that we would see lasting over a much longer period FIRST.
Second, if the US is vulnerable, as the world's reserve currency (and best), then we should expect to see other currencies such as the British Pound and the Euro outperform the dollar on a significant basis (with economies that also significantly outperform, yet we have not. All of the hand wringing over the projected demise of the dollar are in the very least premature. In fact, when the US makes fiscal and economic policy changes, the rest of the world watches and usually follows suit. Why, because the US levers have worked better than any other solutions because we have a strong economy, strong currency and generally competent leaders.
I have my concerns and criticisms of our government, the FED and economic policies made by our leaders, but they are not and have not been catastrophic decisions to this point.
Last, nobody with any credibility as saying the things guys like Dalio are calling for. Only magpies and the ignorant or the co-opted echo commentary like this with no real evidence.
The ratios of debt and ability to repay it, strength of the economy, and very high sustained inflation rates are all signs of economic weakness that we would see lasting over a much longer period FIRST.
Second, if the US is vulnerable, as the world's reserve currency (and best), then we should expect to see other currencies such as the British Pound and the Euro outperform the dollar on a significant basis (with economies that also significantly outperform, yet we have not. All of the hand wringing over the projected demise of the dollar are in the very least premature. In fact, when the US makes fiscal and economic policy changes, the rest of the world watches and usually follows suit. Why, because the US levers have worked better than any other solutions because we have a strong economy, strong currency and generally competent leaders.
I have my concerns and criticisms of our government, the FED and economic policies made by our leaders, but they are not and have not been catastrophic decisions to this point.
Last, nobody with any credibility as saying the things guys like Dalio are calling for. Only magpies and the ignorant or the co-opted echo commentary like this with no real evidence.
Please explain why this message is being reported.
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Will not happen - JimD MU - 5/23 16:18:57