TheOneX wrote: Sat Dec 30, 2023 8:00 pm
There are many reasons why the US dollar is doing so well right now. One reason is due to the Ukraine war we are now exporting a lot of natural gas to Europe. Probably the biggest reason is due to covid. Simply, we have the most robust economy in the world. We can just more easily take a hit to our economy and bounce back than every other country in the world due to our size and diverse economy. Our decentralized response to covid also helped as most countries had a more centralized response that more resembled California or New York than Texas or Florida.
Despite all the doom and gloom, the US economy is still in a position where it is more likely than not to continue to dominate the global economy for another 50 years.
That's because we sabotaged the Nordstream two.
This is all feeling like Smitty and Ukraine all over again.
TheOneX wrote: Sat Dec 30, 2023 8:00 pm
There are many reasons why the US dollar is doing so well right now. One reason is due to the Ukraine war we are now exporting a lot of natural gas to Europe. Probably the biggest reason is due to covid. Simply, we have the most robust economy in the world. We can just more easily take a hit to our economy and bounce back than every other country in the world due to our size and diverse economy. Our decentralized response to covid also helped as most countries had a more centralized response that more resembled California or New York than Texas or Florida.
Despite all the doom and gloom, the US economy is still in a position where it is more likely than not to continue to dominate the global economy for another 50 years.
Good points
My eyes say the economy is not as good as the numbers. I can't square the real cost of living in America right now, with the exhuberance on Wall St
TheOneX wrote: Sat Dec 30, 2023 8:00 pm
There are many reasons why the US dollar is doing so well right now. One reason is due to the Ukraine war we are now exporting a lot of natural gas to Europe. Probably the biggest reason is due to covid. Simply, we have the most robust economy in the world. We can just more easily take a hit to our economy and bounce back than every other country in the world due to our size and diverse economy. Our decentralized response to covid also helped as most countries had a more centralized response that more resembled California or New York than Texas or Florida.
Despite all the doom and gloom, the US economy is still in a position where it is more likely than not to continue to dominate the global economy for another 50 years.
Good points
My eyes say the economy is not as good as the numbers. I can't square the real cost of living in America right now, with the exhuberance on Wall St
It has to do with interest rates. When interest rates are high investors move their money into money markets, CDs, and the like to take advantage of the guaranteed returns. When interest rates are lower they put money into stocks. Because there was some good news on the inflation front, some investors believe interest rates are going to drop so they are moving their investments into stocks in anticipation.