Coelacanth

The U.S. Dollar: A New Accord

Striking isn't it? Since some others have already addressed it from a financial standpoint (which is just as easy for me to do by the by...) I'll offer something else to consider for those who are so ready to kill America and the dollar

If you haven't noticed by now....America appears to be on the precipice of re-inventing itself. They won't admit it, but Europeans sometimes resent our ability to do that.....makes them have to look at unpleasant sterotypes they hold about us like "America is run by stupid white men". Who's more progressive now? Far fewer minority faces in French media & politics compared to us.

America still spends more money on research and development than any other country on the planet and we have the finest universities in the world. Despite all the problems, and I agree there are many, the extreme doom & gloom almost appears chic and IMO is misplaced.

The Worst is Not Over and Neither is Fed Easing

I think you're right on the mark Ashraf.

Has the market forgotten there are other reasons for a rate cutting pause? Like giving previous cuts and stimulus time to further filter into the economy? That inflation reads and expectations are so high is an added bonus for Ben & Co.

I said elsewhere the market hasn't priced in the deeper and wider economic impact a hammered American consumer is going to have on growth down the road. If it had, fewer folks would be worried about what the Fed does or doesn't say about inflation tomorrow.