Solid analysis, because I agree! Regardless of what happens to the dollar, the forces of instability remain viable. The US action to punish Russia added a note of uncertainty to the currency market.
The real damage might be the Sauds along with others reducing output with no US response. They are expecting a world slowdown. I guess. But it will increase inflationary factors. The Fed will likely allow devaluation to continue at a 5% rather than a 2% rate if only to ease debt service burden and bank losses. This exports even more inflation to the world but still the US remains a safer haven for large capital. Billionaire could care less about 5% but the poor everywhere will suffer.
Unclear if the US will see a public revolt against management. The system rigging might take some time to unwind. But if the current incompetence continues and polarization prevents reform, trouble ahead.
Solid analysis, because I agree! Regardless of what happens to the dollar, the forces of instability remain viable. The US action to punish Russia added a note of uncertainty to the currency market.
The real damage might be the Sauds along with others reducing output with no US response. They are expecting a world slowdown. I guess. But it will increase inflationary factors. The Fed will likely allow devaluation to continue at a 5% rather than a 2% rate if only to ease debt service burden and bank losses. This exports even more inflation to the world but still the US remains a safer haven for large capital. Billionaire could care less about 5% but the poor everywhere will suffer.
Unclear if the US will see a public revolt against management. The system rigging might take some time to unwind. But if the current incompetence continues and polarization prevents reform, trouble ahead.