Rising US Dollar May Foreshadow Global Credit Crunch
From blockworks.co
The United States dollar index dipped slightly Friday as the market remained volatile in the wake of this week’s Reddit-driven frenzy. As the fate of a stimulus package remains up in the air and the Federal Reserve continues to historically pump liquidity into markets, many fear for a long-term dollar downtrend. “The popular theory right now is that the Fed is printing money and they are going to print all these new dollars and, as a result, the dollar is going to lose value,” said Brent Johnson, CEO of Santiago Capital. “That’s kind of the current popular theory. And I think it’s completely wrong.” The U.S. faces no ...
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