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The Power of The Dollar 🧵
[a thread for normies -like me]
[a thread for normies -like me]
Long periods of #dollar-strength often ended with massive financial dislocations like the Latin American #debt crisis of the 80s and the Asian crisis of the 90s.
Oppositely, long periods of a weakening dollar came with strong markets like between 2003-2007.
1/20
Oppositely, long periods of a weakening dollar came with strong markets like between 2003-2007.
1/20
Although the #USdollar is not itself an asset, cash is.
The dollar is the most common currency in which assets are quoted and exchanged in #financialmarkets and the economy.
It's the world's reserve currency (for now at least...) 2/ 20
The dollar is the most common currency in which assets are quoted and exchanged in #financialmarkets and the economy.
It's the world's reserve currency (for now at least...) 2/ 20
