Quick dollar review for the twitter-verse.
1) The dollar is more or less range bound right now. I call this the @amlivemon $DXY range.
Why? He has figured out how the dollar effects EVERYTHING in geopolitics. The dollar spiking up too much is a disaster for the US.
1/5
1) The dollar is more or less range bound right now. I call this the @amlivemon $DXY range.
Why? He has figured out how the dollar effects EVERYTHING in geopolitics. The dollar spiking up too much is a disaster for the US.
1/5
The dollar going too low is a disaster for the world.
So, what does that mean? The governments of the world are ACTIVELY trying to keep the dollar in the 89-93 range on the $DXY.
2/5
So, what does that mean? The governments of the world are ACTIVELY trying to keep the dollar in the 89-93 range on the $DXY.
2/5
Unfortunately, the Biden administration is not good at its job. It has allowed the $DXY to get up into the 93 range and stay there.
3/5
3/5
Meaning that the dollar is now in a slightly higher range until someone competent in DC can get it back down (no, the Fed can't do it on its own).
The dollar may dip below 93 for a bit, but it will start to come back up and may touch 94 before the end of the year.
4/5
The dollar may dip below 93 for a bit, but it will start to come back up and may touch 94 before the end of the year.
4/5
If you see me refer to the @amlivemon dollar range, know that I am completely convinced that the geopolitical range that Albert has identified is what REALLY sets the price of the dollar not other factors. If you aren't following the dollar and Albert, you are an idiot.
5/fin
5/fin
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