2019年8月13日 星期二

Is the Dollar Rally the Same as the Great Depression?

www.armstrongeconomics.com

QUESTION:

Marty: If I have this correctly, you’ve said the Great Depression of the 1930s was a Global Capital Flow problem set in motion largely by sovereign debt issues that led to a massive capital flight into the dollar which created a tidal wave of deflation. Are we seeing this scenario today?

Cheers, TM

ANSWER:

Yes. It is the economic crisis outside the USA that is compelling the dollar to move higher. This is what caused deflation and ultimately forced Roosevelt to devalue the dollar. You can see the dramatic spike and rally in the dollar as Europe defaulted on its debts but the US held.

1 則留言:

JJ先生 提到...

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