A New Commodity Bull Market Must Come With a Weak US Dollar
Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
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In our view, Trump 2.0 wants a strong US dollar because it helps on-going tariff negotiations and the President’s demand that more firms produce in the US homeland. The Fed/ Treasury may be party to these ploys, and this may explain both the Fed’s reticence about future QE and the Treasury’s reluctance to use the TGA, which in the past has been emp... See more
Michael Howell • US Fed QE Needs to Restart Fast
Emerging markets are responsible for the majority of marginal economic growth and commodity demand growth in the world, since they collectively have a larger population and have far less per-capita commodity usage as a starting point compared to developed markets. Emerging markets also have a lot of dollar-denominated debt, which is lent to them fr
... See moreLyn Alden • Deep Dive: Emerging Markets
The goal?
A weaker dollar to unlock a global liquidity boom.
Weaker dollar =
• Cheaper debt
• Higher risk appetite
• Surging EMs
• Rising crypto
• Exploding asset prices
It’s the start of a reflexive loop.
It’s a controlled global reset.
A weaker dollar to unlock a global liquidity boom.
Weaker dollar =
• Cheaper debt
• Higher risk appetite
• Surging EMs
• Rising crypto
• Exploding asset prices
It’s the start of a reflexive loop.
It’s a controlled global reset.