The stock market is down today. Why? COVID is back in the EU. In fact, cases are essentially back where they were in March.
Germany has been spared so far, but if cases spike there, we will likely see new economic shutdowns in the EU, which has worldwide implications.
Winter is coming…. what happens when everyone has to be inside in 2 months?
Someone told me the dollar was going to crash … I’d have a dollar worth as much as usual.
Lots of talk about how the dollar is going to crash, not be the “reserve currency” (news flash it hasn’t been a reserve currency since Woodstock), etc.
Here’s a chart of the dollar index over the last 50 years.
The dollar is literally at the midpoint of the range. There is nothing to see here.
In fact, this line of argument about reserve currency is even dumber than always. I’ll explain why in my next post.