The Dollar Is at Its Strongest Since the 1980s. Can It Last?
RE: 1976 och 1992 var dollarn svag. Mene Tekel
1992 stod dollarn i drygt fem kronor, men Bildt försvarade tappert växelkursen.
In 1985, the dollar rose so much that U.S. officials became worried about the blow it was dealing to domestic manufacturers. Famously, they agreed to coordinate its depreciation in a meeting with officials from Britain, Germany, France and Japan in the Plaza Hotel in New York.
By 1988, it had lost a third of its real value.
Adjusting for inflation is tricky because most products aren’t traded across borders.
When it comes to energy, which does have a huge impact, the U.S. has switched from being a net importer to a net exporter, thanks to the shale revolution of the 2010s.
Wall Street Journal 4 June 2024
1980s-Style Plaza Accord
Powell’s Dollar, China’s Problem and Englunds lag 2.0
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