Is this a turning point for the dollar? And if so, in which direction? ; Kevin Warsh, Plaza

The dollar isn’t that weak. 

It’s had a sharp fall, but it remains close to its average for the last five years 

(and if we take inflation into account, it’s still almost as strong as in 1985, when central banks felt it necessary to coordinate to weaken it - Plaza




Plaza -  Ronald Reagan was the US president, and America was cursed by a similarly large trade deficit, and thanks to the administration’s expansionary fiscal policies, a relatively strong currency buoyed by high interest rates.

Trump’s game plan for devaluing the mighty dollar

https://englundmacro.blogspot.com/2025/03/trumps-game-plan-for-devaluing-mighty.html


In a masterpiece of parliamentary disdain, a minister under pressure to resign once heard this statement from the Westminster back benches:

“I have nothing against his wife and children, but I think he should spend more time with them.”

John Authers Bloomberg 23 april 2025

https://www.bloomberg.com/opinion/newsletters/2025-04-23/powell-drama-we-need-to-talk-about-kevin-and-jerome


Tillbaka till Rolfs länktips 23 april 2025

https://englundmacro.blogspot.com/2025/04/rolfs-lanktips-23-april-2025.html

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