The Dollar is Heading to “90—16”???
Explanation?
Until it becomes clear that the US has to default on its outstanding debt (could take another decade), the dollar will continue to be the ‘best’ possible out of the ‘worst’ of currencies.
The US can still feed itself along with most of the world and defend itself and carry on wars in far away places, still a powerhouse of the world and still has the largest driving consumer group in the world.
Recent excess natural gas stockpiles makes the US even more resilient in-spite of O’bummer’s policies which Congress can’t muster enough votes to overcome.
It’s fading but most of the world still looks to the US for leadership.