not to be out done by teddy cruz
https://twitter.com/henri_fjord/status/1941316152485085517
$lump
The U.S. dollar just had its worst first half since 1973. Through June, the U.S. currency fell 10.7% against its global peers, and the road ahead doesn’t look any smoother. “You’re running massive deficits, and nobody wants to stop that on either side of the aisle. You’re alienating friends both militarily and trade-wise. You’ve got enough potential negative catalysts. And then once momentum starts, it’s hard to kind of stop it,” said Art Hogan, chief market strategist at B. Riley Wealth Management. Indeed, policy volatility, growing debt and deficits, and possible interest rate cuts will likely remain considerations for investors in the second half. Still, some on Wall Street believe the downward trend could reverse. Treasury Secretary Scott Bessent told CNBC on Monday that currency fluctuations are “not out of the ordinary.”
I was just rereading our chat with Daly in March 2022.Originally Posted by Tellafriend
It’s our highlight reel
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