Wednesday, January 24, 2018

People are just being foolish.

It's really funny to see everyone freaking out about the dollar right now.

The dollar was well lower than it is now for SIX years of the Obama administration, and no one gave any fucks. Then when the dollar started rising in the last two years of his administration,  and the media were completely unable to comprehend how that would hurt our exports because other countries then had to spend more money on energy because oil is traded in dollars. The strong dollar really hurts emerging markets leaving them less money to buy other goods and services.

Our exports were crushed the last two years of Obama. And we need people to buy our stuff! So I don't know where the "right" area for the dollar is... but there is an equilibrium out there somewhere.

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