Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by nemo44x on Thursday October 26, 2023 @10:10AM
(#38025806)
Well, the world is increasingly becoming more unstable which is good news for the dollar. The US financial system will continue to excel so long as global demand for dollars remains strong.
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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by xtian on Thursday October 26, 2023 @10:40AM
(#38026209)
Demand for dollars will remain strong as long as they are the least onerous way to conduct international trade for essential goods. The US makes very few of these goods domestically. Eventually the mountains of sanctions, central bank asset seizures, endless debt and money printing, and foreign policy meddling will tip the scales.