Problem with making a claim that DXY will crash is that it is being compared to other currencies who have much bigger issues with their stagnant growth rates. US has AI, health care to drive forward their economy, EU, UK, Russia, Japan, China have much bigger problems with the falling growth rates. In fact their outlook is dreadful. Australia, Mexico , brazil and India have favorable growth trends going forward but none of them would account into the DXY analysis. If debt was the only issue then DXY would have crashed a while back. Any study needs to take a balanced approach.
Problem with making a claim that DXY will crash is that it is being compared to other currencies who have much bigger issues with their stagnant growth rates. US has AI, health care to drive forward their economy, EU, UK, Russia, Japan, China have much bigger problems with the falling growth rates. In fact their outlook is dreadful. Australia, Mexico , brazil and India have favorable growth trends going forward but none of them would account into the DXY analysis. If debt was the only issue then DXY would have crashed a while back. Any study needs to take a balanced approach.
Jacques de Larosiere makes exactly the same analysis
Bravo for this excellent analysis and recap
thanks Don I agree with this but believe oil will rise more and sooner - we'll see