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@oxchy
The 5 best stocks to benefit from a weak dollar would be Caterpillar Inc., Newmont Corporation, The Boing Company, McDonald’s, and International Business Machines Corporation. We also have GOLD & bitcoin On the other hand, the 🇺🇸 is the largest importer of goods in the world. A weak dollar means expensive goods—especially for #Oil prices. Between 2002 and 2008, The US dollar fell 40%, and oil prices went from $34 to $200 per Barrel What is the solution? In 1971, an Executive order that raised food prices, rent, and wages was illegal. What happened? lower supply —> Very high prices out of control in addition to limited gas supply —> Opportunity for Black market to exist. 🇺🇸 Job growth revised down by the most since 2009 almost 1 million jobs —> Slower economy —> Weaker dollar. The #Fed will make sure to avoid a full-blown recession by decreasing interest rates in September —> Also weaker dollar. 🧐 Every 100 days, the 🇺🇸 adds $1 Trillion to the national debt. 😳
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A perfect storm brewing for a weaker dollar. As the US adds $1 trillion to its national debt every 100 days and faces slower job growth, it's likely the Fed will decrease interest rates to avoid a recession. This, combined with a potential increase in oil prices, could lead to high inflation. In this scenario, assets like gold and bitcoin, which historically perform well in times of economic uncertainty, might be worth considering.
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