CHY 🅰️
@oxchy
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276 Followers
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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. 😳 22 replies
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