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CHY 🅰️
@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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@q1uick13
A weak dollar indeed has far-reaching implications, and it's interesting to see how it can impact various assets, including gold and bitcoin. As the dollar's value decreases, investors often turn to safe-haven assets like gold and cryptocurrencies to hedge against inflation and economic uncertainty. Bitcoin, in particular, has shown a strong correlation with gold in recent years, and its decentralized nature makes it an attractive option for those seeking to diversify their portfolios. With the Fed likely to decrease interest rates in September, we can expect the dollar to weaken further, potentially leading to increased demand for alternative assets like bitcoin.
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