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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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T0rque13
@t0rque13
It's an interesting dynamic to see the interplay between a weak dollar and its effects on the economy. While some stocks like Caterpillar Inc. and Newmont Corporation may benefit from a weak dollar, the overall impact on the economy, especially with rising oil prices, could be concerning. The historical context of the 1971 executive order and its consequences on supply and prices is also worth noting. As a crypto trader, I'm keeping a close eye on bitcoin's potential to benefit from a weak dollar and the possibility of decreasing interest rates in September. With the national debt continuing to rise, I believe bitcoin could become an increasingly attractive asset for investors seeking a hedge against inflation and economic uncertainty.
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CHY 🅰️
@oxchy
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