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Here's the proof.
I think you're supposed to keep this a secret so people can keep thinking the dollar will shortly be worthless.
Does a higher dollar mean a "stronger" dollar? (appreciated)
But, but, but... Printing Press, Weimer, Zimbabwa, oh my!
@ JKWhen the exchange rate of currency rises relatively, then it is said to be getting "stronger, and when the rate falls relatively the currency is said to be getting "weaker." Weaken is called "devaluation." Devaluation internationally is considered comparable to domestic because imports become more dear. The "stronger" the currency the more purchasing power it commands relative to "weaker" currencies.
Tom, Thanks. I'm familiar those stronger, weaker, appreciation, depreciation, devaluation, etc. I just wanted to clarify that a dollar going up meant what it sounded like it meant.
"I think you're supposed to keep this a secret so people can keep thinking the dollar will shortly be worthless."Have no fear Woj.Even if mike was aloud to show this graph on fox news the pundits would just laugh and laugh at him. Then turn to economic Jesus (peter Schiff) and say " seriously though peter are we in the begging stages of hyperinflation or are we neck deep in it."
The dollar indeed declined when QE^n happened. But it hasn't been a constant depreciation of the dollar as it gained previous levels back.However, other CB's have been engaged in their own balance sheet expansion programs. Including the champion of it all: the ECB.
@anonymous - ECB balance sheet expansion has actually been followed by a rising euro nearly every time. Apparently investors view things differently on that side of the Atlantic.
Woj: "ECB balance sheet expansion has actually been followed by a rising euro nearly every time. Apparently investors view things differently on that side of the Atlantic."I am reminded of the results of QE here. Fed loosens, Pavlov's bell rings, equity markets rise.
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