Our debt to GDP ratios are still amongst best in the developed world, and a
few mere changes of government policy with respect to entitlement
sustainability, tax policy, energy and food subsidization, and redirection of
war spending to local infrastructure improvement can easily usher an era of US
broad economic leadership.
There are just too many factors against further dollar weakness to keep it sustainable. Despite what the goldbugs say there are real supply and demand fundamentals to the price of gold. I mean quite a bit of current gold sales are going to ETFs now and not jewelry creation like it is supposed to. I agree with the premise that much of the dollar weakness has been self-inflicted and can be changed with sound fiscal policy and investment leadership in alternative energy. I mean the idea of a "Moonshot for Green Energy" could potentially bring trillions into the US.
No comments:
Post a Comment