U.S. fiscal response to virus
: https://www.forbes.com/sites/billybambr ... us-dollar/
5 posts • Page 1 of 1
If the world economies go into recession, there would be more dollars, euros, pounds etc created to try and stimulate the economy. All of which is already happening.
I would want to hold assets in a number of currencies and gold.
If I lived in Thailand permanently, I would also want more exposure to Thailand than I currently have.
If Trump got re-elected and proceeded to create a severe inflation bubble, which currency would you want to hold ?
Not necessarily Trump, any President, Democrat or Republican, will pass huge stimulus bills if there is a world recession. The world Bank, IMF, and all countries affected will also offer stimulus bills, ala the last great recession. The USD historically has been a stabilizing force in times of economic crisis.
Agreed, but Trump is the one with multiple bankruptcies and he happened to already pass a huge stimulus bill approximately one decade into the bull market.
This was highly irresponsible. Now they will need even more debt.