US Dollar Strength: "Unintended Consequences" Or "The Empire Strikes Back"?

by Charles Hugh Smith, Of Two Minds: How unintended can these consequences be? My guess: not very. A great many people got the U.S. dollar trade wrong. The conventional view held that “printing money”, i.e. expanding the supply of money, would automatically devalue the currency. It isn’t quite so simple, it seems. It depends on where […]