Dear me, the illustrious US dollar has suffered a most alarming depreciation, losing over 10
The US Dollar Index (DXY) has lost 10.41
Meanwhile, precious metals like gold and silver have staged a dramatic coup, with gold soaring 65.32
In a new op-ed for The Free Press, economist Tyler Cowen warns that the rush for precious metals is “a flash warning for the economy.” By Jove, if this isn’t a red flag, I don’t know what is! 🚩
“The rush for precious metals should worry us all. It reflects a new and possibly disastrous danger on the horizon…
The economy is becoming more correlated. Translated to everyday English, that means we have fewer sources of financial protection if matters, either economically or politically, were to go very badly. And so precious metals are stepping into the hedge and protective roles that were once fulfilled by the US dollar.”
Cowen laments that US policies and leaders are increasingly seen as unpredictable sources of chaos, eroding confidence in the dollar’s historically protective role. One can only imagine the consternation of a once-proud currency now reduced to a mere footnote in the grand narrative of global finance. 😢
“It used to be that if you were worried about the future, you would move into dollars as the safe haven-in finance terms a countercyclical asset, which stays resilient when higher-risk assets fall.
But if the United States’ own government and policies are unpredictable, and its economy is volatile, you will look for some other hedges instead. Chaos in the U.S., and particularly in the White House, is pushing investors to find alternatives to the dollar.”
Read More
- Ashes of Creation Rogue Guide for Beginners
- Best Controller Settings for ARC Raiders
- Meet the cast of Mighty Nein: Every Critical Role character explained
- How To Watch Call The Midwife 2025 Christmas Special Online And Stream Both Episodes Free From Anywhere
- Emily in Paris soundtrack: Every song from season 5 of the Hit Netflix show
- Tougen Anki Episode 24 Release Date, Time, Where to Watch
- Avatar 3’s Final Battle Proves James Cameron Is The Master Of Visual Storytelling
- Arc Raiders Guide – All Workbenches And How To Upgrade Them
- Avatar: Fire and Ash’s Biggest Disappointment Is an Insult to the Na’vi
- 3 Years Later, I Still Can’t Believe Netflix Cancelled This Underrated Horror Show After 1 Season
2025-12-30 02:27