[vdupras]

Whatever Trump's strategy is, it's not for the benefit of the US, but of some group, the same one who got all the insider trading hints on this roller coaster.

But today's USD decline? Brutal. It almost makes me want to say, "it's happening!".

[toomuchtodo]

> But today's USD decline? Brutal. It almost makes me want to say, "it's happening!".

I agree we're close, but we're not quite there yet. The bond market is punishing sovereign debt (Japan bond crisis), and there is evidence that billions of dollars of capital is willing to leave US treasuries to find something better. Gold and silver are up wildly; some may say overbought, but I think that only applies in the before times. This will, imho, continue as capital seeks venues of prudent economic management (which, arguably, the US, USD, and UST are no longer). The dollar lost 8% of its value last year, I expect that pace to continue, if not worsen.

https://economics.td.com/us-the-united-states-dollar-in-2025

(not investing advice, i am a rando)

[thomassmith65]

Bessent claims it's all down to Japanese bonds, but that it be that alone isn't credible. This administration has half a dozen major crises going on this week.

[toomuchtodo]

Bessent is a liar, full stop.

https://www.google.com/search?q=bessent+liar

[thomassmith65]

I fully believe many of Trump's tariff announcements were for the benefit of insiders.

I don't know about this dollar plunge being intentional, though. This one feels more like a massive screw up caused by the administration convincing each other that Europe and the 'middle powers' are completely powerless.