Dollar dropping like a rock

[Mick]

Yay deficit spending!  Central banks voting with their feet and sprinting away from the dollar…

https://www.wsj.com/articles/central-banks-retreat-from-u-s-dollar-11617720602

[rjnwmill]

Central banks are selling off the dollar at the same time that Biden is raising energy costs impacting all manner of operating costs domestically. Increasing costs will pass through to the consumer. And Biden is raising corporate taxes in the US driving supply chains off shore. Those goods become more expensive as the dollar declines.

Seems to me these policy initiatives will impact inflationary expectations?  Best assign this to Kamala!  She’ll be all over this like white on rice…sometime.

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[rogpodge]

Could also be related to this:

https://www.cnbc.com/2021/03/05/chinas-digital-yuan-what-is-it-and-how-does-it-work.html

I feel like I’ve missed the crypto train, but every time I turn around, I think it’s a better and better idea.

[Legend]

$6 gas ought to get everyone’s attention.

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Sic transit gloria mundi (so shut up and get back to work)

[Author]

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