The weakness of the dollar is worrisome and it justifies exposure to commodity sensitive stocks. It is the only way to hedge the loss of purchasing power caused by its weakness. The weakness of the dollar is a systemic issue.
We should be worrying less about how to regulate our lives, and more on how we can become accepted and welcomed by the global community. The world is changing in a dramatic way. Yet, we are isolating ourselves in everything we do. I might be wrong, but as an individual born in Europe and lived there for many years, I have the feeling I am in an island (although marvelous) very distant from the rest of the world.
We think we are a great country. And maybe we are right. But we should try to reach out and make the world part of ours. Not conquer and destroy. We should be part of what is happening, without being too ostentatious and seeking to be recognized for what we believe in. The rest of the world resents it.
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George Dagnino PhD
Editor, The Peter Dag Portfolio
Since 1977
1 comment:
When you say the dollar is a systemic issue, do you think the dollar could be like the italian lira or greek drackma, and continuoiusly devalue export prices via printing the currency to compete, workers later receiving higher nominal wages but falling real wages?
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