I always maintained, here and elsewhere, that the momentous decline of the dollar since 2004 has a deep and tragic significance for our country.
Being born in a country with a chronic weak currency, I know the message reflected by a weak currency. This is why I consistently wrote that the prolonged weakness of the dollar is reflecting major changes in our lifestyle.
The financial markets are now catching up with what has been anticipated by the dollar. Our standard of living will be impaired as we learn to deal with an aggressive and hungry international market. Globalization is here. Now we have to get organized to deal with it.
We need a leader who is going to explain to the nation what is really happening and what we should do to overcome these challenges. The alternative is an unhappy and confused country trying to understand what should be done.
More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
No comments:
Post a Comment