Back around 2008...my contractor boss had talked to several banking folks, and they all suggested that since 2002....the US policy was always working to make the dollar weak....to bring in 'outside' investment to the US. Bush did this...Obama did it. I think to some degree...Trump marginalized this weakening policy.
But I'll suggest that the EU has wandered into this mess, and decided that to get outside funding/investment into Europe....they need the Euro to be super-weak. It's no longer a Germany or France control thing.
My humble belief is that by December 2022...the rate will be one dollar equaling 1.08 Euro. Maybe by mid-2023...rate peaking at 1.12 Euro.
Playing into this...Biden's economic path to make the dollar weak...is today competing against the EU-make-the-Euro weaker scheme.
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Some how, you know, they will blame Trump.
Back around 2008...my contractor boss had talked to several banking folks, and they all suggested that since 2002....the US policy was always working to make the dollar weak....to bring in 'outside' investment to the US. Bush did this...Obama did it. I think to some degree...Trump marginalized this weakening policy.
But I'll suggest that the EU has wandered into this mess, and decided that to get outside funding/investment into Europe....they need the Euro to be super-weak. It's no longer a Germany or France control thing.
My humble belief is that by December 2022...the rate will be one dollar equaling 1.08 Euro. Maybe by mid-2023...rate peaking at 1.12 Euro.
Playing into this...Biden's economic path to make the dollar weak...is today competing against the EU-make-the-Euro weaker scheme.
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