Have you ever noticed that whenever the US dollar’s exchange value goes up, nothing good comes from it? The simplest, most obvious correlation to make yet it has taken a decade and half for some Economists to start putting two and two together.
For years following 2008’s dramatic dollar spike, the one which conspicuously coincided with the worst monetary panic since the Great Depression, any time the currency’s value went up it was associated with some form of domestic strength. Whether it was economic or financial, what everyone “knew” was that there had to have been some factor better here compared to everywhere else driving “capital” into dollar assets.
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