This is not unexpected of course, following the FED's money-printing spree, now called infinity. I'm not here to say whether that's a good thing or a bad thing.
The overall effect of a weak USD is to keep the US stock indices afloat. I'm not saying that is an intended effect of what the FED is/was doing.
I think the effect is dangerous on both Bond and Stock markets, because at some point people or banks are gonna wake up and wonder 'What's the value of money?'. In a sense that's already happening, as in other posts I've shown that there is movement of value into metals and Bitcoin .
The above are speculative opinions that may well be wrong. This means that you ought not to make decisions based on anything I say.
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"What's the value of money" <- It is interesting isnt it. I was always taught in economics that a deficit especially at such levels is a bad thing. Crazy how many money has been pumped into local economies globally by governments trying to prop the system up.
This is good insight https://youtu.be/bgPDW0ZpgJU?t=91 (I'm not vouching for accuracy). The abolition of the gold standard, way back, then Nixon's move was important.
I found the whole of this talk so very informative https://youtu.be/fjhLp8AHAYc?t=2042 (especially at this part).