Crazy Period seems to have Come to a Close
The recent campaign to push the dollar down which started at the beginning of March appears to have ended. While nothing has really changed in terms of real dollar strength, the crazy period that was tied to negative interest rate talk around the globe has floated away with the Draghi ECB question period this morning. A number of questions pointed out the effect negative interest rates have on savers and by extension, Pension Funds.
Voter unrest around the globe is no doubt being realized, unrest that can be tied back to the time when Bernanke started the QE programs and has led to even crazier programs around the world over the past six years. The Trump and Sander’s movements can no doubt be tied to this phenomenon.