By Rich Miller
Bloomberg News
Saturday, April 18, 2020
Just weeks after a surging dollar was causing havoc in world financial markets, President Donald Trump has decided that a muscular U.S. currency is a good thing after all.
"The dollar is very strong," he told a press conference on Friday. "And dollars -- strong dollars are overall very good."
The comment marked a U-turn from the president's rhetoric for much of the past few years, in which he repeatedly called for a weaker dollar to aid U.S. manufacturing companies and boost American exports. It also comes at a time when many economists say that the resurgent U.S. currency is the last thing a global economy -- knocked low by the coronavirus shock -- needs. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2020-04-18/trump-now-says-strong... [1]
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http://www.gata.org/files/GATA-4-wine-bottles.jpg [5]
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http://www.gata.org/files/FayJWineryVarietals.jpg [6]
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
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Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org [10]
To contribute to GATA, please visit: