Why Capital Isn’t Coming to the US
One more reason why devaluing the dollar is a self defeating exercise. Foreigners’ returns in US stocks are diminished by a falling dollar which deters them from investing in the US which causes the dollar to fall and diminish US stock returns…..well you get the picture. The US is suffering from a lack of capital and that problem is only exacerbated by a falling dollar (HT: Bespoke):
- November 9th
