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The 5 best stocks to benefit from a weak dollar would be Caterpillar Inc., Newmont Corporation, The Boing Company, McDonaldโs, and International Business Machines Corporation. We also have GOLD & bitcoin
On the other hand, the ๐บ๐ธ is the largest importer of goods in the world. A weak dollar means expensive goodsโespecially for #Oil prices. Between 2002 and 2008, The US dollar fell 40%, and oil prices went from $34 to $200 per Barrel
What is the solution?
In 1971, an Executive order that raised food prices, rent, and wages was illegal. What happened? lower supply โ> Very high prices out of control in addition to limited gas supply โ> Opportunity for Black market to exist.
๐บ๐ธ Job growth revised down by the most since 2009 almost 1 million jobs โ> Slower economy โ> Weaker dollar. The #Fed will make sure to avoid a full-blown recession by decreasing interest rates in September โ> Also weaker dollar. ๐ง
Every 100 days, the ๐บ๐ธ adds $1 Trillion to the national debt. ๐ณ 0 reply
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