Editor's Note: This is a brief excerpt from today's Morning Newsletter by CEO Keith McCullough. Click here for more information on how you can subscribe.
Back to more local matters, like the relationship between US Dollars and American Purchasing Power, Consumption, and Savings… what Heli-Ben didn’t quite get (or blog about) was that these very important things are positively correlated.
#StrongDollar à Slowing Inflation (think cost of living) à Rising Real Consumption à Moarrr Savings
I swear, this is rocket science, eh? Don’t forget that the 1983-1989 and 1993-1999 periods of > +4% real US GDP growth was not only sustainable for more than a few quarters – but it punished those who invested in Down Dollar Inflation Expectations assets.