By Vincent Cignarella, an FX strategist who writes for Bloomberg.
Trump Speech May Mark Turning Point for Dollar Trend
If Donald Trump’s speech Tuesday is long on hyperbole and short on details, it may be the end of the dollar’s reflation trade. Dollar-yen traders could be giving the clearest hint on the outcome.
US President Donald Trump has hinted that he will bring back the Gold Standard and introduce it as the world’s global currency. During a speech at CPAC, Trump made an intriguing observation: “Global cooperation, dealing with other countries, getting along with other countries is good, it’s very important. But there is no such thing as a global anthem, a global currency or a global flag.
LendEDU, a private firm that connects students and their families with student loans and loan refinancing, has finally revealed a clue that helps us better understand the mystery of why so many college students across the country have become so comfortable haphazardly taking out $100s of thousands of dollars in student loans to fund their degrees in anthropology. According to a survey of 500 current college students conducted by LendEDU, apparently 49.8% of America's entitled youth is convinced that the federal government will simply forgive their student loans upon graduation...c
The fact that farm incomes have come under increasing pressure over the past couple of years should come as little surprise to our readers (for those who missed our latest update, see: "Midwest Farm Bubble Continues Collapse As Farm Incomes Expected To Crash In 2017"). Unfortunately, at least according to Bank of America's Global Ag Chemical team led by Steve Byrne, farmers shouldn't expect a reprieve any time in the near future.