Does Trump want to create a more independent Europe for the sake of competition for the dollar?

In its quarterly report to Congress regarding its foreign exchange operations for the second quarter of 2025, the Federal Reserve and the U.S. Treasury reported that there was no intervention in the foreign exchange markets. The U.S. dollar, as measured by its broad-weighted dollar index, depreciated 5.6%. Cumulatively, the dollar has depreciated 7.5% since the … Continue reading Does Trump want to create a more independent Europe for the sake of competition for the dollar?

Currency wars: Can the West afford an increasingly developed Africa, Asia, and Latin America?

The takeaway …. As I get ready for the release of the jobs report, a thought on the relationship between the world’s major geographic regions hit me. Do western nations, primarily the United States, the United Kingdom, and Eurozone, really want to see a developed Africa, Asia, or Latin America? Would development of these areas … Continue reading Currency wars: Can the West afford an increasingly developed Africa, Asia, and Latin America?