Storm Coming: US Greenback Groaning From Weight of Economic Deficits

Storm Coming: US Greenback Groaning From Weight of Economic Deficits

Recent changes to the US’ tax rates coupled with its current-account shortfall are creating stormy waters for the greenback and there is already evidence that the ship is letting in water.
Bloomberg financial journalists have stated the greenback “is under the siege”, citing what they call “twin deficits”. So what’s the evidence?

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