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GoldenROCK Research
Sep 07, 2020 2:06PM ET
US DOLLAR: HUGE SPIKE IS COMING: REPORT: THE FUTURE IS CRYSTAL CLEAR: LONG-TERM DEBT SUPERCYCLE CRISIS WILL MAKE THE US DOLLAR TO EXPLODE TO THE UPSIDE: "Notably, the amount of US dollar-denominated debt held outside the US has "TRIPLED" during the last ten years, both in advanced and developing economies; it now stands at about USD +28.5 trillion. Moreover, US dollar debt-to-GDP ratios in both "developed" and "emerging markets" are now at their "multi-decade highs" – which will likely be quite a challenge for these borrowers in times of a strong dollar (WHETHER THEY LIKE IT OR NOT, THEY'LL NEED SO MUCH US DOLLARS TO SERVICE THEIR DEBT THAT THE USD WILL EXPLODE TO THE UPSIDE). Overall, the rise in US dollar debt has been quite "broadbased", and can’t be blamed on select countries like Turkey or Argentina, which saw their respective currencies tank in 2018. -- The future is crystal clear: That is all good news for the US dollar and the USD at current levels is a STRONG BUY.
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