US economy is 'in tatters' and dollar could drop 20%: Stephen Roach - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

United States News News

Economist Stephen Roach says the US economy's V-shaped recovery is 'in tatters' and the dollar could crash 20% this year

Roach said more stimulus is "appropriate given the severe economic distress that continues to persist".

"I do see another 15 to 20% downside to the broad dollar index over the course of this year," Roach said. The dollar has fallen more than 7% against a basket of currencies since January 2020.An ETF expert breaks down his top 5 predictions for the industry in 2021 — including 4 funds that are among the best to buy, and why ARK Invest won't be able to repeat its dominance

and the prospects of higher growth have made the currency and US assets more attractive to non-US investors.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Buy gold and land.

Gold!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines