3 ms·

It doesn't matter who/what gets it next, what's important is that we're about to take a 60-80% haircut on our standard of living. It's what happened to the Brit

It doesn't matter who/what gets it next, what's important is that we're about to take a 60-80% haircut on our standard of living. It's what happened to the British when the lost it with the Pound Sterling, and now it's our turn. Most people don't remember what hard money is, and why it's important.[1] [1] https://en.wikipedia.org/wiki/Hard_money_(policy) https://en.wikipedia.org/wiki/Hard_money_(policy)

toomuchtodo 2mo ago
To Hedge or Not to Hedge? Lessons from History for US Equity Investors - https://www.msci.com/research-and-insights/blog-post/to-hedge-or-not-to-hedge-lessons-from-history-for-us-equity-investors https://www.msci.com/research-and-insights/blog-post/to-hedg... - October 3rd, 2025 The Depreciation of the Dollar - https://www.morganstanley.com/insights/articles/us-dollar-declines https://www.morganstanley.com/insights/articles/us-dollar-de... - August 6th, 2025 Key takeaways: * The value of the U.S. dollar against other currencies dropped about 11% in the first half of this year, the biggest decline in more than 50 years, ending a 15-year bull cycle. * Morgan Stanley Research estimates the U.S. currency could lose another 10% by the end of 2026. * Despite a recovery of 3.2% in July, the delayed impact of tariffs on growth and unemployment – besides policy uncertainties – are likely to keep negative pressure on the dollar. * Foreign investors have been adding hedges to their exposure to U.S. assets, which will likely further weaken the dollar.