The History of US Dollar Cycles Macro regime shifts often stem from systemic imbalances, where excessive concentration of capital in certain sectors, asset classes, or currencies reaches saturation points, leading to a major reallocation of…
Summary
  • The cyclical nature of the US dollar, driven by fiscal and monetary policy constraints, suggests a significant downward transition is imminent.
  • Historical trends show dollar downturns favor gold, undervalued international equities, and commodities, with emerging markets gaining prominence.
  • US equities are excessively overvalued, signaling a potential capital shift to undervalued and overlooked global markets, including emerging markets.
  • The mining industry, particularly gold and silver, is poised for a resurgence due to macroeconomic shifts and potential policy changes under the Trump administration.