Bloomberg/Thyagaraju Adinarayan/9-26-2022
“What’s amazing is that this dollar strength is happening even as other major central banks are also tightening monetary policy at a historically hawkish pace,” Morgan Stanley’s Wilson wrote. “If there was ever a time to be on the lookout for something to break, this would be it.”
USAGOLD note: Wilson cites the 2008 GFC, the 2012 sovereign debt crisis and the 2000 tech bubble as examples of when a too strong dollar has initiated a major stock market crisis. He obviously sees a similar situation developing now.
