They say he who does not know history is "doomed" to repeat it. Maybe that's true with most things, but definitely not the financial markets - in the market he who knows history is "blessed" to repeat it.
Here is what I wrote at the beginning of this year in this link:
Historically speaking, the US dollar goes to hell under Republican administrations. Does anyone actually expect it to be any different this time?
May take a while since Janet Yellen’s term has year or so to go and apparently the Federal Reserve is now determined to hike interest rates. But eventually, the businessmen now running government (who of course are totally unaware that the government is not a business) will want to debase the currency.
There is the belief that a weaker dollar enables American companies to more easily compete against competitors around the world. Maybe so. But every time I look up while the dollar is down, it is the competitors buying US companies instead of buying their products.
Oh, well, this Bud’s for you.
And here is the updated chart:
P.S. Read not long ago that history was the second worst major a college student can undertake In today's world (English is the worst). That those two particularly are considered the worst (when they probably should be the best) pretty much explains and says all we need to know about the White House babbler and the bitcoin tulips.