Thank you for these interesting insights. I've been wondering about this policy for several weeks.
I agree with Whycliffes when he says that P123's focus on Europe and Asia is a good investment. In fact, these regions are currently outperforming US stocks. I think now is the time to encourage the project in Asia and emerging markets.
Regarding US stocks, I don't necessarily view the potential weakening of the US dollar negatively. As a Swiss investor, I'm used to tolerating a weak dollar against the Swiss franc. In the long term, the appreciation in stocks offsets the currency's devaluation. This is especially true since a weak dollar encourages US exports.
What puzzles me much more is the far-fetched plan to restructure US debt by converting Treasury bills into century bonds. I'm really struggling to grasp all the implications:
- on current Treasury bonds
- on the Treasury bonds that will be issued following this restructuring
- on the credibility and attractiveness of the US government as a bond issuer.
It seems to me that among the Mar-a-Lago agreements, the debt restructuring is the worst of all.