Report Detail Summary
What Makes the Dollar Tick: The Terms of Trade?
November 10, 2019
We present data suggesting a link between fiscal policy and other potential sources of real economic disturbances and the terms of trade. It documents the long-lasting real exchange rate cycle coinciding with the long relative returns cycles. The data also suggests that when the current dollar appreciation peaks and turns, there will be a long-lasting prolonged dollar decline. During that time international investing will outperform domestic investing. If the past is a guide, the mean reversion in the data points to several years of international outperformance and terms of trade decline. You must have an active account to view these reports. You may register for a trial here ![]() ![]() Copyright © 2018 La Jolla Economics All Rights Reserved Legal Disclaimer - Privacy Policy - Contact Information - Login |
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