Nordea: US dollar boom ahead

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The excellent chaps at Nordea with the note:

In our sister product, the week ahead, we mulled, if we are not experiencing something akin to a crack-up boom as the Austrian’s (Mises, Rothbard, …) describe it. The latest FOMC decision at least did nothing to assuage such fears – everything is transitory for Powell, it seems. From what we gather he’s kind-of right. At some point the sun will kill all life on Earth (7.5bn years into the future – unless Elon moves the planet…), but beyond that there’s likely heat-death of the Universe (we’re not as sure Musk can “fix” that).

Chart 1. Buy lumber, wear diamonds?(!)

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.