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TTT - A Troubled World Means A Stronger Dollar - For Now
ProShares UltraPro Short 20 Year Treasury
You'd think that the more trouble the US causes around the world, the weaker the dollar would trade. Who, after all, wants to own the currency of the country perceived by most to be the source of today's long list of trade conflicts and dirty wars?
Apparently everyone, in a dynamic that's been defying logic for some time: When the US has and/or causes problems, the impact is even more severe overseas, where a growing list of badly-run countries are either on the brink of financial ruin or heading that way fast.