- With long-term U.S. rates near 3% and short-term rates soon to rise to near 1%, the U.S. dollar will stay stronger than the euro, whose official rate remains near zero, so the world will keep buying U.S. dollars.
- This week, we get the official first estimate of first-quarter GDP. Thanks to a persistently strong consumer, the U.S. should be able to skirt a recession, as order backlogs will keep the manufacturing sector strong, with an even stronger service sector.
- As China’s economic growth has stalled and much of Europe is in a recession, many economists now believe that inflation may have “peaked” in March. Obviously, any inflation relief will be welcome, but the peak in energy-based inflation may have to wait until September, when worldwide demand begins to fall.
For further details see:
Why The U.S. Is Still The #1 Global Oasis For Investors