US Dollar Drama
The media is abuzz about foreign countries supplanting the US dollar with local currencies in trade and commodity deals. Also mixed in are news stories about an imminent catastrophic decline in the value of the dollar in light of the recent banking crisis and the impending debt ceiling deadline.
In this video, Versant President and CIO Thomas Connelly addresses:
- What are the material considerations regarding the dollar?
- How should we frame our thinking around recent developments?
- Do we think current events will cost the dollar its preeminent global reserve currency status? The short answer: No. Although there are dollar problems, they are probably longer-term in nature.
Tom Connelly, CFA, CFP, is the president and chief investment officer at Versant Capital Management. He describes his most significant professional accomplishment as “the growth and preservation of my clients’ financial nest eggs and legacies over lifetimes through one or more recession events.”
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