The United States is abandoning its post-WWII free trade agenda that has worked so well to preserve the peace while expanding prosperity, both at home and abroad.
The New Hidden Tax
Lost in the news of the surging US stock market is the concurrent weakness of the US dollar. This week US Treasury Secretary Steven Mnuchin endorsed the dollar decline in Davos, sending it down further.
Ray Dalio, founder, chairman, and chief investment officer of the world's largest hedge fund, Bridgewater Associates, had this to say about the declining dollar:
