Bridger Pennington explains why the US dollar hit a 25-year high despite $20 trillion printed in three years. The Fed's rate hikes worked, and global currencies weakened faster.
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the US dollar is the strongest it's been in 25 years. Like the US dollar is killing it. We've printed like $20 trillion in the last 3 years. Our M2 money supply is like through the roof, right? And we have the strongest dollar we've had in 20 years. Like it's beating the euro, it's beating everything. Everyone complains about the Fed. The Fed's doing their job very well. The fact that we have a very strong dollar means that they're killing it. Now they might say one thing and do another thing, but overall, I mean, the strength of the US has risen greatly and the world is crumbling right now as far as economies and reserve currency goes. Anyways,