Avanza is one of the largest banks in Sweden, and in their monthly blogg, they’re noticing a big movement where Swedes are selling their American funds and shares, to buy Swedish/European instead.
Avanza is one of the largest banks in Sweden, and in their monthly blogg, they’re noticing a big movement where Swedes are selling their American funds and shares, to buy Swedish/European instead.
You’re absolutely adorable if you think the US dollar is going to be worthless and 2 years.
“Worthless” is certainly overstating it, but I wouldn’t be surprised if the Euro surpasses the S&P in terms of dollar-wise APY.
I will give you that.
They’re dumping the USD on purpose. But they’re going to get more than they bargained for.
Trump is going to replace Jerome Powell with some asshole who will cut interest rates and vastly increase money printing. And, most countries are moving away from using the US dollar in trade, down by 10% just in 2025.