Results for Bretton Woods
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Where We Stand: The Present and the Future of the Dollar

March 19, 2022
(Business travel prevents my weekly discussion of the price action.  It will return next week, but a macro discussion is offered below). Economists and policymakers generally recognize that growth will be weaker than was anticipated at the end of last year. Price pressures are going to be stronger and last longer than previously projected. The sup…
Where We Stand: The Present and the Future of the Dollar Where We Stand: The Present and the Future of the Dollar Reviewed by Marc Chandler on March 19, 2022 Rating: 5
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The Great Game on the Anniversary of the End of Bretton Woods

August 13, 2021
August 15 is the 50th anniversary of the end of Bretton Woods, when the US unilaterally ended the last formal linkages between the dollar and gold.  Nixon ushered in the modern era, even if he did not intend to do so.  The only thing that seemed pertinent at the time was that the US did not want to part with any more of its gold, and Nixon feared …
The Great Game on the Anniversary of the End of Bretton Woods The Great Game on the Anniversary of the End of Bretton Woods Reviewed by Marc Chandler on August 13, 2021 Rating: 5
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The Ant and the Grasshopper: A Window into Macro Part I

August 08, 2020
Spurred by a few op-ed pieces and a couple of investment bank "research" notes, the mainstream and social media have been talking about others talking about the dollar losing its reserve status or its larger role in the global economy.  Few appear to really think it is likely in anything that approaches the time horizon of most investors…
The Ant and the Grasshopper: A Window into Macro Part I The Ant and the Grasshopper:  A Window into Macro  Part I Reviewed by Marc Chandler on August 08, 2020 Rating: 5
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Anniversary of the End of Bretton Woods: Thoughts Going Forward

August 15, 2018
On this day in 1971, US President Nixon broke the last formal links between the dollar and gold and ushered in the modern era of floating exchange rates.  What was a necessity has become a virtue and letting markets determine exchange rates, anathema in earlier times, has become the best practice urged by the G7 and G20. 
Although the common refrai…
Anniversary of the End of Bretton Woods: Thoughts Going Forward   Anniversary of the End of Bretton Woods: Thoughts Going Forward Reviewed by Marc Chandler on August 15, 2018 Rating: 5
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Bretton Woods: RIP

August 15, 2016
Today is the  45th anniversary of the final blow to the dollar-gold standard.  By August 15, 1971, the exchange of dollars for gold was limited to central banks, and US President Nixon unilaterally ended it.    There was a brief attempt to resurrect it, with new parities, which failed, and thus began the current era of floating exchange rates.  
Th…
Bretton Woods: RIP Bretton Woods:  RIP Reviewed by Marc Chandler on August 15, 2016 Rating: 5
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