C IL | Yanis Varoufakis (European economist/politician) pops up on my YouTube and suggests the administration has a goal to devalue the USD around 30% (presumably broadly making exports more competitive and imports less competitive) and that is an underlying goal of tariff actions.
https://youtu.be/lkDXJTNcTPQ?si=sXGMpJ8OangSYSZG
I don’t really know the guy but he has been a talking head occasionally through my lifetime. I don’t know the YouTube show (Breaking Points). And I don’t know but assume devaluation is measured by the USD Index? So devaluation would put USD around 70 and that coincided with the 2008 meltdown and the commodity explosion.
So for our grey-headed experienced watchers of history and the business cycle, how do you do this if you are sitting in the big chair and how long does it take and what does it break in the current system?
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What would a weaker USD index do to commodities/exports?
