Will The Fed Ever Get Around To Supporting The Dollar Again?

Here’s the second part of my appearance on CNBC’s Kudlow Report Tuesday night.

Some highlights

  • Mike Darda, a well-known perma-bull, has pulled back from the herd. He’s now predicting just 5% growth next year, less than the most bullish economists.
  • Michael Mussa says that if we get 5% growth — and he expects 6% — we’ll see unemployment fall from double digits to 9% by the end of next year.
  • My take is that the weak dollar is driving a boom in the “dumb” economy — oil, gold, and other things that have connections with the earth. A strong dollar will support the “smart” economy.
  • Steve Forbes explains how a weak dollar is a form of protectionism.


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.