Havoc As Strong Dollar At 20-Year High While Inflation Hits 9.1% | Lance Roberts & Adam Taggart

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The US dollar index hit a 20-year high of 109 this week, continuing its surge against other major world currencies like the Euro and the yen. This is creating increasing pain for other countries, especially those with Eurodollar loans, as servicing those is becoming more expensive at the same time that import costs are rising.

Fresh from his trip to Italy where he saw first-hand the impact of the US dollar and the Euro now being at parity, financial advisor Lance Roberts doesn't see any good reasons why the dollar should weaken anytime soon.

This may serve as another factor further weighing on the prices of financial assets like stocks as well as commodities.

It's ironic that such strength in the dollar comes at at time when inflation is the US is raging at a 41-year high, now 9.1% as reported by the latest CPI data.

What will the implications likely be for the markets? Lance and Wealthion host Adam Taggart discuss in this week's Market Update.
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?

Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.

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