Trump and the Strong Dollar: A One-Day Follow-Up

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Yesterday the Wall Street Journal blared the news that Donald Trump’s comments on the dollar being too strong had sent the dollar “reeling.” I suggested we might want to wait a few days before buying into this, but it turns out I was wrong. We only had to wait one day:

This follows the usual formula: (a) Trump says something, (b) a related financial index reacts instantly, and (c) by the next day everything is back to normal. I gather that there are folks on Wall Street who are writing algorithms to make money off this dynamic, but it’s unclear how long that can last. I mean, how many times can this happen before everyone realizes that Trump’s blather doesn’t really mean anything?

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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