The Obama Diary

Republican Predictions: $6 gas, 8% unemployment, global economic catastrophe Reality: Absolutely none of that shit thinkprogress.org/economy/2016/0…

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Jon Favreau (@jonfavs) January 01, 2025

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Ari Alstedter: Obama Dollar Rally Is Forecast to Join Clinton, Reagan Upturns

The dollar has an opportunity to make history. After three straight years of gains, strategists are forecasting the U.S. currency will be a world beater again in 2016, strengthening against seven of 10 developed-world peers by the end of the year, according to the median estimate in a Bloomberg survey. That outlook is backed by the Federal Reserve’s stated intent to continue raising interest rates while peers in the rest of the world keep them flat or lower.

The rally that started during President Barack Obama’s second term is poised to join a category defined by only the biggest, most durable periods of dollar strength since the currency’s peg to gold ended in 1971. “This is the third big dollar rally we’ve had,” said Marc Chandler, global head of currency strategy in New York at Brown Brothers Harriman & Co. “The Obama dollar rally, I think, is being fueled by the divergence in monetary policy.” That comes after three straight years of gains for the U.S. Trade Weighted Real Broad Dollar Index, a monthly weighted average of the dollar against the currencies of its main trading partners compiled by the Fed back to 1973

More here

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He also passed the largest expansion of health insurance since Medicare and the economy responded with millions of jobs and lower deficits

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Jon Favreau (@jonfavs) January 01, 2025

So when you hear more garbage predictions about Dem policies over the next year, know that almost none have been right for the last eight.

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Jon Favreau (@jonfavs) January 01, 2025