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Macro Guru Luke Gromen Predicts Dollar Collapse Amid Deteriorating US Fiscal Situation – Here’s His Timeline

Author: Content Editor
Investor Luke Gromen predicts a breakdown in the US dollar over time due to the unfavorable fiscal situation in the United States. He believes that the Federal Reserve is "stuck" with low interest rates because the government cannot afford higher rates. Gromen argues that the government needs to boost the stock market to increase tax receipts and reduce interest expenses, which is why the Fed is cutting rates. As a result of the mounting debt and interest expenses, Gromen expects the US dollar index to drop up to 10% over the next year. However, he believes that the economy will ultimately be stronger than expected and that stocks will eventually go higher.

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