Has a strong US dollar precipitated prior US recessions?
- by New Deal democrat
Yesterday I explained that the reason for the continued YoY weakness in rail transport was primarily coal, and that in turn was caused by the strong US dollar killing exports compared with now-cheaper producers.
Particularly in light of the poor, perhaps negative, first quarter GDP, that raises the question: In the past, has the strong dollar been associated with US recessions? I discuss this in a new post up at XE.com.
BTW, according to Recession ALERT, the globe entered recession in February.