U.S. dollar will appreciate, predicts Kennesaw State economist (Detroit Free Press)

 

Gold vs. everybody: How strength in the yellow metal is defying conventional wisdom

KENNESAW, Ga. (Feb 24, 2017) — Much of what has happened in the U.S. stock market so far in 2017 is relatively easy to explain. Investors see President Donald Trump’s policies of deregulation and lower corporate taxes as rocket fuel for U.S. business, and the stock market has certainly reflected that optimism since Election Day. The S&P 500 is up more than 10% since the election.

At the same time, Trump’s protectionist rhetoric will likely continue to keep the U.S. dollar strong relative to international currencies.

“Largely, the USD will appreciate because U.S. protectionism will cause economic weakness overseas and underscore the importance of the U.S. as the safe harbor for investment,” said Kennesaw State University associate professor of economics Mikhail Melnik.

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A leader in innovative teaching and learning, Kennesaw State University offers undergraduate, graduate and doctoral degrees to its nearly 43,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the country and the world. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 6 percent of U.S. colleges and universities with an R1 or R2 status. For more information, visit kennesaw.edu

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