From Daily Crux Editor Justin Brill:
On one hand, you have a group of analysts predicting big inflation and a looming dollar crisis. On the other, you have Bill Gross and PIMCO.
PIMCO is the world's largest bond fund manager. The firm is making headlines this month with its commentary that a dollar devaluation won't produce inflationary pressures. PIMCO also claims the dollar is in no danger of losing its reserve status.
PIMCO's Scott Mather notes, "No other currency offers the size and liquidity - not to mention the political and legal stability - necessary to match the dollar as reserve currency of choice.”
The smart choice is to prepare for both situations -- where the dollar won't be fine, and where the dollar will be fine.
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