Memo From the Chief Economist

Memo From the Chief Economist

Don’t Call it Debasement — Dollar Depreciation is Just Fine

I don’t recall a time when we had such inept and confusing U.S. economic and foreign policy.

David Rosenberg's avatar
David Rosenberg
Aug 28, 2026
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Key Takeaways:

  • The White House needs to revive the affordability program into the midterms, but instead has restarted a trade war with its largest trading partner.

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