The US economy is strong, thanks to spending on AI. The Fed is easing interest rates while tightening forecasts, but the Trump factor has not yet played out. A strong economy equals a strong currency. The US dollar remains stable even as the probability of a Fed rate cut in December rises to 81%. A […]
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The American auto industry has a moat problem. For decades, that moat was engineering, the kind of advantage Detroit could build but other countries couldn’t copy fast enough. Then the moat was scale. Then capital. Read more…
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