According to news from the Chasing Wind Trading Platform, Nomura Securities Chief Economist Richard Koo pointed out in a recent research report that the "Plaza Accord" of 1985 initiated a period of rapid depreciation of the dollar, while the U.S. stock market repeatedly hit new highs, which is "very similar" to the current prosperous state of the U.S. stock market.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
According to news from the Chasing Wind Trading Platform, Nomura Securities Chief Economist Richard Koo pointed out in a recent research report that the "Plaza Accord" of 1985 initiated a period of rapid depreciation of the dollar, while the U.S. stock market repeatedly hit new highs, which is "very similar" to the current prosperous state of the U.S. stock market.