Goldman Sachs Executive Forecasts Further US Dollar Decline, Says He’s ‘Super Bullish’ on Stocks – Here’s Why
Description
A Goldman Sachs top executive believes the value of the US dollar has further to fall while predicting stocks may reach new all-time highs. In a new analysis, Ashok Varadhan, Goldman’s co-head of global banking and markets, says that gold and Bitcoin ( BTC ) may be an effective hedge against currency devaluation amid a ballooning national budget deficit. “Many investors have become more bearish on the US dollar amid fiscal concerns, and Goldman Sachs Research expects further depreciation in the ...
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