Weakening dollar is last hope for world economy, Saxo Bank analyst says


By Elliot Smith
CNBC, New York
Thursday, October 3, 2019

Weakening the dollar is the last throw of the dice in rescuing the global economy, according to Saxo Bank's Steen Jakobsen.

In the online trading and investment specialist’s outlook report for the fourth quarter, published today, Jakobsen said 2019 will most likely be remembered as the year that kickstarted a global recession, despite the lowest ever nominal and real interest rates.

... Dispatch continues below ...


USAGold: Coins and bullion since 1973

USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:


USAGold: Great prices, quick delivery -- all the time.

"Monetary policy has reached the end of a very long road and has proven a failure," Jakobsen, who is the chief economist and CIO at Saxo Bank, added. ...

"In a global system of failed monetary policies and a long and difficult path to fiscal policy, there is only one other tool left in the box for the global economy and that is lower the price of global money itself: the U.S. dollar," Jakobsen said. ...

... For the remainder of the report:


* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019


* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:


To contribute to GATA, please visit: