The dollar is slipping, and nobody looks surprised.
By Maxime Laurent · 2026-01-27 12:57
The dollar is slipping, and nobody looks surprised.
The US dollar just hit its weakest DXY level since March 2022 — and the timing feels… heavy.
Today Ray Dalio dropped a long macro note saying the US is deep into the late stage of the big economic cycle. Too much debt, too little room to maneuver. And when pressure builds like that, governments usually reach for the same tool: money printing. Encore.
A weaker dollar isn’t an accident here — it’s almost a consequence. Debt sustainability starts to matter, deficits grow teeth, and suddenly currency dilution feels like the least painful option… at least politically.
From my little corner by the Mediterranean, this all feels strangely familiar. When fiat credibility wobbles, alternative stores of value don’t need marketing — they just wait. Gold, $BTC, hard assets… they don’t rush, they absorb 🌊
I’m not cheering against the dollar. I’m just watching the cycle play out. Late-cycle vibes are never loud — they’re slow, uneasy, and full of “temporary measures” that become permanent.
Keep an eye on DXY. It rarely moves without telling a bigger story.
#macro #dollar #DXY #RayDalio #bitcoin #BTC #crypto #CryptoFriture
The US dollar just hit its weakest DXY level since March 2022 — and the timing feels… heavy.
Today Ray Dalio dropped a long macro note saying the US is deep into the late stage of the big economic cycle. Too much debt, too little room to maneuver. And when pressure builds like that, governments usually reach for the same tool: money printing. Encore.
A weaker dollar isn’t an accident here — it’s almost a consequence. Debt sustainability starts to matter, deficits grow teeth, and suddenly currency dilution feels like the least painful option… at least politically.
From my little corner by the Mediterranean, this all feels strangely familiar. When fiat credibility wobbles, alternative stores of value don’t need marketing — they just wait. Gold, $BTC, hard assets… they don’t rush, they absorb 🌊
I’m not cheering against the dollar. I’m just watching the cycle play out. Late-cycle vibes are never loud — they’re slow, uneasy, and full of “temporary measures” that become permanent.
Keep an eye on DXY. It rarely moves without telling a bigger story.
#macro #dollar #DXY #RayDalio #bitcoin #BTC #crypto #CryptoFriture
Disclaimer: This content is for informational purposes only and not financial advice.