{"id":42938,"date":"2025-04-16T11:49:00","date_gmt":"2025-04-16T11:49:00","guid":{"rendered":"https:\/\/idea.membrane.com\/songwriter\/?p=42938"},"modified":"2025-04-16T11:49:00","modified_gmt":"2025-04-16T11:49:00","slug":"strength-of-the-dollar","status":"publish","type":"post","link":"https:\/\/kingarthur.com\/songwriter\/2025\/04\/16\/strength-of-the-dollar\/","title":{"rendered":"Strength of the Dollar"},"content":{"rendered":"

Strength-of-the-Dollar-0.mp3<\/a>
\nStrength-of-the-Dollar-0.mp4<\/a>
\nStrength-of-the-Dollar-I.mp3<\/a>
\nStrength-of-the-Dollar-I.mp4<\/a>
\nStrength-of-the-Dollar-intro.mp3<\/a><\/p>\n

[Intro]
\nIs the dollar going down
\n(Down, down, down)<\/p>\n

[Bridge]
\nJust look around<\/p>\n

[Verse 1]
\nForeign exchange
\nBeen getting strange
\nTryin’ to make sense
\nOf dollars and cents<\/p>\n

[Chorus]
\nThe capital flight
\n(Is in sight)
\nIs the dollar going down
\n(Down, down, down)<\/p>\n

[Bridge]
\nJust look around<\/p>\n

[Verse 2]
\nThings are getting funny
\nWith all our money
\nThe president
\nSold us for rent<\/p>\n

[Chorus]
\nThe capital flight
\n(Is in sight)
\nIs the dollar going down
\n(Down, down, down)<\/p>\n

[Bridge]
\nJust look around<\/p>\n

[Chorus]
\nThe capital flight
\n(Is in sight)
\nIs the dollar going down
\n(Down, down, down)<\/p>\n

[Outro]
\nIs the dollar going down
\n(Down, down, down)
\nJust look around<\/p>\n

A SCIENCE NOTE<\/p>\n

The U.S. dollar (USD) has recently moved more than one standard deviation away from its historical norm<\/strong> in several important ways \u2014 particularly in real value, global dominance, and volatility<\/strong>. Here’s how:<\/p>\n

1. Real Effective Exchange Rate (REER)<\/strong><\/h3>\n

The REER<\/strong>, which adjusts the dollar for inflation and trade weights, has been:<\/p>\n