Shorting $DXY in a deep recession is like standing on the train rail and believing a train will not run over you. The slightest sign of the economy contracting again and everybody will flock to the USD for safety.

2020 Default Tsunami: Pandemic Sparks Most US Bankruptcies Since 2009

The hardest hit sectors were energy, retail and consumer services, with a total of 244 bankruptcy filings according to data compiled by Bloomberg. That was the most since 2009, when 293 U.S. companies sought protection from creditors.

 

 

Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.

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