The Globe and Mail reports in its Saturday, April 19, edition that the risks of betting the world's wealth on a single country are surging now that Washington is in the hands of incompetents. The Globe's Ian McGugan writes that President Donald Trump's on-again, off-again tariffs underline how incoherent his economic agenda is. Meanwhile, the enormous U.S. budget deficit continues to swell on his watch, raising concerns about how much longer the rest of the world will be willing to finance Americans' extravagance. The foreign exchange market is already registering its concerns. The U.S. dollar has lost about 8 per cent of its value against other major currencies since Mr. Trump was inaugurated. An unusual trend is emerging, as investors are moving away from the U.S. dollar, despite typical economic tensions that usually boost its value. The latest Bank of America Global Fund Manager Survey reveals that 61 per cent of large investors anticipate the dollar's depreciation over the next year, marking the most negative outlook since 2006. Mr. McGugan advises investors to not bet too much on an increasingly fragile-looking U.S. economy. Citigroup's Beata Manthey says: "Late last year, we suggested investors should begin diversifying away from the U.S. Recent developments have reinforced this view."