4 ms·
Foreigners only bare the brunt of the inflation if they own USD denominated debt or other fixed income assets. Americans suffer if the dollar inflates because
by nly 5y ago
Foreigners only bare the brunt of the inflation if they own USD denominated debt or other fixed income assets.
Americans suffer if the dollar inflates because imports get more expensive and rates demanded on USD debt purchased by foreigners will go up, making the loans more expensive in America.
- IG_Semmelweiss 5y ago>>>Foreigners only bare the brunt of the inflation if they own USD denominated debt or other fixed income assets If the local latin currency floats freely, there is nothing stopping foreigners from buying currency ans buying up real estate. The US exports inflation in droves.
- samatman 5y agoOh word? What currency does El Salvador use now? My hint: it's not called the peso.