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Well, let's compare it to other countries right. (and this is just my feeling). Europe can't heat their homes this winter because of Russia's war on eastern Eur
by SilverBirch 4y ago
Well, let's compare it to other countries right. (and this is just my feeling). Europe can't heat their homes this winter because of Russia's war on eastern Europe. Russia is fucked also, becasue they need to sell their oil at a discount to whoever will take it to fund their war. This has also caused a massive spike in food costs in emerging markets. Turns out Ukrainian crops were important. Meanwhile, China is struggling with its first real recession because of overleverage with Evergrande and the same supply chain issues that face the US. So yes, things are going badly in the US. But there are bigger problems elsewhere and in situations where things go crazy people flee to safety. Which at the moment seems to be the USD.