5 ms·
> whenever there is a crisis, there will be a rush to the dollar, not away from it. And yet during the current crisis there was a rush away from the dollar.
by riffraff 1y ago
> whenever there is a crisis, there will be a rush to the dollar, not away from it.
And yet during the current crisis there was a rush away from the dollar.
- theptip 1y agoRemarkable how quickly they were able to break that historical invariant. Meanwhile Fox News posted that akshually Trump had a cunning plan to lower interest rates by tanking the stock market temporarily so that the bond refinance this year would be more affordable. This is “hold my beer” economics in action.