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Most Americans don't need cheaper iPhones and Amazon/Taobao slop, they need higher wages, cheaper food, cheaper housing. A cheap dollar moves industry back to A
by ipnon 1y ago
Most Americans don't need cheaper iPhones and Amazon/Taobao slop, they need higher wages, cheaper food, cheaper housing. A cheap dollar moves industry back to America and this is a win for the average American. A weakening dollar is basically a gigantic macroeconomic signal to move investments back into the American economy instead of pushing them away.
- whatever1 1y agoExcept from all the investors who are literally dumping dollars and treasury bonds and use other things to transact and store value. Good luck getting loans & investments for your 100% American business ideas. Hint: Go to any country that is not called the USA and try to get a $1M equivalent loan/investment for your startup and let us know how it goes.
- dep_b 1y agoThe flip flopping of the government is also a gigantic macroeconomic signal to not invest in the US as there is no long term prediction possible. CHIPS act goes away, something else comes, trade deals are made, then tariffs, then no tariffs, then tariffs again. You don’t offset a cheaper dollar against counter tariffs. You’re one nationalization away from becoming the next Argentina.
- mylifeandtimes 1y agoWeimar-a-largo
- AtariATMHacker 1y ago[dead]
- n4r9 1y agoIs the cost of food and housing going down?
- konart 1y agoI was under impression that americans already have pretty high wages, cheap food and cheaper housing. At least compared to many other countries.