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Comparing against other currencies are tricky, they often move in a similar direction at different rates.
by _heimdall 1y ago
Comparing against other currencies are tricky, they often move in a similar direction at different rates.
- mgh95 1y agoExactly what people are saying here (the USD is weakening at an alarming pace! Americans are going Weimar Republic!) isn't borne out in the data. We aren't seeing the USD weaken against other countries in an independent manner. That's the point; not to prove that we are seeing a stalwart dollar, but that we are seeing roughly "business as usual".
- _heimdall 1y agoThere are concerning scenarios when all currencies lose, or gain, spending power at a similar rate.
- mgh95 1y agoSure, but I think we are seeing the US's future more in France at the moment than a secular decline against all other developed nations. There are very real questions about how society is structured that need to be resolved, but the US is far from alone or the worst in that regard.