3 ms·
again, what's the relevance to an American who makes USD spending in USA?
by websiteapi 9mo ago
again, what's the relevance to an American who makes USD spending in USA?
- lotsofpulp 9mo agoBecause some of the things they buy are imported, or depend on imports. Unless an American’s income went up by the same amount, they lost purchasing power. The greater the proportion of non-USD assets they have, the greater purchasing power retained (i.e. the wealthy that depend less on selling their labor).
- jeffbee 9mo agoA share of Microsoft costs an American 16% more today than a year ago, whereas from the perspective of a German a share of Microsoft cost slightly less than a year ago. That's one way to look at it, anyway.
- websiteapi 9mo agoWhy would or should an American care how much it costs for a German though?
- saulpw 9mo agoThe cost of health insurance (in USD) just went way up.
- websiteapi 9mo agoWhat does that have to do with the currency difference?
- jeffbee 9mo agoDid you know that drugs are made abroad?