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Unfortunately the US Dollar is devaluing. In the past year the dollar went down by 11%. That means SP 500 which has gone up 13% in the past year has only gone
by abirch 9mo ago
Unfortunately the US Dollar is devaluing. In the past year the dollar went down by 11%. That means SP 500 which has gone up 13% in the past year has only gone up 2% for a European.
- f1shy 9mo agoThe fact that the EUR/U$S parity did not change much means EUR devaluated about the same, doesn’t it?
- chairmansteve 9mo agoNo the $ devalued against the euro by about 11% in the past 12 months. Look at a chart.
- nullhole 9mo agoEUR/USD increased ~13% in the past year https://www.xe.com/currencycharts/?from=EUR&to=USD&view=1Y https://www.xe.com/currencycharts/?from=EUR&to=USD&view=1Y
- victorbjorklund 9mo agoFalse. Dollar has crashed against Euro.
- deleted 9mo ago[deleted]
- everybodyknows 9mo agoThe DXY dollar index: https://www.cnbc.com/quotes/.DXY?qsearchterm=dollar%20index https://www.cnbc.com/quotes/.DXY?qsearchterm=dollar%20index The big move down happened March-June.
- ugh123 9mo agoCoincides with major tariff actions by the admin
- skybrian 9mo agoThis means that from a European point of view, US investments are 11% cheaper. This could be attractive depending on your view of the future of the US dollar and US stock market.
- realusername 9mo agoWell no thanks, the US is going the same path Hungary and Turkey, just with a 10 year difference, autocrats are never good for business. As soon as Trump came in power I sold all my dollars and I was wise to do it. Expect things to go much more worse from here, this is only the beginning. For now the FED has relatively been untouched, it's not going to stay pristine forever.
- gizzlon 9mo agoyup, by going after Powell he is threatening the rest of them to vote the way he wants in the future. While it would be great if people of the US started to show some backbone and resist this fascist takeower, I'm quite pessimistic. What's going on makes me really sad. OTOH it's not too late!! We have seen trends like this turned around before.
- cmxch 9mo agoThe so-called “fascist takeover” is resisting you.
- WarmWash 9mo agoIt's a matter of perspective, for the US administration, that 11% drop is reason for celebration. Their goal is to make American blue collar manufacturing jobs viable again, and part of the plan is to make it cheaper for other countries to buy their goods. It's not the first time the dollar has been intentionally devalued.
- gizzlon 9mo ago> Their goal is to make American blue collar manufacturing jobs viable again, It's one of many stated reasons. What the real reasons are is not really important IMO. But my money would be on something much more sinister and selfish
- yread 9mo agoNot if the European invested in currency hedged vanguard sp500s