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That would be a double whammy for America then: a devalued dollar and higher oil prices. Both cause inflation. China doesn’t seem to be squeezed when they seem
by znnajdla 7mo ago
That would be a double whammy for America then: a devalued dollar and higher oil prices. Both cause inflation.
China doesn’t seem to be squeezed when they seem to have a deal with Iran to buy in yuan.
- dboreham 7mo agoQuick note that "devalued dollar" is inflation, not a cause of inflation.
- joshuaissac 7mo agoInflation is about what goes on inside the country. So you can have inflation internally while the domestic currency strengthens against foreign currencies, and vice versa. If your currency is falling against foreign currencies but prices are also dropping domestically, you get deflation. This was happening in China a couple of years ago, and they were exporting this deflation to other countries.