The dollar is heading for its worst year since 1973, falling more than 10% year-to-date while nearly every other major asset class explodes upward. Just last night, Bitcoin hit a new all-time high of $125,000, pushing its total market value to $2.5 trillion, as Cryptopolitan reported. Gold is now close to $4,000 an ounce after […]
“worst” is the wrong word to use. Exchange rate fluctuations are not necessarily good or bad, there are winners and losers in either direction. A weaker dollar makes our exports more competitive, and puts downward pressure on interest rates
exactly. trump admin (Miran, Bessent) wanted to soften the dollar. that’s how the tariffs will “pay for themselves.”
even though i hate it, this softening means they are achieving their goals - at least in that regard.
ahem What exports?
Paper and plastic.
I’m not kidding those are pretty much our two main physical exports, since we moved all of our electronics production to China or Mexico.
Scams