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eatzebugs🎩
@eatzebugs
You are 10.8% poorer than you were 6 months ago. Winning.
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Giles
@wuthering
A weaker USD may not be good news for Americans vacationing abroad, sure.. but they are a minority. On the other hand, a lower USD boosts U.S. exports by making American goods more competitive overseas.
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eatzebugs🎩
@eatzebugs
what's the offset here? it means that goods made, sold and bought in the US are less valuable domestically. it means that american's already tight savings are worth less and will continue to be worth less tomorrow. it means americans and foreigners will buy LESS treasury bonds. it's NET BAD.
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