US Curren$y on Pace to Pass the Euro

[sportscribe]

Yes that’s great once again AUSTERITY IS BAD. If our economic policy is playing any kind of role and it involves austerity that means a majority of Americans are being hurt by this therefore NO this isn’t a good thing

I didn't mention whether it was good or bad. Just stating what is causing the strengthening of the dollar in the market.

Who this helps ultimately is people/institutions that have invested in US-based assets and US importers.

 

[Godless Socialist CEO]

I didn't mention whether it was good or bad. Just stating what is causing the strengthening of the dollar in the market.

Who this helps ultimately is people/institutions that have invested in US-based assets and US importers.

That’s great……who this hurts, majority of Americans. Which has been my point from my first post. I don’t give a shyt about rich people being helped by this. They don’t drive economic growth, trickle down economics was proven to be a lie decades ago

 

[sportscribe]

That’s great who this hurts, majority of Americans. Which has been my point from my first post. I don’t give a shyt about rich people being helped by this. They don’t drive economic growth, trickle down economics was proven to be a lie decades ago

What hurts Americans is inflation and potentially rising interest rates, not the strength of the dollar.

I think you need to start from the basics before engaging in conversations breh.

 

[Wargames]

Is this a result of Brexit?

 

[jj23]

Euro, US dollar a penny away from parity

The US Federal Reserve is well ahead of Europe on tightening, having hiked interest rates by 75 basis points while indicating that more rate increases will come this month.

www.local3news.com

@jj23 the pound is within reach as well

Dems the breaks, like Boris said in his resignation speech lol...

 

[Tres Leches]

dollar should peak within the next 12 months

 

[Professor Emeritus]

Fears of recession on the continent abound, stoked by high inflation and energy supply uncertainty caused by Russia's invasion of Ukraine.

The energy crisis comes alongside an economic slowdown, which has cast doubts over whether the European Central Bank can adequately tighten policy to bring down inflation.

A series of aggressive interest rate hikes by central banks, including the Fed, coupled with slowing economic growth will keep pressure on the euro while sending investors toward the US dollar as a safe haven, say analysts.

The US Federal Reserve is well ahead of Europe on tightening, having hiked interest rates by 75 basis points while indicating that more rate increases will come this month.

This safe haven retreat into the US dollar could become even more extreme if Europe and the US enters a recession, warned Deutsche Global Head of FX Research George Saravelos in a note last week.

A situation where the euro is trading below the US dollar at a range of $0.95 to $0.97 could "well be reached," wrote Saravelos, "if both Europe and the US find themselves slip-sliding in to a (deeper) recession in Q3 while the Fed is still hiking rates."

That's good news for Americans with plans to visit Europe this summer but could spell bad news for economic global stability.

Literally all of those things are shyt for everyone other than rich Americans with investments and international travel plans. And we're celebrating this shyt?

 

[Godless Socialist CEO]

What hurts Americans is inflation and potentially rising interest rates, not the strength of the dollar.

I think you need to start from the basics before engaging in conversations breh.

“Let me just ignore what the point this guy is trying to make because it doesn’t fit my narrative”

I’d expect nothing less from someone who’s most likely a bootlicker

Austerity really has hit poor people hardest – the figures prove it | Poverty | The Guardian

Tax and welfare changes introduced by George Osborne in 2010 will continue to push children into poverty, says professor of economics and public policy, Jonathan Portes

amp.theguardian.com

Austerity is hurting our health, say researchers

Austerity is having a devastating effect on health in Europe and North America, driving suicide, depression and infectious diseases and reducing access to medicines and care, researchers said on Monday.

www.reuters.com

IMF must abandon demands for austerity as cost-of-living crisis drives up hunger and poverty worldwide - World

News and Press Release in English on World and 6 other countries about Food and Nutrition, Health, Epidemic and more; published on 19 Apr 2022 by Oxfam

reliefweb.int

you should also do some research on what raising fed rates actually affect. Because please believe me when I tell you raising fed rates isn’t fixing supply chain issues, the Saudis price gouging, or a housing market that was being inflated by the government not just stepping in and stopping investment banks from buying homes. Which in turn drove up rents which happened because once again the us government didn’t step in and do their jobs

 

[Godless Socialist CEO]

Literally all of those things are shyt for everyone other than rich Americans with investments and international travel plans. And we're celebrating this shyt?

Because “America fukk yeah baby”

As I celebrate from my cardboard box on the side of the road. Down the street from my house now owned by some faceless investment bank that evicted me after I missed a couple mortgage payments due to
Losing my job due to layoffs from rising fed rates

 

[NkrumahWasRight Is Wrong]

Time to move to Europe

Buy the dip

 

[sportscribe]

you should also do some research on what raising fed rates actually affect. Because please believe me when I tell you raising fed rates isn’t fixing supply chain issues, the Saudis price gouging, or a housing market that was being inflated by the government not just stepping in and stopping investment banks from buying homes. Which in turn drove up rents which happened because once again the us government didn’t step in and do their jobs

Again, I am not making any declarative statements about the virtues of a strong dollar. Simply trying to explain to you what is causing the rise in the value of the dollar.

Perhaps you can give us insight into what non-monetary policy measures the Fed should use to curb inflation?

 

[Godless Socialist CEO]

Again, I am not making any declarative statements about the virtues of a strong dollar. Simply trying to explain to you what is causing the rise in the value of the dollar.

Perhaps you can give us insight into what non-monetary policy measures the Fed should use to curb inflation?

fukking up peoples lives shouldn’t be on the table as one of those options. I’ll leave it at that. One last time AUSTERITY IS BAD. Have a great day

 

[Shogun]

Why does it seem like the people who claim loudest that they care about others spend a good chunk of their time calling people stupid on the internet?

 

[sportscribe]

Is this a result of Brexit?

If you are referring to the Euro, it's falling because of the negative economic outlook in the Eurozone that has been brought about by the war in Ukraine. Europe is dealing with a lot of supply chain issues, especially with regards to the natural gas coming out of Russia. Combined with rising oil prices, it's causing cost-push inflation on the price of goods in Europe and it's reducing the Euro purchasing power. As demand for energy increases in the colder months, it will push costs even higher. I am thinking you will see protests in Europe after the summer months.

 

[Godless Socialist CEO]

Why does it seem like the people who claim loudest that they care about others spend a good chunk of their time calling people stupid on the internet?

It’s always fun to see bad faith actors making statements like

“Due to you not being nice to me about my shyt opinions that involve advocating ruining millions of lives on the internet clearly you must be an awful human IRL”

No different from your typical right winger who goes around calling other people snowflakes when it’s just pure projection lol