the "strong" US Dollar is not actually strong
When you think about the economy, you usually think about it in terms of your functional currency -- in the US, the Dollar. In Germany, the Euro. In Japan, the Yen. In the UK, the Pound. This creates an illusion -- the money illusion -- because you can't use money for anything at all, you must first trade your money for something else. Yet we
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None of the currencies of the world during this time episode have a rational reason for being traded higher than others because the real-world economy backing them is down everywhere. Partly due to long-standing shortcomings, partly to Covid reappearing here and there, and also partly due to the sanctions against Russia which harm these economies more than Russia itself.
What if that is being, you know, "officially called out"?
Or - what if the other economies whose currency currently sucks on the financial markets get even worse?
I fear that things could roll towards even worse inflation than it does now - and the increases of the prices during the year now has been one hell of a shit...
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