It is losing its value. That’s what inflation is.
USD is being diluted right now. Imagine lots of water being created. In the mean time, lots of countries around the world and soaking up this water. This temporarily create an illusion that USD isn’t diluted. Its an ILLUSION and will not end well
Wake up everyone!!! We thot yesterday's leap would solve everything but stock gains were in falling volume and right now the peanut butter's hitting the outboard motor propeller. Futures: indexes -0.37%, metals -0.78%. Announcements that may or may not matter: Productivity, Unit Labor Costs, and Wholesale Inventories. Ah, someone plse check out this stuff too & pse let me know ur take:
There Is a Downside To ETF Investing - Simon Constable, Wall Street Journal study pdf
The 'Money-Empathy Gap' Is The Real Reason Why Washington Is Out Of Touc
Well, well...
The strength of the “dollar” is fairly useless. We let the politicians raise the debt ceiling time and time again and find ourselves 18.3 Trillion in debt. Interest rates cannot be raised or we will not be able to service the interest on our beloved debt which trickles down to our savings not making sqaut for us. The dollar year over year is losing value, its just losing it at a slower pace compared to other currencies.
This move by China is to spur economic growth after the lowering interest still didn’t achieve it. This action resulted in an appreciation of the dollar. According to an economist, the devaluation increases the chance of the yuan being included in the IMF’s Special Drawing Rights (SDR) basket as China’s goal is to internationalize the yuan in hope of it challenging the dollar for world reserve status.
A rise in the dollar over China’s action doesn’t mean that the dollar overall is not loosing it values as the dollar is expected to appreciate as other nations are expected also to devalue their currencies against the dollar in reaction China’s action.
With the old way stuff worked the dollar should be losing value. But the “old’ way is clearly broken.
Preppers ping?
It doesn't mean the "value" of the dollar is strong. The economies across the world all suck.
.
>> “The stronger dollar hit commodity prices, driving crude oil down after Monday’s hefty gains” <<
.
Ummm - PMs actually went up.
.