Unfortunately the US Dollar is devaluing. In the past year the dollar went down by 11%. That means SP 500 which has gone up 13% in the past year has only gone up 2% for a European.
It's a matter of perspective, for the US administration, that 11% drop is reason for celebration.
Their goal is to make American blue collar manufacturing jobs viable again, and part of the plan is to make it cheaper for other countries to buy their goods.
It's not the first time the dollar has been intentionally devalued.
Well no thanks, the US is going the same path Hungary and Turkey, just with a 10 year difference, autocrats are never good for business.
As soon as Trump came in power I sold all my dollars and I was wise to do it.
Expect things to go much more worse from here, this is only the beginning. For now the FED has relatively been untouched, it's not going to stay pristine forever.
yup, by going after Powell he is threatening the rest of them to vote the way he wants in the future.
While it would be great if people of the US started to show some backbone and resist this fascist takeower, I'm quite pessimistic. What's going on makes me really sad.
OTOH it's not too late!! We have seen trends like this turned around before.
