• Randomgal@lemmy.ca
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    10 hours ago

    This is already being written down in the history books because of how devastating it is at home and abroad. You can look up Trump-Futanari inflation if you don’t believe me.

  • D_C@sh.itjust.works
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    14 hours ago

    I think you’ll find it’s a big beautiful drop. A tremendous drop. Everyone is saying it’s the best drop ever!

  • Buffalox@lemmy.world
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    14 hours ago

    The euro has had the biggest gain of the major currencies against the faltering dollar, surging nearly 14 per cent to above $1.17

    That’s for 2025.

    Wall Street banks expect the euro to strengthen to $1.20 by the end of 2026

    So 3 cent decline for the dollar for 2026, that is pretty stable if that holds.
    The headline must refer to what has already happened, but then why is it “on track” instead of it being already a fact?
    Or does the author not believe the Wall Street banks?

    Anywho I don’t believe the dollar will only decline 3 cents against the Euro in 2026.
    The American economy would clearly be in declining growth already, if it wasn’t for the AI bubble. I suspect this to become clearer when job numbers for January and February 2026 are released.
    The completely irresponsible federal budget for 2026 probably won’t help either, and the Trump administration is almost guaranteed to make things worse as they continue their crazy policies, with or without Trump, I don’t think that really matters much. The rest of the administration is as crazy as Trump is.

    • infinitesunrise@slrpnk.net
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      11 hours ago

      PSA for those needing the reminder: Anyone with any savings should be keeping it in a brokerage account (eg Fidelity, eTrade, Vanguard, etc). Savings accounts at banks don’t pay you anywhere near enough interest to keep up with inflation. But with a brokerage you can put that money into a managed fund, which is in turn investing it into the parts of the economy where all the value is going, returning that value to you at like 5%-20% per year. It doesn’t need to be a 401K account connected to your workplace, it can just be a standalone account with regular tax. Even after the gains tax it’s like an order more growth than a savings account and usually outpaces real inflation. Even if the fund’s holdings include things you don’t find 100% ethical, it’s likely what a bank is investing your savings account money in anyway - Just without sharing the profits with you.

      • NewNewAugustEast@lemmy.zip
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        11 hours ago

        What a fun game. The only way to earn interest is to fund capitalistic ventures that got us here in the first place.

        • Instigate@aussie.zone
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          33 minutes ago

          Nah, just buy gold. Gold has consistently outpaced inflation in just about every time period as high inflation leads to a skittish market who invest in gold and cause the price to buoy. Given the current AI bubble combined with the Trump Effect on global economics, my gold investments have made a killing over the last 12 months and continue to perform really well - even with the dip over the last couple of days.

          We never should have got off the gold standard.

          • Throbbing_banjo@lemmy.dbzer0.com
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            6 minutes ago

            Investing everything in one precious metal is terrible advice. It’s never going to outperform the market, it literally only helps you in the event of catastrophic market collapse, and if that happens you’re never getting it out. Even if you were somehow able to, you’d only be able to withdraw it in dollars anyway, it’s not like you have a physical pile of gold in a vault with your name on it.

  • BeeegScaaawyCripple@lemmy.world
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    8 hours ago

    i have this sticker i’m turning into a christmas ornament of santa on the shitter. i can’t remember if the shitter is a chimney or not. it was a gift from my late grandmother and i adore it. i’m tempted to have one of my visual artist friends use it as inspiration for a “i did that” krasnov sticker

    (i found this on temu, the one gram gave me is grumpier. has more soul. but you get the idea)

  • tal@lemmy.today
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    16 hours ago

    That should be interesting politically, given that Pew polling showed that the top concern for Trump voters in 2024 was “the economy” and within that category, the top concern was “prices”.

    • floofloof@lemmy.ca
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      15 hours ago

      The big question is whether they really mean that, and then whether they really notice what’s happening. They may just assume the old false myth that the Republicans are better at managing the economy and double down on their support. Or they may just not want to admit that they don’t care about the economy so long as the government is hurting LGBTQ+ and brown people.