It’s not fucking “strange”.
It’s Canada, Japan, the EU, and our other former allies retaliating against the US trying to use absolutely asinine and ham-fisted tariffs as a cash grab/shakedown by engaging in strategic retaliatory fiscal policy.
This is actual 4D geoeconomic chess. Because if orangeboi doesn’t listen and they keep going, the USD standard goes away.
This is the fully realized American Exceptionalism mindset. Trump thought the entire world was going to bend over backwards to deal with us because the USA is so great and awesome they had no choice.
It’s also American business interests losing faith in fascist America. Stupid ideas have painful consequences.
You say that like Brexit wasn’t the most successful political victory in the history of the world.
And you say that like there were no painful consequences to brexit
Yeah /s
Beat me to it. ;)
lol I didn’t need the /s
Interesting that Carney was opposed to brexit but managed their central bank through it (as the first foreigner to run it, they wanted him that much) and now is part of, if not coordinating, the fuckyoudonny group of leaders selling their us bonds. Dude seems mild but should scare the shit out of the GOP.
Snort that propaganda long enough youre bound to do something stupid
He is forcing the rest of the world to wean itself off of the US. Good job MAGA.
What’s the article have to say about why the selloff is strange?
- it reflects something more ominous as President Donald Trump tries to reshape global trade: a loss of confidence in the U.S.
- Global trust and reliance on the dollar was built up over a half century or more … But it can be lost in the blink of an eye
- the dollar has fallen 9% against a basket of currencies, a rare and steep decline
- It is no longer hyperbole to say that the dollar’s reserve status and broader dominant role is at least somewhat in question
- the ballooning U.S. federal debt, which is already at a risky 120% of U.S. annual economic output … Most countries with that debt to GDP would cause a major crisis
- he will force interest rates lower to boost the economy even if doing so risks stoking runaway inflation. That is a sure fire way to get people to flee the dollar.
- This is the first step down a slippery slope where international confidence in the U.S. dollar is lost
Hm, strange indeed. It’s just happening on its own and nobody can put their finger on why. Better say it’s “strange” and not “POTUS is intentionally destroying the US’s global standing via disastrous and illegal policy”
Isn’t a purposeful weakening of the dollar his entire “mar-a-lago accord” strategy?
Yes he mentioned wanting to devalue the dollar during his campaign. Everyone not in the cult thought that was stupid at the time. Still do
This is the AP bullshit I keep talking about in those stories about how the whitehouse has drop-kicked them from the press pool. And I keep getting downvotes from well-meaning journalism students who think the AP is not as bad as the NY Post.
“Strange” the billionaire class following the plan to steal America from the People for their own gain
Tariffs raising the price of goods is all well and good, but interest rates control the money supply. Goods prices can rise however there is only so much cash available to buy things, so we are getting lower corporate margins and a recession, not inflation.
Though we will see if Powell is fired too.