silence7@slrpnk.net to politics @lemmy.worldEnglish · 3 days agoTariff Gambit Bets Americans Will Swallow Higher Prices: Treasury Secretary Scott Bessent argues that the American dream is about more than cheap televisions, but inflation-weary consumers may disageewww.nytimes.comexternal-linkmessage-square10fedilinkarrow-up157arrow-down11cross-posted to: nyt_gift_articles@sopuli.xyz
arrow-up156arrow-down1external-linkTariff Gambit Bets Americans Will Swallow Higher Prices: Treasury Secretary Scott Bessent argues that the American dream is about more than cheap televisions, but inflation-weary consumers may disageewww.nytimes.comsilence7@slrpnk.net to politics @lemmy.worldEnglish · 3 days agomessage-square10fedilinkcross-posted to: nyt_gift_articles@sopuli.xyz
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up3arrow-down1·3 days agoConsider it this way: you are now wholly invested in USD on the forex market.
minus-squarecabron_offsets@lemmy.worldlinkfedilinkarrow-up2arrow-down2·3 days agoAnd you’d rather invest in what?
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up2arrow-down1·3 days agoGo back and read my first comment, or we’re just gonna go around in circles.
minus-squarecabron_offsets@lemmy.worldlinkfedilinkarrow-up1arrow-down1·3 days agoPoint is that you and I are both making assumptions. I assume no safe harbor. You assume ex-US is going to fare better. You fail to see that you may be wrong. Historically, you’re wrong.
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up1arrow-down1·edit-23 days agoI’m not claiming it’s a safe harbor, just that it’s observably tanking less quickly than the US due to the obvious buffer. If you were truly assuming “no safe harbor,” would you be holding devaluing currency?
Consider it this way: you are now wholly invested in USD on the forex market.
And you’d rather invest in what?
Go back and read my first comment, or we’re just gonna go around in circles.
Point is that you and I are both making assumptions. I assume no safe harbor. You assume ex-US is going to fare better. You fail to see that you may be wrong. Historically, you’re wrong.
I’m not claiming it’s a safe harbor, just that it’s observably tanking less quickly than the US due to the obvious buffer.
If you were truly assuming “no safe harbor,” would you be holding devaluing currency?