Perché dovrei preoccuparmi se il dollaro USA cade?
https://www.bbc.co.uk/news/articles/cwyn1egyn4xo
di Upstairs_Drive_5602
Perché dovrei preoccuparmi se il dollaro USA cade?
https://www.bbc.co.uk/news/articles/cwyn1egyn4xo
di Upstairs_Drive_5602
25 commenti
You’ll care when eggs are $12 and your rent says “USD or equivalent in canned beans” 🥚💸
We don’t, the US is destroying itself leave them to it.
It’s pretty far from falling for one simple reason: there is nothing that could replace it. And no, EUR won’t work unless EU starts issuing a shitload more of bonds and moves from net exporter to net importer.
USD is the global reserve currency. If USD crashes, the entire world goes into a bad recession
Damnit all those products we are boycotting will become cheaper?
If you buy a lot of stuff from the US: hooray, things got cheaper!
If you sell a lot of stuff to the US: oh my, your customers are now going to have to pay more for your products. They are not going to like that. Maybe they ask you for a discount, maybe they stop buying from you altogether.
If you are working for a company that sells a lot of stuff to the US, that may affect your job security – and not in a good way.
On the other hand, if you work for a company that buys stuff from the US – hooray, again!
If your pension has US shares it’s worth a lot less.
> The first time ordinary Americans might notice a weaker dollar is when they go abroad, as their money will not go as far. While foreign tourists in the US will find their currency will buy them more.
I think this kind of ignores the out of control inflation the US population is facing right now. Anyone from a Euro country who visited the US recently, should know that even with a 10% discount, their money in fact does not buy them more.
I think this is a very large article explaining everything but the fundamental problem / opportunity. The world lost the trust in the US. A weak dollar won’t make the US more attractive to invest but it’s rather so that the dollar is weak because the US is not an attractive country to invest anymore. My devaluing the USD, the Federal Reserve tries to lower the problem by making it more interesting to buy in and less interesting to cash out of the US market but they are fundamentally not lowering the USD to a degree that it could increase the attractiveness further than they used to be.
Meh. Everything must change. The US dollar might/will fall one day, and some other currency will instantly step into it’s place as the “anchor” currency.
If you work for an American company your office is now more expensive and prone to staff cuts.
All Trump has done is show the world that you can’t rely on American imports and exports. I would expect to see the trade deficit rising as everyone else looks to cut America out of anything they actually rely on.
If It falls now wouldn’t that trigger a global depression? It hasn’t even fallen yet and we are getting there.
We will start to feel most of things by summer. Company’s like Sony have already increased prices. And a lot of stock and pension plans in Europe did lose money too.
I think If the dollar falls It will be catastrophic? But I’m no economist.
Unless it falls after everything has shifted to the euro or pound sterling. But that is not the current situation.
“While a weak dollar may be good for exports, a falling dollar will be accompanied by stock market losses and greater declines in confidence. Eventually, even the almighty American consumer will be shaken and realize that he is poorer today than three years ago and that he better start putting money away for his retirement, especially given Bush’s proposed risky experiments with the social security system.
At that point, Americans will join the stampede out of their economy. Why shouldn’t they? They’re free to choose where to put their money. Europe’s stock markets will begin to look like an attractive alternative.
But this scenario offers no happy ending for Europe. A weakening US economy and the strengthening Euro will dampen European exports. The European Central Bank, fixated on inflation, will be slow to lower interest rates, and the European Stability Pact will make it impossible for fiscal policy to offset these weaknesses. Europe will join America in a downturn, reinforcing America’s decline and setting in motion a global downward spiral.”
By Joseph E. Stiglitz
You shouldn’t, fuck us.
Looks like that article was aimed at US readers. For the rest of the world, commodities priced in dollars got cheaper in terms of their own currency.
Of course those who want to export to the USA see that their goods have become relatively more expensive, but Trump’s tariffs have already shown that you have to forget about selling to the USA and look elsewhere.
The USD has not fallen, it was near all time highs a few months ago and now it’s pretty much back to its average value over the last 10 years or so. It was significantly lower throughout most of 2021 as well
I got you here. The US wants to go to war and who cares if it’s an $800 billion military if $800 billion is equal to €100 million.
I’m honestly only afraid of the whole “speedrun of Weimar Republic” part that seemingly does include the “wheelbarrows of banknotes for bread” thing as a compulsory thing. The endgame to that one is not a nice place, as I’m sure all of you know…
As a nihilist, I don’t.
Let it all burn.
I’m an American freelance writer who lives in france, and the majority of my clients are American. As a result, I get paid in USD. My income has severely shrunk this year as a result of the weakened dollar. I basically have to either charge 10-20% more (which isn’t really feasible), or I have to eat the loss of income. All while inflation persists.
Joking aside, there are some discussions about this specifically, and the short answer is: we don’t really know how the exchange rates and tariffs will affect the Apple product pricing.
Remember that those are (mostly) produced in East-Asia and not in the US, and if tariffs on imports make iPhones more expensive in the US, they may well be dumped on the European market … or Apple may try to make up for the losses by raising prices. We don’t know.
We want the dollar to plummet so that the euro will rightfully take its place.
As someone from the USA living in Spain, everything is 10% more expensive for me in the last month. It’s not fun.
End neoliberalism
You shouldn’t, however a lot of Europeans are paid in dollars, including myself, and I pay taxes to the State in EU currency, so those who are paid in dollar are pretty much f…d.