The Dollar Is Extremely Strong, Pushing Down the World

By artappraiser on Sat, 07/16/2022 - 8:01pm |

this is truly what "MAGA" looks like; whether you like the ramifications or not is another question:

The value of the U.S. dollar is the strongest it has been in a generation, devaluing currencies around the world and unsettling the outlook for the global economy as it upends everything from vacation costs to the profitability of multinational companies. https://t.co/Vtwn4u1NNR
— The New York Times (@nytimes) July 16, 2022

URL:

https://www.nytimes.com/interactive/2022/07/16/business/strong-dollar.html?smid=tw-nytimes&smtyp=cur

2376 reads

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A lot of people don’t realize this but we’ve been experiencing a sustained fall in wage inequality since the late-Obama years continuing through Trump, the pandemic, and the Biden recovery. pic.twitter.com/kDtnJerzQw
— Matthew Yglesias (@mattyglesias) July 18, 2022

by artappraiser on Mon, 07/18/2022 - 1:25am

Different interpretations obviously

Oh and convincing Mexico to contribute what is it, 1.5 million to border protection!!
— Peggy Eads (@PeggyEads3) July 17, 2022

by PeraclesPlease on Mon, 07/18/2022 - 2:39am

Mississippi is higher-income than New Zealand! https://t.co/B9iUuxtKsR
— Noah Smith (@Noahpinion) June 29, 2022

(it's 4 pages on the tweet but the link has all on single page)

by artappraiser on Wed, 07/20/2022 - 12:41am

Not sure how current exchange rate played into this, but...

PPP isn’t actually purchasing power. It’s mostly based on how similar your local expenditures are to suburban USA preferences.
— Brian (@SpeakingBee) June 29, 2022

What you say is true about Mississippi as not being a hell-hole, but I've spent a lot of time in rural Mississippi and some time in rural NZ. Mississippi seemed poorer by a fair margin.
— Sandy Wilbourn (@rswilbourn) June 29, 2022

by PeraclesPlease on Wed, 07/20/2022 - 12:57am

Biden: 'I don't think we're going to see a recession' https://t.co/ubmCewpHqs
— MarketWatch (@MarketWatch) July 25, 2022

by artappraiser on Mon, 07/25/2022 - 4:29pm

The Dollar Is Extremely Strong, Pushing Down the World

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