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Y’all remember dollar menus at fast food places?
I remember a sack of potatoes costing 1.50. I remember rent costing 450. I remember chicken being less than 1 dollar per lb. I can even remember when healthcare and higher education was a reasonable price. But hey! At least the rich are getting richer
remember chicken being less than 1 dollar per lb
The horror that is necessary to make chicken that cheap should have triggered political change long ago.
and dollar per gallon gas
Which is what got us into the whole climate mess. Pollution being too cheap
Polluting is essentially the only free thing left.
I was able to get gas for near $1 after the 2008 financial collapse at a Rutter’s somewhere in eastern PA. It was amazing.
yeah but the real price you paid was being in Pennsylfuckingvania
What the fuck is up with the beer laws there? I had to stop overnight due to car troubles and I had to walk for like 2 miles to find a gas station to get a six pack. I saw a walk in soda cooler at Sheetz.
woah - lucky
It really pisses me off how expensive Taco Bell has become when they have always served low quality cheap food.
True, but it’s still the cheapest fast food place.
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Excuse me… “five dollar footlongs”
Y’all remember when you could get a shave and a haircut for 2 bits?
I think you’ll find it’s a big beautiful drop. A tremendous drop. Everyone is saying it’s the best drop ever!
Big beautiful drop!
The was on the Project 2025 roadmap. Cheaper to export things when the dollar is cheaper.
The heritage foundation is an enemy of the American people
Let’s not limit it to the US
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And increases the pressure for plebs to invest
Things like soybeans? They really are complete fucking idiots.
Interest rates dropping, prepare for inflation, and prices, to surge.
Ill gladly refinance my mortgage, but at what cost?
what cost?
Closing?
Depends on the lender but usually like $4-8k. It’s bet that you won’t want to change the terms of the mortgage again until your balance is lower than it would be otherwise.
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.
What a fun game. The only way to earn interest is to fund capitalistic ventures that got us here in the first place.
The only way to earn interest is to fund capitalistic ventures that got us here in the first place.
I mean sure, but that’s what the bank does with your money anyway when you put it in a savings account.
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.
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.
Fair, and that’s why I personally have a portfolio of metals, but gold regularly outperforms inflation - especially in troublesome economic times such as we’re in right now.
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.
Not sure what the rules are where you’re from, but I have a literal pile of gold, platinum, palladium and silver bullion in a safe in my home. Yes, I absolutely have a physical pile with my name on it - when I decide to put a sticky note on it and write my name on it.
Why? Like even if society collapses, what are you going to do with it? You can’t eat it.
I’m hedging that society won’t collapse. You might as well ask why I bother to show up at work - if society collapses the money I earn won’t be worth anything. If I’m betting on society to collapse, I’d be investing in stocking a bunker with weaponry and canned foods. I don’t see that as being a valuable investment yet.
Are there enough shares for everybody to buy? If not and people only own index funds then where do those funds put the money?
Stocks are arbitrary units of corporate account and companies always want new investors, if there’s so much demand for their stock that there’s no supply they just issue more stock. But open-ended mutual funds - The type I’d recommend investing in - Aren’t priced by share because they aren’t traded on exchanges. They’re priced by a similar metric called Net Asset Value or NAV. Investopedia explains it better than I can.
companies always want new investors
They also buy back shares and reduce their shareholders.
The ROI will drop if companies have too much money.
But open-ended mutual funds
That just shifts my question. What can those funds buy?
It depends on the fund. Mutual funds have a prospectus that defines exactly how they’ll behave. Some funds leave room for management discretion while others are almost mechanical. They make their holdings public, so you know exactly what they’re composed of. I don’t think there’s much limit on what they could buy, it’s defined more by the strategy of the fund.
Does that answer your question? I wasn’t really even sure what you were asking just doing my best to be informative.
It’s helpful but I am worried about something else. Imagine an Island with 100 inhabitants and $10 each. If there are only 2 companies for $200, what do the other 60 people buy to avoid inflation?
As they’re a completely disenfranchised social majority on an island with a population tiny enough for everyone to know everyone else and a robust enough technological base to justify something like a stock market, they buy nothing and successfully institute anarcho-communism! :D
But to take the scenario seriously: Assuming that there was still demand for the shares among the population, the people seeking shares would offer more money for them than they were originally worth, until some of the people who own them considered it worthwhile to sell. If this alone doesn’t sate demand then the two stock-issuing companies would almost certainly issue more stock, ideally enough for them to raise more funding but not so much that the increased supply overwhelms demand and drops the price per share. They could also split the stock: Every share in circulation instantly becomes two shares, worth half of an older share at time of split. Depends on which market outcomes the companies are seeking. But basically the response to your scenario is that stock issuance is completely arbitrary (Within regulatory limits, whatever they may be) and up to the issuing company, and a market with demand is a market that will be offered shares because to a company it’s just fundraising waiting for the taking. The only thing they can’t do is disappear stock in circulation, if they wanted to remove stock for some reason they’d have to buy it back from holders on the market.
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.
Hmm. Guess I shouldn’t have invested my kids’ college fund in futanari bonds after all.
Everyone knows futanari bonds are a bad idea! You gotta flip your futanaris frequently!
Have we already reached a tipping point for the USD as a reserve currency?
If not will this make that happen?
Because the real “shit hits the fan” moment will be when the rest of the World dumping USD assets (most notably, Treasuries) starts snowballing as those still holding assets valued in USD start getting hit by dollar devaluation due to others having dump USD assets, pushing them to sell dollars and dollar-denominated assets to avoid further losses.
Given just how large of a fraction of their currency is held by foreigners, a snowballing aversion to holding dollars is the kind of thing that can result in hyperinflation in the US.
Somehow, even while blaming tRump for their plight, Republican voters will continue to support tRump, even as they lose everything they and their family have. It’s so fucked up!
He let them use the n-word again without getting embarrassed. That’s what they love him for.
Why are we typing Trump as tRump though?
Why not? It’s my protest of him whenever I have to type his name!
I’ve personally been using it like that for my entire freelancing career of over 20 years. Not since last year though. I’m not staying on a sinking ship.
Back when I lived in Britain working as a freelance ITer in the Finance Industry, after the 2008 Crash and from pretty much a front seat seeing how the authorities there managed the whole thing I lost trust in Britain and the British Pound to safely hold my savings, so kept moving any money I saved out if it, first to Euros (as I was an immigrant there and still had a bank account abroad) and later also to Gold.
Fast forward a few years and when the Leave Referendum results came out and the British Pound tanked 20% in a week, I had only about £2000 in British pounds, having even moved most of the leftovers of my savings out of the pound before the results came out “just in case”.
So my own anecdotal experience is that when a country’s economic and social stability starts showing cracks whilst the politicians in power are mainly concerned with their own wealth and that of their mates, it’s best to at least move a fraction of one’s savings out of that country’s currency, possibly even out of the country itself (I did both, though my situation was unusual in that as an immigrant in Britain I naturally had a bank account outside Britain).
The top 10% own more than 50% of the assets. If the billionaires actually have class solidarity they will simply keep owning dollars and stomach the losses from China selling their government bonds. Chances are that everybody else keeps their bonds because the US still have some influence.
I would guess that they could also put China on an embargo and just reject to trade their bonds, much like the EU does with Russia.
The US have killed Gaddafi for creating a reserve currency for Africa. Trump would be dead if he actually would be threatening the dollar.
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”.
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.
Don’t worry, nothing will change, it will still be Obama’s fault somehow.
Did you see that audacious tan suit bruh
Oh, having whilst in the Finance Industry seen exactly what the Obama administration did in the aftermath of the 2008 Crash, he at the very least tilled and fertilized the fields from were this harvest is coming.
His “save asset holders at any cost and have the rest of society pay for it” approach accelerated wealth concentration, inequality growth and the destruction of social mobility in the US, which amongst other things helped Trump swindle a lot of desperate working class people to vote for him, plus also inflating a number of asset bubbles, most notably realestate.
Just because Trump is even worse doesn’t make Obama a competent steersman of the US Economy.
Are we great yet?
No. You must suffer a little more for us to be great.
I’m tired of winning boss
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.Anywho I don’t believe the dollar will only decline 3 cents against the Euro in 2026.
The EU is going to buy US weapons and energy for billions and pledged billions to invest in the US. All of this has been prepared, by all politicians, in all western countries.
Why would Sleepy Joe Biden do this? 🤷
It wasn’t just Joe, it is the whole Biden crime family including Hunter and his evil Laptop.
Ah yes, the “Biden economy” at work. 🙄
ah yes, dollar, my favourite currency
The Greenback has really outlived it’s purpose as world reserve currency because the government and central bank can’t be trusted with fiscal discipline. It may improve post Trump
I fear the dollar will drop so precipitously Trump will be “forced” to make TrumpCoin our official currency [forced on purpose], like a shitty version of EU’s proposed digital currency
That would be truely outrageous. Luckily he can’t do that.
I understand, but at this point I don’t trust that line of reasoning. If he want to do it, he will.
Who is going to stop him?
The Executive can’t take over the monetary decisions of the country, even if the monetary decision is to replace the currency with one the executive just happens to control and put out as private party. Congress is the one with the power to tax, spend, and create money per Article 1.
Yeah, but who enforces the constitution right now in the US? The executive can’t start wars either.
What would practically happen if Trump and the White House just declared they did it, and the oligarchs just went and had the tech made to enforce it?
Must be all that winning b
Pleeeeeaze pls mr president it’s too much!
