logoalt Hacker News

nxmyesterday at 5:28 PM3 repliesview on HN

And yet prices are marginally up while all the "economists" expected major inflation. Dollar vs Euro is at same level now as it was in 2019 - there are benefits to the economy as well when the currency is less strong.


Replies

threecheeseyesterday at 7:59 PM

I keep seeing this “marginally higher” statement about prices, usually as part of a “things are actually fine” argument, but everything in my life has increased in cost in a way I just don’t understand. Is it that these are counterbalanced in some way making it not macroeconomically relevant?

hypeateiyesterday at 5:42 PM

> "economists" expected major inflation

Gold front runs monetary policy and "economists" aren't the only ones trading that. Look at the gold chart for the past year. I don't think it's really disputed that high inflation is on the horizon due to the debt situation (which Trump has made worse with the OBBB)

> there are benefits to the economy as well when the currency is less strong

Care to list those? I can think of a few but it assumes that we're already in the position of being an export based economy which we're not and not tangibly working towards.

show 1 reply
songodongotoday at 3:45 AM

Patty Melt at Waffle House is like $15 now. Thanks Trump.