silence7@slrpnk.net to politics @lemmy.worldEnglish · 10 天前Tariff 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-square10linkfedilinkarrow-up157arrow-down11cross-posted to: [email protected]
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 · 10 天前message-square10linkfedilinkcross-posted to: [email protected]
minus-squarecabron_offsets@lemmy.worldlinkfedilinkarrow-up7arrow-down2·10 天前You’re kidding yourself if you think there’s safe harbor other than buying when everyone else sells. Or, don’t take it from me, watch what Warren Buffet does.
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up3arrow-down1·10 天前Consider it this way: you are now wholly invested in USD on the forex market.
minus-squarecabron_offsets@lemmy.worldlinkfedilinkarrow-up2arrow-down2·10 天前And you’d rather invest in what?
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up2arrow-down1·10 天前Go back and read my first comment, or we’re just gonna go around in circles.
minus-squarecabron_offsets@lemmy.worldlinkfedilinkarrow-up1arrow-down1·10 天前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.
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up1arrow-down1·edit-210 天前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?
You’re kidding yourself if you think there’s safe harbor other than buying when everyone else sells.
Or, don’t take it from me, watch what Warren Buffet does.
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?