The tariff-driven inflation that economists feared begins to emerge
The tariff-driven inflation that economists feared begins to emerge
apnews.com
The tariff-driven inflation that economists feared begins to emerge
27 comments
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The USD is slouching relative to the EU, among other currencies.
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I totally forgot who was president between 2021 and 2025. That was when the dollar was relatively high. The president before and after dipped it. If only I could remember the names or affiliation, then I could learn from history.
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The dollar's post-COVID strength was largely thanks to the Keynsian economy-wide business bailout the Americans rushed out in the immediate aftermath, while Europe tried to double-dip into austerity and the Pacific Rim went into full lock down.
We kept our economy moving at the expense of 103M confirmed cases and 1.2M fatalities. There's a lot we could learn from the COVID era. But the suffocating miasma of corporate media means Americans rejected all of it.
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Who knew hiring a felon rapist with a debris field of failed business ventures in his wake and a party with a history of being bad for our economy could have resulted in this?
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Dont spend money on anything that strictly necessary... You would be amazed how much you can save
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You're really going to answer "people can't afford to live because everything (including bare essentials) is too expensive" with "just don't waste so much money“ in an economy specifically designed to make sure that you spend as much as possible whether you choose to or not? 🤦
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I found $170 CAD in monthly subscriptions to cut, I didn't realize it had gotten that bad until I sat down and went over it. Amazed is a good word for it.
Probably could find another $70 monthly if I started cutting some things I prefer to use but have alternatives for (like cutting QoBuz because I have YT Music, PlexAmp).
But yes, inflation has taken a bite and I've started to cut back on unnecessary things.
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Funny that
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like a cornered rat, it must go…somewhere
27 comments
If only they had warned us 😭
No one could have seen it coming.