On: Trump wins presidency for second time

[dalmo3]

This is why the US is so great. You debase the dollar, the whole world suffers, and you can still claim "we've outperformed our peers". Fantastic.

[llamaimperative → dalmo3]

The dollar traded at pretty stable levels through the 2020-2024 period, and most countries that could did similar things to their currencies as we did.

[throwaway2037 → llamaimperative]

To be clear, it doesn't make sense to say "the dollar traded at pretty stable levels". You need an FX pair to make sense.

There are three big, floating currencies in the world: USD, EUR, and JPY. These currencies are overwhelming used for international trade. The USD<->EUR FX rate has been quite stable (~1.10) for about 10 years. However, the JPY<->USD FX rates has risen dramatically since 2022.

[llamaimperative → throwaway2037]

To be clear, it's obvious I'm saying across a basket of all FX pairs, the US traded at pretty stable levels. There is no sign at all of debasement.

JPY, likewise, has performed terribly against a basket of all FX pairs.

JPY is the outlier.

[bluecalm → dalmo3]

One look at a currency prices chart disproves the "debasing" theory.