News for hackers. Stuff that matters.
Re:How Not to Fight Inflation by netfortius on Saturday July 16, 2022 @09:37AM (#32117930)
Best way to fight inflation in the US? Buying Euros.
Re:How Not to Fight Inflation by collegeburner on Saturday July 16, 2022 @10:14AM (#32118335)
ahh yes the falling euro that will probably fall even lower, what could go wrong? srsly the ECB is going to have a lot of trouble keeping the euro stable and their "new instrument" or whatever they're going to use to maintain liquidity is still going to cause a lot of inflation and continue to damage the german economy (the productive one) to support the leech countries (greece, spain, italy, others)
Re:How Not to Fight Inflation by m348e912 on Saturday July 16, 2022 @10:04AM (#32118211)
Not if Europe and the Euro self-destructs before the US/USD does. If you're going the currency hedging route, at least diversify across multiple geopolitical regions.
Re:How Not to Fight Inflation by Aunche on Saturday July 16, 2022 @09:57AM (#32118138)
1 Euro is roughly 1 USD now. The Yen is also relatively weaker now, despite Japan having lower inflation. The only major currency that's risen against the dollar is the Russian ruble, which has been heavily manipulated.
Re:How Not to Fight Inflation by baq on Saturday July 16, 2022 @10:15AM (#32118348)
Russia can’t spend its dollars. They would very much like to buy stuff and in the process counter the one way flow of money, but mostly can’t and have to resort to black markets. Of course there’s manipulation, but it isn’t the whole story.
Re:How Not to Fight Inflation by neverrroot on Saturday July 16, 2022 @10:39AM (#32118597)
Manipulated in what ways? By whom? Countries such as India happily purchasing energy from RU?
Re:How Not to Fight Inflation by Aunche on Saturday July 16, 2022 @10:54AM (#32118741)
Currency controls. In short, it's much easier to convert dollars into rubles than rubles into dollars.