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Drudge Retort: The Other Side of the News
Thursday, September 22, 2022

The US dollar climbed to a new two-decade high on Wednesday after Russia said it was mobilizing 300,000 military reserves in an escalation of the war in Ukraine.

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A strong US dollar encourages more imports and fewer exports, hurting the trade balance, i.e., US-produced goods are more expensive abroad.

There's a reason why we import so much from China....

#1 | Posted by LampLighter at 2022-09-21 08:31 PM | Reply

Lots of pros and cons to a strong dollar. The biggest pro right now is it will help cool inflation in the country by increasing the price of goods internally. While usually not a good thing, in the face of crazy inflation it helps to lower consumption.

That is why this recession/shrink (it's called different names based on the party you belong to but it's the same thing) is showing great signs that, once the economy stabilizes, we are going to have a lot of years of enormous growth. Of course, that is all predicated on the powers that be not worsening things and getting in their own way.

#2 | Posted by humtake at 2022-09-22 12:56 PM | Reply

Dollar Milkshake Theory, except ether will ultimately kill the dollar.

No one should be surprised, but many will.

#3 | Posted by IndianaJones at 2022-09-22 01:34 PM | Reply

US Dollar at a 20 Year High While Russia Crumbles

Thank goodness! Now I can afford that Russian vacation I always wanted! /s

#4 | Posted by Whatsleft at 2022-09-22 02:04 PM | Reply

When this war is over Ukrainians are all going to go on a vacation to southern Russia to take a dump in Putin's former palace.

#5 | Posted by Tor at 2022-09-22 02:36 PM | Reply

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