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Drudge Retort: The Other Side of the News
Thursday, January 09, 2025

"$100 in 1980 is equivalent in purchasing power to about $382.88 today, an increase of $282.88 over 45 years. The dollar had an average inflation rate of 3.03% ... Inflation Calculator Federal Reserve Bank of Minneapolis

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wHAT Has every Republican

es on the rich which, in eggevt, reduced the value of ebery woring person's pau check. Yhe bills that the Federal Goverbn

president since Reagan done to increase inflation? They all cut taxes for the rich but didn't reduce spending brcause politically it wasn't popular to starve the elderly or end highrt education possibilities foe middle class students but now they want to end thw Depy. of Education which will prevent millions of young people fLE rfom pursuing higher education which is a terriBle idea for America's future.

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OK, back in March 1980, DXY was valued at 93.whatever.

Now is is valued at 109.whatever.

So, without more details, I do not understand the comment posted.


www.tradingview.com

(You have to select All-time} criterion on that chart.)


#1 | Posted by LampLighter at 2025-01-09 01:53 AM | Reply

Bitcoin could do same any minute now....

#2 | Posted by Corky at 2025-01-09 10:31 AM | Reply

On the other hand, looking back, the $35 I just spent on 28% THC flower would have cost $6 in 1977, for 2% THC content.

Some good things come to those who wait.

#3 | Posted by Dbt2 at 2025-01-09 06:11 PM | Reply

Only 74%

I would have thought more.

OK, I'm looking at it from the 1970's. My bad.

All that aside.

The dollar is strong in the current monetary marketplaces.

But for starters, let's define our terms ...

Strong Dollar: Advantages and Disadvantages (November 2024)
www.investopedia.com

... A strong U.S. dollar has several advantages and disadvantages. It may benefit some, but can negatively impacts many others.

The dollar is considered strong when it rises in value against other currencies in the foreign exchange market. A strengthening U.S. dollar means it can buy more foreign currency than before. For example, a strong dollar benefits Americans traveling overseas because $1 buys more; however, this would disadvantage foreign tourists visiting the U.S. because their currency would buy less.

If you're looking for a way to gauge the dollar's strength, one of the best ways is to watch the Invesco DB U.S. Dollar Index Bullish Fund (UUP). This exchange-traded fund tracks an index that represents the value of a dollar compared to its exchange rate versus a basket of important foreign currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc.1 ...



#4 | Posted by LampLighter at 2025-01-10 09:20 PM | Reply

OK, a real example ...

Back circa 2005 when I traveled to The Netherlands on business, my expense report allowed me $35 a day for food expenses.

At the time, the Euro was worth $1.60 or so.

So, needless to say, to stay within the $35 per day allowance, I had to be creative.

The Rotterdam hotel I stayed in offered a free breakfast. So that was good. On a different level as well. It was more of a picnic table type of breakfast, i.e., lots of people around the same table, people you did not know. But as a result, I had most interesting conversations with people from other Countries as we enjoyed breakfast.

For lunch, I went to the local supermarket to buy a sandwich. The cashiers there were great, accommodating my English, and even joking with me at times.

For dinner, I hoped I would be taken out for dinner by the company I was visiting. And I was. We went out into this, I'll call, farmland area nearly an hour out of Rotterdam to eat at this little local restaurant. Where, surprisingly, the waitress was from Ohio. Food was great.

OK, I digressed, majorly

My point is that, yeah, the US dollar is worth less than it was decades ago, but how is the dollar's current worth compared to other world currencies now?


If you are looking at imports and exports, and bringing jobs back into the US, that is what should be looked at.

imo, of course.

(and, fwiw, the Euro is now worth around $1.03 ...)


#5 | Posted by LampLighter at 2025-01-10 09:36 PM | Reply

Thanks Trump!

#6 | Posted by a_monson at 2025-01-11 03:27 AM | Reply

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