Markets surged after President Donald Trump said he would not fire Federal Reserve chair Jerome Powell and Treasury Secretary Scott Bessent called for tariff de-escalation.
  • ExtantHuman@lemm.ee
    27·
    3 days ago

    Oh cool, now we’re only down over 7% for the year… Which is basically the average for an entire year’s gains. And everything is still more expensive because prices were raised in anticipation of tariffs and those rarely go back down. Oh an all our former allies still hate us over this asinine stunt.

    • gravitas_deficiency@sh.itjust.worksEnglish
      8·
      3 days ago

      Are we not paying attention to the fact that the USD has slipped meaningfully compared to more than a few other major currencies? And that the trust we broke is going to take at best decades to reestablish, because it took like a literal fucking century to build? I really wouldn’t be surprised if the world shifts to €-standard in the coming years.