• It’s insane this bank received a TON of support a few weeks back, yet this is their current standing. Anyone still thinking the dollar is stable is going to have a rude awakening in the coming years.

    • ☆ Yσɠƚԋσʂ ☆OPM
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      011 months ago

      Yeah, I get the impression that US economy is in a far worse shape then people let on. One of the trends I’ve been watching is the rise in cost of living and personal debt. Last I looked, average American has around 100k debt, and over half the population is living paycheck to paycheck. The obvious extrapolation here is that a typical person cannot absorb further rise in the cost of living for much longer.

      Meanwhile, the inflation is expected to continue rising despite fed attempts to bring it down by raising rates. Once the cost of living outpaces people’s incomes then people will start defaulting on their debts. This in turns will cause more bank failures since the debt they own will become worthless. At that point we’ll be looking at a similar scenario to 2008. Except this time it’s not possible to just print more money to do a bailout due to inflation already being sky high. It’ll be interesting to see what the plan here is, assuming there is one even.

      • Another reason the insane money printing done by the Fed was possible was the Petrodollar. Now that its being dropped like its hot, inflation most likely will have a little more umph to it and printing dollars will never be as easy to do, possibly ever.

        • ☆ Yσɠƚԋσʂ ☆OPM
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          111 months ago

          Oh yeah completely agree, no countries outside the west want to hold dollars anymore. This directly shrinks the size of the US financial system.

  • Privacy Pirate
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    110 months ago

    @yogthos there are double and triple leveraged ETFs that short the dollar. So if the dollar drops 5%, TQQQ would go up 15%. Just food for thought lol

    • Apathy Tree
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      29 months ago

      There’s some sorting issues that come up now and then, so sometimes you’ll see a bunch of really old posts (2 mths to 2 years in my experience so far).

      • @CandleTiger@programming.dev
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        19 months ago

        Oh, is the post itself old? I didn’t notice that. My feed today is full of posts by you with old news articles. It hadn’t occurred to me that the feed itself would be showing me old posts.