this post was submitted on 30 Dec 2025
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[–] Randomgal@lemmy.ca 3 points 1 hour ago

This is already being written down in the history books because of how devastating it is at home and abroad. You can look up Trump-Futanari inflation if you don't believe me.

[–] kmartburrito@lemmy.world 13 points 2 hours ago
[–] mrgoosmoos@lemmy.ca 2 points 1 hour ago

ah yes, dollar, my favourite currency

[–] D_C@sh.itjust.works 24 points 5 hours ago (1 children)

I think you'll find it's a big beautiful drop. A tremendous drop. Everyone is saying it's the best drop ever!

[–] elvith@feddit.org 5 points 4 hours ago

Big beautiful drop!

[–] YetAnotherNerd@sopuli.xyz 20 points 5 hours ago (2 children)

The was on the Project 2025 roadmap. Cheaper to export things when the dollar is cheaper.

[–] radiofreebc@lemmy.world 9 points 3 hours ago (1 children)

And inflates away the massive US debt.

[–] explodicle@sh.itjust.works 1 points 1 hour ago

And increases the pressure for plebs to invest

[–] Formfiller@lemmy.world 15 points 5 hours ago (1 children)

The heritage foundation is an enemy of the American people

[–] massacre@lemmy.world 3 points 14 minutes ago

Let's not limit it to the US

[–] Buffalox@lemmy.world 11 points 5 hours ago

The euro has had the biggest gain of the major currencies against the faltering dollar, surging nearly 14 per cent to above $1.17

That's for 2025.

Wall Street banks expect the euro to strengthen to $1.20 by the end of 2026

So 3 cent decline for the dollar for 2026, that is pretty stable if that holds.
The headline must refer to what has already happened, but then why is it "on track" instead of it being already a fact?
Or does the author not believe the Wall Street banks?

Anywho I don't believe the dollar will only decline 3 cents against the Euro in 2026.
The American economy would clearly be in declining growth already, if it wasn't for the AI bubble. I suspect this to become clearer when job numbers for January and February 2026 are released.
The completely irresponsible federal budget for 2026 probably won't help either, and the Trump administration is almost guaranteed to make things worse as they continue their crazy policies, with or without Trump, I don't think that really matters much. The rest of the administration is as crazy as Trump is.

[–] the_q@lemmy.zip 41 points 7 hours ago (5 children)

Y'all remember dollar menus at fast food places?

[–] radiofreebc@lemmy.world 3 points 3 hours ago (1 children)
[–] Ghostalmedia@lemmy.world 2 points 2 hours ago

Excuse me… “five dollar footlongs”

[–] Ghostalmedia@lemmy.world 1 points 2 hours ago

Y’all remember when you could get a shave and a haircut for 2 bits?

[–] ComradeRachel@lemmy.blahaj.zone 9 points 5 hours ago (1 children)

It really pisses me off how expensive Taco Bell has become when they have always served low quality cheap food.

[–] the_q@lemmy.zip 3 points 5 hours ago

True, but it's still the cheapest fast food place.

[–] MintyFresh@lemmy.world 27 points 6 hours ago* (last edited 6 hours ago)

I remember a sack of potatoes costing 1.50. I remember rent costing 450. I remember chicken being less than 1 dollar per lb. I can even remember when healthcare and higher education was a reasonable price. But hey! At least the rich are getting richer

[–] desmosthenes@lemmy.world 13 points 7 hours ago (2 children)
[–] boonhet@sopuli.xyz 12 points 5 hours ago

Which is what got us into the whole climate mess. Pollution being too cheap

[–] deranger@sh.itjust.works 7 points 6 hours ago* (last edited 3 hours ago) (2 children)

I was able to get gas for near $1 after the 2008 financial collapse at a Rutter’s somewhere in eastern PA. It was amazing.

[–] mPony@lemmy.world 9 points 5 hours ago (1 children)

yeah but the real price you paid was being in Pennsylfuckingvania

[–] deranger@sh.itjust.works 1 points 4 hours ago

What the fuck is up with the beer laws there? I had to stop overnight due to car troubles and I had to walk for like 2 miles to find a gas station to get a six pack. I saw a walk in soda cooler at Sheetz.

[–] desmosthenes@lemmy.world 2 points 6 hours ago

woah - lucky

[–] Raiderkev@lemmy.world 10 points 6 hours ago (1 children)
[–] meco03211@lemmy.world 5 points 6 hours ago (1 children)

No. You must suffer a little more for us to be great.

I'm tired of winning boss

[–] Lemmyoutofhere@lemmy.ca 16 points 7 hours ago* (last edited 7 hours ago) (2 children)

Interest rates dropping, prepare for inflation, and prices, to surge.

[–] infinitesunrise@slrpnk.net 1 points 2 hours ago* (last edited 2 hours ago) (1 children)

PSA for those needing the reminder: Anyone with any savings should be keeping it in a brokerage account (eg Fidelity, eTrade, Vanguard, etc). Savings accounts at banks don't pay you anywhere near enough interest to keep up with inflation. But with a brokerage you can put that money into a managed fund, which is in turn investing it into the parts of the economy where all the value is going, returning that value to you at like 5%-20% per year. It doesn't need to be a 401K account connected to your workplace, it can just be a standalone account with regular tax. Even after the gains tax it's like an order more growth than a savings account and usually outpaces real inflation. Even if the fund's holdings include things you don't find 100% ethical, it's likely what a bank is investing your savings account money in anyway - Just without sharing the profits with you.

[–] NewNewAugustEast@lemmy.zip 2 points 2 hours ago

What a fun game. The only way to earn interest is to fund capitalistic ventures that got us here in the first place.

[–] Bbbbbbbbbbb@lemmy.world 2 points 5 hours ago (1 children)

Ill gladly refinance my mortgage, but at what cost?

[–] Yankee_Self_Loader@lemmy.world 8 points 4 hours ago* (last edited 4 hours ago)

what cost?

Closing?

[–] tal@lemmy.today 14 points 7 hours ago (2 children)

That should be interesting politically, given that Pew polling showed that the top concern for Trump voters in 2024 was "the economy" and within that category, the top concern was "prices".

[–] floofloof@lemmy.ca 16 points 6 hours ago* (last edited 6 hours ago)

The big question is whether they really mean that, and then whether they really notice what's happening. They may just assume the old false myth that the Republicans are better at managing the economy and double down on their support. Or they may just not want to admit that they don't care about the economy so long as the government is hurting LGBTQ+ and brown people.

[–] NaibofTabr@infosec.pub 9 points 6 hours ago (1 children)

Don't worry, nothing will change, it will still be Obama's fault somehow.

[–] thesohoriots@lemmy.world 5 points 5 hours ago

Did you see that audacious tan suit bruh

[–] myfunnyaccountname@lemmy.zip 4 points 6 hours ago

Must be all that winning b