[–] MR4D 3y ago ↗ Sri Lanka, now Ghana. The US Dollar is going to be a wreaking ball across a bunch of economies. [–] Dig1t 3y ago ↗ How does the US dollar cause this? Genuinely asking, I don’t know. [–] John23832 3y ago ↗ It’s the common denomination of international debt. To pay their debt, countries need to buy dollars… which are expensive right now. [–] credit_guy 3y ago ↗ On the other hand, their currency being weaker, their exports are more competitive. Hard to have it both ways ... [–] OmegaPG 3y ago ↗ Pakistan is next. [–] pestatije 3y ago ↗ Italy anyone? [–] MR4D 3y ago ↗ Probably not - as part of the Euro system, there is more demand for their currency relative to the dollar.
[–] Dig1t 3y ago ↗ How does the US dollar cause this? Genuinely asking, I don’t know. [–] John23832 3y ago ↗ It’s the common denomination of international debt. To pay their debt, countries need to buy dollars… which are expensive right now. [–] credit_guy 3y ago ↗ On the other hand, their currency being weaker, their exports are more competitive. Hard to have it both ways ...
[–] John23832 3y ago ↗ It’s the common denomination of international debt. To pay their debt, countries need to buy dollars… which are expensive right now. [–] credit_guy 3y ago ↗ On the other hand, their currency being weaker, their exports are more competitive. Hard to have it both ways ...
[–] credit_guy 3y ago ↗ On the other hand, their currency being weaker, their exports are more competitive. Hard to have it both ways ...
[–] OmegaPG 3y ago ↗ Pakistan is next. [–] pestatije 3y ago ↗ Italy anyone? [–] MR4D 3y ago ↗ Probably not - as part of the Euro system, there is more demand for their currency relative to the dollar.
[–] pestatije 3y ago ↗ Italy anyone? [–] MR4D 3y ago ↗ Probably not - as part of the Euro system, there is more demand for their currency relative to the dollar.
[–] MR4D 3y ago ↗ Probably not - as part of the Euro system, there is more demand for their currency relative to the dollar.
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