silence7@slrpnk.net to politics @lemmy.worldEnglish · 9 months agoTariff Gambit Bets Americans Will Swallow Higher Prices: Treasury Secretary Scott Bessent argues that the American dream is about more than cheap televisions, but inflation-weary consumers may disageewww.nytimes.comexternal-linkmessage-square10linkfedilinkarrow-up157arrow-down11cross-posted to: nyt_gift_articles@sopuli.xyz
arrow-up156arrow-down1external-linkTariff Gambit Bets Americans Will Swallow Higher Prices: Treasury Secretary Scott Bessent argues that the American dream is about more than cheap televisions, but inflation-weary consumers may disageewww.nytimes.comsilence7@slrpnk.net to politics @lemmy.worldEnglish · 9 months agomessage-square10linkfedilinkcross-posted to: nyt_gift_articles@sopuli.xyz
minus-squarecabron_offsets@lemmy.worldlinkfedilinkarrow-up1arrow-down1·9 months agoPoint is that you and I are both making assumptions. I assume no safe harbor. You assume ex-US is going to fare better. You fail to see that you may be wrong. Historically, you’re wrong.
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up1arrow-down1·9 months agoI’m not claiming it’s a safe harbor, just that it’s observably tanking less quickly than the US due to the obvious buffer. If you were truly assuming “no safe harbor,” would you be holding devaluing currency?
Point is that you and I are both making assumptions. I assume no safe harbor. You assume ex-US is going to fare better. You fail to see that you may be wrong. Historically, you’re wrong.
I’m not claiming it’s a safe harbor, just that it’s observably tanking less quickly than the US due to the obvious buffer.
If you were truly assuming “no safe harbor,” would you be holding devaluing currency?