
Another drawback for the dollar is that the Fed's key rate is 3.4 percentage points less than the rate of inflation, the most since 1980, so investors lose money by investing in short- term U.S. fixed-income assets.Bloomberg.
It is profitable to take dollar denominated debts that will be paid back in inflated, cheaper dollars, as illustrated by the Zimbabwean national on the pic.
No comments:
Post a Comment