"unexpectedly"?
this post was submitted on 14 Aug 2025
113 points (98.3% liked)
News
31616 readers
2397 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
"Unexpectedly". In what universe was this "unexpected"?
The price rises are happening sooner than expected. It normally takes some time for them to work through the supply chain. Clearly, there's some pre-emptive price-gouging going on, because everybody knows the Trump administration won't do anything about it.
-
Tariffs will force outsourced manufacturers to bring back industry to the US, because they will raise the cost of imports
-
Tariffs will not raise the price of primarily imported domestic consumers goods
You cannot truly understand Trumpism until you can hold these two ideas in your brain simultaneously, without experiencing dissonance.
Excluding volatile food and energy prices, so-called core producer prices rose 0.9% from June, biggest month-over-month jump since March 2022. Compared with a year ago, core wholesale prices rose 3.7% after posting a 2.6% year-over-year jump in June.
Globally speaking, this isn't horrible. It's not good, but plenty of countries that don't enjoy a global reserve currency have experienced far worse.
However, we've also seen the USD slide a full 15-pts relative to the Euro since January.
That size shift in the Forex Market suggests a significant drift away from the Dollar as a reserve currency. Combined with our total disregard for accrued debts and the repeated whispers among conservative congressmen about balancing the budget through a debt default, we're playing an incredibly dangerous game.
It's a bit down from middle of last year. In mid-2004, was there speculation that the dollar was being abandoned as a reserve currency? If not, why now?
There's always speculation. And there was some pre-COVID movement away from the dollar. But the COVID crash, combined with a European return to austerity economics, forced banks back onto the dollar again.
Now Trump's tariffs and other agoraphobic trade policies are forcing foreign investment and foreign labor back out of the US again. That's isolating the US economy and devaluing the dollar as an international reserve.
This is all on the margins. Hardly set in stone. But the trend lines are visible in the forex markets and the shifting supply chains.
Thats nice, but what about the epstein files