Good? The sooner we see consequences for this ridiculous behavior the better.
'This is sell America' – US dollar tumbles as globe flees US assets
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Re: 'This is sell America' – US dollar tumbles as globe flees US assets
#12We spent the 4-years under Biden capturing foreign investment via high interest rates. Now we are trapping them here via poor conversion rates. In a geopolitical, macro-economic sense we are "Elon Musking". Overpromise and under deliver. Take their money by selling them on a dream and then string them along with promises of future results. We have their money and they have "Fully Self Driving" lane-merge warnings.
Re: 'This is sell America' – US dollar tumbles as globe flees US assets
#13Can't wait to hear how this is Biden's fault in a semi-coherent rant from the WH...
Re: 'This is sell America' – US dollar tumbles as globe flees US assets
#14[flagged]
Re: 'This is sell America' – US dollar tumbles as globe flees US assets
#15It is really disturbing to see that most Republican legislators are still not speaking up openly against the Trump administration. That makes them complicit in everything that’s going on - the arrest of US citizens in unconstitutional raids, the illegal tariffs that are taxing all of us, the threats of invasions against other countries, the grift that is adding billions to the Trump family’s wealth, the push to denaturalize legal immigrants, the lack of action on climate change, the dangerous changes to vaccine schedules for children - all of that and more.
Almost all of these, would on their own, have been grounds for impeachment in the past. It shows how far this extremism has come. If Trump is not impeached, which will require a simple majority in the house and 2/3rds in the Senate, I fear he will continue his mental spiral and potentially do something far more deadly like using a nuke. And I am not being hyperbolic; I genuinely fear the next few escalations in his behavior could be far far worse.
Re: 'This is sell America' – US dollar tumbles as globe flees US assets
#16I'm no longer adding to my VOO holdings—I guess I'm all in on VXUS going forward.
What other hedges are there? Gold and silver I am guessing. Anything else to avoid dependency on the US stock market and exposure to the US Dollar? It feels like these assets have nowhere to go but down.
Re: 'This is sell America' – US dollar tumbles as globe flees US assets
#17[deleted]
Re: 'This is sell America' – US dollar tumbles as globe flees US assets
#18I'm no longer adding to my VOO holdings—I guess I'm all in on VXUS going forward.
If you live in America, are banking with an American bank, and hold your investments denominated in dollars I'm not sure that just shifting your investments to other global equities would really get you the outcome you want if your goal is to hedge against this specific risk. Besides if this really is the trade war to end all trade wars, the world losing one of the largest markets (the U.S.) is going to depress the entire global economy. I assume if you're even considering VXUS you're not close to retirement so wouldn't the better strategy be to just keep adding to VOO?
Re: 'This is sell America' – US dollar tumbles as globe flees US assets
#19Related:
De-dollarization: Is the US dollar losing its dominance?
Re: 'This is sell America' – US dollar tumbles as globe flees US assets
#20I'm no longer adding to my VOO holdings—I guess I'm all in on VXUS going forward.
If you live in America, are banking with an American bank, and hold your investments denominated in dollars I'm not sure that just shifting your investments to other global equities would really get you the outcome you want if your goal is to hedge against this specific risk. Besides if this really is the trade war to end all trade wars, the world losing one of the largest markets (the U.S.) is going to depress the e…
I believe that TD's US presence is still a subsidiary of the main Canadian corporation - and there are some banks that will explicitly offer offshore non-US currency accounts. That is a good point to raise though since most banks may offer holdings in overseas funds but if they're managed domestically they'd likely be subject to the same currency shocks and your account may still read well on paper but be effectively unreachable.