He’s billions richer. But he’s also caused what feels to me like the fastest devaluation of the dollar and rapid loss of purchasing power for Americans.
I had a thought the other day that I’m not nearly financially literate enough to know how true it is, but with all the talk about stocks going up, couldn’t that be an effect of the dollar going down?
That was my take as well. Anyone with large real estate or other investment portfolios is treading water while those who don’t are sinking without directly realizing why.
He’s billions richer. But he’s also caused what feels to me like the fastest devaluation of the dollar and rapid loss of purchasing power for Americans.
So we all lose and he makes a small fortune.
It’s only been 1 year too.
I had a thought the other day that I’m not nearly financially literate enough to know how true it is, but with all the talk about stocks going up, couldn’t that be an effect of the dollar going down?
That was my take as well. Anyone with large real estate or other investment portfolios is treading water while those who don’t are sinking without directly realizing why.