I'm not sure how seriously one ought to take the Vivek candidacy. But taken seriously, it's so strange.
The US has the fastest growth *and* lowest inflation of any G7 nation. China's a basketcase, and Europe is ... Europe. The unstable dollar? What are we even talking about?
Credibility of the US Federal Reserve is a joke, debt levels precarious, and faith in the dollar is receding globally. But it's “strange” that a Presidential candidate is talking about this.
@CabinetAllisonDemocrat9mos9MO
What are you talking about? The global market for US dollars is the largest, deepest and most liquid market in the world. The demand for US dollars is greater than any item on the planet. In fact, the USD appreciated so much in 2022 that it was **** ing up entire nations economies
This is 2023. The debt ceiling crisis, sovereign ratings downgrade, fallout from the Ukraine crisis, rising economic and geo-political tensions with China, are all real. I'm not saying that doomsday prophecies are credible, but discussing issues as part of an alternative economic agenda is valid. Derek's tweet that everybody else except the USA is in trouble, is empty chest-thumping.
@CabinetAllisonDemocrat9mos9MO
None of those are indicators that the dollar is weak. Vivek isn't worth taking seriously as a candidate because of nonsense like this. I understand this is a pet issue for his supporters, but it's so far divorced from reality.
You’re indexing to the status quo. He’s indexing against the ideal. It’s not uncommon for idealists to seem unreasonable. That’s kinda the point.
@RedWhiteBlueJoeSocialist9mos9MO
Does he address the Federal Wage Anchor? Because, there are two growth/inflation curves in the US. One for people whose jobs are mostly in a free wage market. (~top 3 quintiles). And one for those of us whose wages have been anchored by federal price signals for the last 50 years.