United States | News & Politics

3405 readers

1212 users here now

Welcome to !usa@midwest.social, where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

No memes.

Post news related to the United States.

founded 2 years ago

MODERATORS

simsymbiote@midwest.social

Type1@midwest.social

exposingfash@midwest.social

163

The dollar is down over 10% in 2025, heading for its worst year since 1973 (www.mitrade.com)

submitted 1 week ago by cm0002@sh.itjust.works to c/usa@midwest.social

30 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] omgboom@lemmy.dbzer0.com 17 points 1 week ago* (last edited 1 week ago)

ETF's that track any of the major indexes are mostly flat when you take the devaluation of the dollar into account. SPY is probably up marginally but just barely. But money sitting in a bank account has lost value in that time frame. A better idea would probably be to invest in stocks and ETF's denominated in Euros or another currency.

Edit: Also as a result on the devaluation of the dollar, gold is way way up this year