Originally posted at Capitalstool.
As an American living in Europe, and earning my keep in USD, I have an abiding personal interest, currently a terror, in the EUR/USD exchange rate.
I have suffered 13% inflation since I arrived in Europe 18 months ago, thanks to our glorious Fed policy of printing money out the ass until it bleeds. Make no mistake, this is their intent. A weaker dollar = inflation, devaluing the mountain of debt bearing down on us, and possibly stimulating more US exports of goods and services. Too bad we don’t make anything the world wants to buy outside of Teslas, iPhones, and subscriptions to Lee Adler’s Liquidity Trader. If you are European, Liquidity Trader is definitely a tremendous bargain at these prices.
So with that, here’s a look at my current level of pain and that of my fellow US expats getting paid in USD. This is USD/EUR. The current projection for the USD is around €0.80. A year ago, I was getting 0.93 EUR per USD. Ouch. And it looks likely to get worse.
