[BowBun]

Just last week, I was accused on HN of "not knowing what I'm talking about" when sharing data showing, and my interpretation of, a declining US dollar globally.

It is so obvious in the context of globalization: countries seeking power will chip away at fiscal dominance of others with a thousand cuts. Why wouldn't they? Especially after years of getting bullied.

So many people are so dependent on this reality that I think it's going to happen long before any Americans accept it has happened.

[therobots927]

Similarly I was downvoted for pointing out that the developed markets index returns (30%) doubled US market returns (15%) over the last year. Simultaneously the value of the dollar has dropped 10%. I simply stated that we’re seeing capital flight from the US. Ray Dalio said the same thing this morning.

[maerF0x0]

And if you look at pricing as a proxy for capital flows, SMMD which is Russell 3000 minus S&P500 has had a heck of a run in 3 months. IMO People are retreating the mag7

[RealityVoid]

Yes, people are in denial about these things. I'm still salty for the time I posted I believe the covid money printing will lead to inflation and I was down-voted for it.

[shevy-java]

HN may not have the best experts - people are kind of quick to downvote. Almost in a reddit-like fashion.

[SV_BubbleTime]

Oh, that’s not entirely fair. I feel like the self appointed experts almost have more pretentiousness than Reddit.

[therobots927]

Plenty of Elon musk types / admirers who think that because they’re good with computers they know everything about everything.