Quote Originally Posted by wiggin View Post
I think you exaggerate how much people are worried the dollar is a 'sinking ship'. Inflation expectations are rock-solid, and while it's likely the trade-weighted value of the dollar is likely to drop quite a bit, that's because of a long-overdue rebalancing in global trade flows and not some runaway devaluing of the currency.
Same effect, really. Prices go up, except wages, of course...