72
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 09 Aug 2024
72 points (100.0% liked)
Chapotraphouse
14305 readers
853 users here now
Banned? DM Wmill to appeal.
No anti-nautilism posts. See: Eco-fascism Primer
Slop posts go in c/slop. Don't post low-hanging fruit here.
founded 5 years ago
MODERATORS
Its only a decline in Dollar terms, not purchasing power tbf.
if he were in Pakistan or some global South country, a 40% depreciation would (likely) mean a 40% reduction (maybe more) in purchasing power but its not 1:1 with Japan (and China, Russia, most Western countries).
spoiler
What is CPI?
Edit: Consumer Price Index
Maybe he had investments that were affected by it.