This thread is posted weekly - please try to post all relevant US political content in here, such as news, updates, opinion articles, etc. Extremely significant events may warrant a separate topic, but almost all should be posted in here.

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Hello! I do a fair bit of my reading via Libby (I have memberships at the NYPL and Brooklyn Public Library) but I like to pick up some physical copies as well. I've spent some time in a couple of NYC bookstores but I'm curious about online portals folks here use to buy books. I've switched to bookshop.org for new books but what's the go to for used books?

Thanks!

This thread is posted weekly - please try to post all relevant US political content in here, such as news, updates, opinion articles, etc. Extremely significant events may warrant a separate topic, but almost all should be posted in here.

This is an inherently political thread; please try to avoid antagonistic arguments and bickering matches. Comment threads that devolve into unproductive arguments may be removed so that the overall topic is able to continue.

I didn't find any great links so made this a self post. Here are some just from Google but they mainly just say what's on the tin:

https://www.bloomberg.com/news/articles/2022-07-11/euro-plunges-to-fresh-two-decade-low-as-dollar-runs-rampant

https://www.cnn.com/2022/07/11/investing/euro-dollar-parity/index.html

https://www.reuters.com/markets/us/safe-haven-dollar-stands-tall-inflation-energy-jitters-2022-07-11/

As of 5:00 pm Eastern on July 11th 2022, if you check the exchange rate, the dollar is now 1:1 with the Euro.

In terms of effects, it seems complicated. Europe has a decently export heavy economy, unlike the US (for which only 10% of its GDP comes from manufacturing), so a weak Euro will help that.

However, it will make all imports more expensive. This is another supply shock, as most of continental Europe already faces heavy issues with regards to energy given the sanctions on Russia, one of the primary energy providers.

So it will certainly make domestic inflation worse (note: domestic inflation and the value of the currency on FX are different things - although they can mutually affect each other). If nothing else, the LNG Europe is buying from the US will be more expensive. The ECB has struggled to raise interest rates to fight inflation given Spain and Italy's high debt levels, and this won't help.

Winter could potentially be very, very bad.

For the US, a strong dollar is probably fine. The US is not a heavy export country, and the dollar surge helps cement reserve currency status from which the US gets a number of benefits. A slowdown in exports will also help tamper inflation.

The pound for the most part has tracked with the Euro, brexit or not.

This thread is posted weekly - please try to post all relevant US political content in here, such as news, updates, opinion articles, etc. Extremely significant events may warrant a separate topic, but almost all should be posted in here.

This is an inherently political thread; please try to avoid antagonistic arguments and bickering matches. Comment threads that devolve into unproductive arguments may be removed so that the overall topic is able to continue.

Hi tildos. I am curious on your thoughts on the stability of the US in the short-medium term. What I'm worried about is the combo of a majority of Republicans having beliefs divorced from reality due to a sophisticated propaganda network, increasing "othering"/hatred of non-repubs, fascism becoming more popular among young people and the brazen mask-off takeover of the govt.

From my understanding these sorts of things (civil war, country breaking up) tend to happen very slowly, then all at once. I am very worried we are approaching the "all at once" stage. Is this reasonable? Is a civil war likely? Balkanization of the US? Something else?

What could be done to prepare? I have European-immigrant parents, so would getting citizenship in their country be prudent? Learning other languages? (I know english, mediocre grasp of birth-language, poor/middling spanish). Buying a rifle?

I am starting to regret choosing to attend a university in Texas haha with these prospects.