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But we saved everything 🙂.
Andrew Lokenauth highlights the long-term decline in the purchasing power of the U.S. dollar. According to Lokenauth, $100 in 1913 would have the equivalent purchasing power of just $2.99 by 2026.
He provides a decade-by-decade breakdown illustrating how the dollar’s value has eroded since the creation of the Federal Reserve.
Lokenauth has covered a range of recent market developments in addition to his commentary on the dollar's decline. In July, he reported that major firms such as UPS, Oracle, and Amazon announced layoffs totaling tens of thousands. Previously, he detailed how Trump-linked accounts purchased $12.8 million in stocks ahead of a 9.5% S&P 500 rally.