Scenario: US dollar loses reserve status, foreigners reduce treasury purchases, starts selling treasuries, and the fed starts really printing hard.
In this scenario, what consumer goods are going to get really super expensive, and which are just going to rise a bit? How about secondary consumer goods like all the construction/mfg goods used to repair houses, cars, medical stuff?
If Petrodollars loses reserve status, what consumer goods are going to get much more expensive vs a little bit?
byu/Confused_by_La_Vida inAskEconomics
Posted by Confused_by_La_Vida