January 19, 2017

Trump and the Strong Dollar: A One-Day Follow-Up

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Yesterday the Wall Street Journal blared the news that Donald Trump’s comments on the dollar being too strong had sent the dollar “reeling.” I suggested we might want to wait a few days before buying into this, but it turns out I was wrong. We only had to wait one day:

This follows the usual formula: (a) Trump says something, (b) a related financial index reacts instantly, and (c) by the next day everything is back to normal. I gather that there are folks on Wall Street who are writing algorithms to make money off this dynamic, but it’s unclear how long that can last. I mean, how many times can this happen before everyone realizes that Trump’s blather doesn’t really mean anything?

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WE'LL BE BLUNT

We need to start raising significantly more in donations from our online community of readers, especially from those who read Mother Jones regularly but have never decided to pitch in because you figured others always will. We also need long-time and new donors, everyone, to keep showing up for us.

In "It's Not a Crisis. This Is the New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, how brutal it is to sustain quality journalism right now, what makes Mother Jones different than most of the news out there, and why support from readers is the only thing that keeps us going. Despite the challenges, we're optimistic we can increase the share of online readers who decide to donate—starting with hitting an ambitious $300,000 goal in just three weeks to make sure we can finish our fiscal year break-even in the coming months.

Please learn more about how Mother Jones works and our 47-year history of doing nonprofit journalism that you don't elsewhere—and help us do it with a donation if you can. We've already cut expenses and hitting our online goal is critical right now.

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