Comment Re:significant decline (Score 1) 140
You've obviously got nothing.
You've obviously got nothing.
Not interested in idle speculation. The EU didn't intentionally depress the Euro.
Nothing in that article says anything about Germany being bodyslammed by Russia.
High interest rates don't make your currency safer to hold.
"wouldn't have been unreasonable to speculate", hilarious!
I have zero interest in discussing your nuclear energy fantasies with you.
Nobody had said anything about electricity generation.
Biden doesn't have a knob to turn that controls inflation I agree. Germany and France have inflation less than the US. The EU as a whole is shown as 9.8%, the US is 8.5%.
I'm looking at the currency values, not the 'fine article'. The downward trend line for the Euro has been about the same since May 2021.
And as usual you are blabbering about nuclear power plants, which would do nothing helpful whatsoever for the next 10 or 15 years.
Quite a few currencies have declined versus the dollar in a manner similar to the Euro. The pound, the Australian dollar, even the Yuan Renmimbi. South American currencies have become relatively worthless.
My cite shows how brainlessly wrong you are, anonymous coward.
The Euro was worth $1.22 in May of 2021 and only $1.12 in January of this year, well before the conflict started. The methane problem doesn't explain that decline.
Trump is a clueless blowhard, and what he said back then was total garbage.
“Germany is totally controlled by Russia,” he said. “They will be getting between 60 and 70 percent of their energy from Russia and a new pipeline.”
'But those numbers aren’t correct. Russian gas will only provide a sliver of the overall energy Germany needs. Germany’s energy comes from a diverse mix of oil, coal and renewables. Less than one fifth of the country’s power is powered by natural gas; at the moment, just 9 percent of the country’s power is generated by Russian gas.'
That doesn't explain the past 10 years. Also if you look at most of the other currencies there is the same general trend.
~8 years ago the Euro was worth about USD $1.40. 2 years ago it was $1.20, now less than $1.
https://www.xe.com/currencycha...
It is truly amazing that the US can have a trade deficit with just about everyone and still have a much stronger currency.
The cost of feathers has risen, even down is up!