The dollar is getting stronger ??? - page 3
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Look at how much everything has gone up in Europe in 10 years, and then look at the official inflation rate.
Are we any better off?
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"Crisis - the price of petrol has gone down in Europe, also in the Russian Federation, what is our petrol being spiked with ?" (c. joke) ))))
Are we better off?
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"The crisis - the price of petrol has gone down in Europe, the same in Russia, so what is our petrol?" (c. anecdote) ))))
Out of the box... For we were speaking about America and Europe.
2008г
In Bulgaria, for example, food prices rose by 25.4% in the 12 months to April 1, 2008. In Latvia, food prices rose 21.7 percent and in Estonia 18.3 percent, said Meng, quoted by the Associated Press agency.
Portugal (3.2%), the Netherlands (5.4%) and France (5.5%) had the lowest rate of increase in food prices, according to the European Commission.
On average across the EU, food prices rose by 7.1% over the year, while inflation stood at 3.6% over the period.
Dairy products (14.9%), cooking oil (13.2%) and bread (10.7%) rose the fastest in the EU.
A representative of the European Commission explained that the increase in food prices in Europe was due in part to poor harvests and the growing demand for food from developing countries. The conversion of agricultural land to feedstock for biofuels had "little" effect on the price increase, Meng said.
2009г
In the European Union, the highest food inflation was in Finland (11.3%), while in Latvia, Lithuania and Malta food prices went up by more than 10%. Food prices in Germany and Spain rose by just 2% over the year, while in the Czech Republic food deflation was recorded.
2005г
Petrol price EU-1.5 USD
2009 - 0.5 USD
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Only it is necessary to understand that the calculation of inflation does not include only the price of food )))) and so there will always be lower inflation than real growth)))
Just another stupid peeple who will grab any bullshit ....
Look at how much everything has gone up in Europe in 10 years and then look at the official inflation rate.
What's that got to do with "10 years"? You should also count how much everything has become more expensive in Europe in 100 years. Especially iPhones have risen steeply.
We are talking about today, about the crisis, about its active phase, i.e. the last year. Here is a link to the Swedish central bank - deposit rate -0.25%
The official inflation rate takes many parameters into account. If your favourite yoghurt has doubled in price, it doesn't mean that inflation in the country is 100%.
But you have to understand that the calculation of inflation does not only include food prices )))) so there will always be lower inflation than real growth ))))
You also need to know that food expenses are a very small percentage of expenses of the average European/American. If bread has doubled in price, a European won't even notice it, but a decrease in interest rates, which has automatically resulted in lower payments on home/car loans, is a significant increase in the consumer's wallet. I.e. on average people have become richer (those who haven't lost their jobs). Prices of cars, audio, video, home appliances have fallen significantly everywhere.
After the crisis, pumping money into the economy will bite them all with high inflation, but right now there is deflation. High is 3-5%. We're not talking about hyperinflation.
This will work until the first serious conflict of interest. If the quid collapses, China, Japan and the EU will lose a lot, but not everything. The Americans are now in check, but no one (yet) wants to checkmate the current game, and the rules of the new game have not been defined.
What check, what checkmate? Why this apocalyptic scaremongering? Where will the dollar fall? From the cupboard to the floor?
If the dollar falls substantially against other currencies, it will hit China first and foremost. For the US it would be a boon. Their debts are denominated in dollars, i.e. their debts will immediately decrease. Industry will immediately become competitive on the world market. Production from China will flow to the U.S. The U.S. is one of the few countries that can survive without imports because they own everything.
For years, the U.S. government has been pushing China to let go of the yuan, which would automatically bring down the dollar, but China is standing firm to defend the low exchange rate of its national currency. That is, China is primarily interested in maintaining the status quo. Secondly, all the other leading countries are interested in it. Therefore there will be no cataclysms.
What check, what checkmate? Why the apocalyptic scaremongering? Where will the dollar fall? From the cupboard to the floor?
If the dollar falls significantly against other currencies - it will hit China first and foremost. For the US it would be a boon. Their debts are denominated in dollars, i.e. their debts will immediately decrease. Industry will immediately become competitive on the world market. Production from China will flow to the US. The U.S. is one of the few countries that can survive without imports because they own everything.
For years, the U.S. government has been pushing China to let go of the yuan, which would automatically bring down the dollar, but China is standing firm to defend the low exchange rate of its national currency. That is, China is primarily interested in maintaining the status quo. Secondly, all the other leading countries are interested in it. Therefore, there will be no cataclysms.
I hope ... Time will tell, but I think you will not argue that the Amerks (even if not intentional :), crossed the line.
Overkill !
Hopefully... Time will tell, but I don't think you will argue that the americans (even if not intentionally), crossed the line.
Over the line!
What are the criteria for going over the line? For someone 100 dollars is an unaffordable amount for a deposit, for someone 10 grand is just a demo, just to get acquainted with the terminal. It makes sense to compare it with the salary of an individual.
Try comparing the debt of the USA to its GDP and you will see that it is still a long way off. The USA has been in and out of worse situations before.
Like here, or here.
The US has been in and out of far worse situations.
The only worse situation was probably the Great Depression. And there are fewer and fewer fools in the world, at the expense of which the states used to get out of trouble every year... Of course the dollar is not going to fall, but it may hit historic lows in the foreseeable future, and the saddest part for the creditors is that it is really partly in their, the states', interests.
I guess the only thing worse than the Great Depression was the Great Depression. And there are fewer and fewer fools in the world, at the expense of which the states used to get out of trouble every year... Of course the dollar is not going anywhere, but it may hit historic lows in the foreseeable future, and the saddest part for the creditors is that it is really partly in their, the states', best interests.
Can we somehow do without these "fools in the world, at the expense of which the states used to get out of trouble" cliches, but on the facts.
For example, it is a fact that the world is full of people willing to lend to the United States. There are so many that the US can afford to pay them ridiculous amounts of money, a mere 3.3% interest for 10 years. If there were less willing to lend, the USA would have to raise bond yields, and that time will come, but there is no need to do it now.