Euro drops to parity with dollar

Discussion in 'The Guru's Pub' started by Horus-Anhur, Jul 12, 2022.

  1. anticupidon

    anticupidon Ancient Guru

    Messages:
    6,971
    Likes Received:
    3,264
    GPU:
    Polaris/Vega/Navi
    I am biting my tongue pretty hard at this point. Learned a few things this summer about geopolitics and some made my skin crawl and my head spin.
    For the sake of everything G3D stands for, everyone's time and desire to have a nice chat, I will simply read and shut up.
    Although...
     
  2. Ryu5uzaku

    Ryu5uzaku Ancient Guru

    Messages:
    7,375
    Likes Received:
    472
    GPU:
    6800 XT
    I am not even remotely worried here in Finland currently
     
  3. pegasus1

    pegasus1 Ancient Guru

    Messages:
    2,215
    Likes Received:
    1,004
    GPU:
    ROG 6900XT@2.6Ghz
    While the GBP and Euro have dropped significantly, this is great news for exports from those countries. A fried of mine owns an engineering company that exports to the US, he will be rejoicing in the strong USD Vs the weak GBP.
    For those complaining about high interest rates, certainly in the UK, they are still incredibly low compared to those seen 1979 -1990 when we peaked at 17% with 10 -15% common during that time. Great for savers who have been shafted for the last decade.
    Its also a good time to invest in undervalued stock, certainly those with hefty dividend.
     
  4. Ghosty

    Ghosty Ancient Guru

    Messages:
    7,121
    Likes Received:
    685
    GPU:
    RTX 3050
    The UK is in a non-official recession at the moment, probably until 2023. Once we start doing things our own way, it should improve.
     
    pegasus1 likes this.

  5. pegasus1

    pegasus1 Ancient Guru

    Messages:
    2,215
    Likes Received:
    1,004
    GPU:
    ROG 6900XT@2.6Ghz
    Agreed but its a bit of a fake recession as we are on a role from Brexit, Covid and Ukraine. Also its a global issue with many other large economies also seeing the same problems. China is also teatering on the brink due to harsh Covid restrictions and a cool down in the global economy.
     
  6. Horus-Anhur

    Horus-Anhur Ancient Guru

    Messages:
    5,339
    Likes Received:
    6,415
    GPU:
    RX 6800 XT
    The whole world is in a recession.
    But some are in a worst place.
     
  7. Ghosty

    Ghosty Ancient Guru

    Messages:
    7,121
    Likes Received:
    685
    GPU:
    RTX 3050
    Sri Lanka springs to mind.
     
  8. Ghosty

    Ghosty Ancient Guru

    Messages:
    7,121
    Likes Received:
    685
    GPU:
    RTX 3050
    Countries have a responsibility to limit carbon and fossil fuels to protect the planet from warming any further.
     
  9. CalculuS

    CalculuS Ancient Guru

    Messages:
    3,217
    Likes Received:
    435
    GPU:
    GTX 1660Ti
    Coworker told me his energy bill (electricity + household gas) went from 150 euro to 780 euro per month.

    Meanwhile I pay 48 bucks because I refuse to put on the heater for any temps above 17c.
     
    pegasus1 likes this.
  10. Brasky

    Brasky Ancient Guru

    Messages:
    2,453
    Likes Received:
    439
    GPU:
    ASUS 1080 Strix
    This is why I wish there was a dislike button. No, they don't. We (most of us) live in the real world, pretending that we're all in it together is a lie. Every country has a responsibility to it's citizens and that's where it stops.
     
    Airbud and pegasus1 like this.

  11. pegasus1

    pegasus1 Ancient Guru

    Messages:
    2,215
    Likes Received:
    1,004
    GPU:
    ROG 6900XT@2.6Ghz
    I'm off to club a dolphin to death then cook it over a burning tractor tyre.
     
  12. Loobyluggs

    Loobyluggs Ancient Guru

    Messages:
    4,903
    Likes Received:
    1,446
    GPU:
    RTX 3060 12GB
    I got a fixed rate, and, plenty of emails from my power company asking for me to 'try our new tariffs'.

    No thanks...hahahaha.
     
  13. Loobyluggs

    Loobyluggs Ancient Guru

    Messages:
    4,903
    Likes Received:
    1,446
    GPU:
    RTX 3060 12GB
    oh, so the euro is .96 of a dollar?...I doubt that will be much more than .90 by the spring.

    Callin' it.
     
  14. BLEH!

    BLEH! Ancient Guru

    Messages:
    6,331
    Likes Received:
    343
    GPU:
    Sapphire Fury
    £ was at parity with $ and nearly with € this morning...
     
  15. CalculuS

    CalculuS Ancient Guru

    Messages:
    3,217
    Likes Received:
    435
    GPU:
    GTX 1660Ti
    Unironically sounds like a good time. Some quality beach time, then some quality BBQ time.
     

  16. jaggerwild

    jaggerwild Master Guru

    Messages:
    862
    Likes Received:
    318
    GPU:
    EVGA RTX 2070 SUP
    Many people will die this winter cause they cant afford to pay there bills, I saw Rustle Brand say that many will boycott the Heating bills soon in an act of solidarity(in the UK). The same will soon happen in the states.
     
  17. Horus-Anhur

    Horus-Anhur Ancient Guru

    Messages:
    5,339
    Likes Received:
    6,415
    GPU:
    RX 6800 XT
    How did humankind survive for thousands of years without gas and electricity. :rolleyes:
     
    pegasus1 and Airbud like this.
  18. AuerX

    AuerX Master Guru

    Messages:
    744
    Likes Received:
    465
    GPU:
    Arasaka
    Would you like to see a return of the average life span of those days?
     
    Airbud likes this.
  19. Horus-Anhur

    Horus-Anhur Ancient Guru

    Messages:
    5,339
    Likes Received:
    6,415
    GPU:
    RX 6800 XT
    Of course not. But let's not go full into hyperbole.
    The world is not going to end.
     
  20. Airbud

    Airbud Ancient Guru

    Messages:
    1,764
    Likes Received:
    2,802
    GPU:
    RTX 4090-48GB-900W
    True.
    True.

    Also True.
     

Share This Page