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At this point, EUR/USD parity is way less perceivable and concerning in our daily lives than the gas/energy that is coming full speed towards us (seen from Fran
by Juliate 4y ago
At this point, EUR/USD parity is way less perceivable and concerning in our daily lives than the gas/energy that is coming full speed towards us (seen from France), which is driving a lot of first and second order prices (heating, transportation in general, food, construction).
- lazide 4y agoWith a lot of fuel and energy trades denominated in the dollar, and all fuel and energy trades in competition with one of the largest economies which happens to be dollar denominated, these are not separate issues. The ‘stronger’ (relatively) the dollar, the more expensive energy will be in every other currency.
- Juliate 4y agoYes, but the USD is not the driving factor. It's a coefficient, for sure. I mean, yes, it's very concerning. But what's even more concerning is the perspective of the consequences on the next few years. We'll perhaps get a difficult winter and social/political troubles because of that, yes. But on the balance is: the current Russia powers overcoming this and succeeding to establish something completely different in Europe through war. Plus the incertitude as to USA's support, provided that we now know they may as well elect something as disastrous as Trump in 2 years time.
- lazide 4y agoWell, it isn’t THAT different. Ukraine was part of the USSR after all, and it wasn’t that long ago that most of Eastern Europe was too - because of war. That Stalin wasn’t the most aggressive aggressor that started it THAT time being cold comfort for everyone under the Russian thumb. Europe has a long history of wars of conquest, extermination, religious intolerance, etc. We did recently have a nice sunny spell though.