super dollar!

[bassmasta]

i just heard that yesterday, for about an hour, the canadian dollar was worth 1.000003 US dollars! WHOOOOOOOTTTTTT!!!!

[cdawall]

lol the brit pound is worth 2.0137 U.S. dollars

[magibeg]

Well actually it was worth 1.0004 cents US. Now i realize no one would remember this but for the better part of history the Canadian dollar was worth more than the American one. However this is actually bad for Canada because of out import/export ratio to the US.

[bassmasta]

it hasn't been worth more for 35 years. i'm not even that old. better than back home though, the rand is a 12:1 trade.

[von kain]

yes but the prices are ridiculous as i write in this post is stupid with those currencies to pay in America 140 $ for a hd2600xt and in europe 150 euros for the same card

http://forums.techpowerup.com/showthread.php?t=40371

[technicks]

And then people ask me why i buy so much stuff on Ebay.:laugh:
I love the $:D

[kwchang007]

Good for you guys, come to the US and spend some money, go to a state with no tax or try to get a refund. Then bring a big screen back home

[technicks]

I just looked in myEbay and in the last 60 days i spent $612.:twitch::laugh:

[WhiteLotus]

the £/$ ratio is laughable - i hate it being so high

[kwchang007]

the £/$ ratio is laughable - i hate it being so high

It's bad on both sides. Imagine if we want to tour England. Bring a COUPLE hundred dollars and watch it turn into LESS than a hundred dollars.

[WhiteLotus]

exactley all well and good for us going to you but for you going to us man that sucks hugely - it effects our tourism in a big way.

i wonder now thinking about it if i can buy a whole new pc from US online (eg newegg) and get it shipped for less than here in uk. plus uk is expensive anyway on nearly everything. stupid cold wet damp dark dingy chav infested pit of a country

[Chewy]

yeah the US $ fell a bit lately from what I heard and the Canadian has been rising a bit lately.. this recent bump I think is from the USD falling a bit... hopefully I starts showing up more in hardware :O I would like a new TV :D.

[kwchang007]

exactley all well and good for us going to you but for you going to us man that sucks hugely - it effects our tourism in a big way.

i wonder now thinking about it if i can buy a whole new pc from US online (eg newegg) and get it shipped for less than here in uk. plus uk is expensive anyway on nearly everything. stupid cold wet damp dark dingy chav infested pit of a country

Perhaps you could. You should start a company in the UK then move over to the States. 2-1 conversion...man I want to do that now. It hurts your tourism...yeah, but it also means that we're so much poorer compared to you. Maybe you should invest in the US housing market when the prices drop a little more. Like a 1 million dollar house is 500 k UK pound. Or buy land.

[WhiteLotus]

yea maybe. the AUS$ is even higher. better for me cos i want 2 move there later in life.

[Polaris573]

This is a bad symptom of a failing U.S. economy. As foreign and domestic investors grow more concerned about the looming sub-prime mortgage disaster, as well as other instabilities in the economy, they are selling dollars and investing in more stable currencies. The dollar is expected to drop further before the end of the year. This will have repercussions I won't pretend to fully understand, however, chances are they will not be good if this trend continues. The United States economy effects more than just our country, if things get too bad there will be side effects for other nations as well. Some of you may celebrate now, but unless things get better you may feel the pinch too

[AthlonX2]

exactley all well and good for us going to you but for you going to us man that sucks hugely - it effects our tourism in a big way.

i wonder now thinking about it if i can buy a whole new pc from US online (eg newegg) and get it shipped for less than here in uk. plus uk is expensive anyway on nearly everything. stupid cold wet damp dark dingy chav infested pit of a country

dont you have to pay weird fees to have cable television?

[von kain]

i think america will rise the price of petrol barrel to 120$ and make big $$$ .:D:p
i still ask and get no answer why in europe we are so much expensive 140euros for a card cost only 120 $ in us is just stupid

[peach1971]

yes but the prices are ridiculous as i write in this post is stupid with those currencies to pay in America 140 $ for a hd2600xt and in europe 150 euros for the same card
??
You can grab those cards starting at 84.92 EUR (Sapphire) over here. ;)
That´s 110.04 US$
http://www.idealo.de/preisvergleich/MainSearchProductCategory.html?param.prodsearch.so rt.sortKey=minPrice

It´s a question of demand in first place since they´re all manufactured in China.
You see, Europe is still more likely a virtual thing.

[von kain]

in germany maybe in greece its another story here is far far worst
or check this
http://www2.hardwareversand.de/7V3v8vDtitLFs9/1/articledetail.jsp?aid=17537&agid=716&ref=27

[peach1971]

Shipping from Germany to Greece <2kg = 8,60 EUR via DHL. :)

[von kain]

peach if i tell you that about a hour ago i was try to see the cost???
thank you

[WhiteLotus]

This is a bad symptom of a failing U.S. economy. As foreign and domestic investors grow more concerned about the looming sub-prime mortgage disaster, as well as other instabilities in the economy, they are selling dollars and investing in more stable currencies. The dollar is expected to drop further before the end of the year. This will have repercussions I won't pretend to fully understand, however, chances are they will not be good if this trend continues. The United States economy effects more than just our country, if things get too bad there will be side effects for other nations as well. Some of you may celebrate now, but unless things get better you may feel the pinch too


when the USA sneezes the world catchs a cold

[Chewy]

^^ thats the powerhouse but we've gotta do what we gotta do, fight terrorism to death I say.. its the only to "win" retreat = more problems later! and thats the truth :(.

Edit: and bigger problems.

[kwchang007]

This is a bad symptom of a failing U.S. economy. As foreign and domestic investors grow more concerned about the looming sub-prime mortgage disaster, as well as other instabilities in the economy, they are selling dollars and investing in more stable currencies. The dollar is expected to drop further before the end of the year. This will have repercussions I won't pretend to fully understand, however, chances are they will not be good if this trend continues. The United States economy effects more than just our country, if things get too bad there will be side effects for other nations as well. Some of you may celebrate now, but unless things get better you may feel the pinch too

Actually, right now it's a good thing for the dollar to be falling. We NEED it. We're in soooo much debt, and since our debt is measured in dollars, we therefore have less debt to other nations. That's one thing. The problem is if the dollar gets too weak. Then we face mass inflation, especially on the side of energy. Basically if the dollar plummets we'll pay like $5 a gallon, and the companies will not raise their wages that much. So, there is a fine line that dollar will hopefully stick to. And remember, if we can get out of the debt, it should go back up. Oh and btw, the US economy hasn't been knocked to its knees because of the sub-prime disaster. Just banking is taking a huge hit, remember the fed pumped alot of money into the banking sector? Not into any other sectors, but then again, if banking goes under, that's another depression you're looking at. Also, the stock market may do better, because our stocks will be valued less, which may draw more people to the US stock market.

[WhiteLotus]

actually the way things are going the world may see another wall street crash - if stocks go down a bit then everyone fallows suit and sells up. the USA does spend an awefull amount of money that it doesnt have.

[Polaris573]

Actually, right now it's a good thing for the dollar to be falling. We NEED it. We're in soooo much debt, and since our debt is measured in dollars, we therefore have less debt to other nations. That's one thing. The problem is if the dollar gets too weak. Then we face mass inflation, especially on the side of energy. Basically if the dollar plummets we'll pay like $5 a gallon, and the companies will not raise their wages that much. So, there is a fine line that dollar will hopefully stick to. And remember, if we can get out of the debt, it should go back up. Oh and btw, the US economy hasn't been knocked to its knees because of the sub-prime disaster. Just banking is taking a huge hit, remember the fed pumped alot of money into the banking sector? Not into any other sectors, but then again, if banking goes under, that's another depression you're looking at. Also, the stock market may do better, because our stocks will be valued less, which may draw more people to the US stock market.

I'm a biologist not an economist and you made an interesting point I don't quite understand. How will a weaker dollar make it easier to pay off the national debt? I know the sub-prime disaster didn't knock the economy to it's knees, I'm just saying it has the potential to really hurt. We're certainly not spiraling out of control as of yet, but the economy isn't all rays of sunshine despite what the government keeps telling us.

[Thermopylae_480]

i think america will rise the price of petrol barrel to 120$ and make big $$$ .:D:p
i still ask and get no answer why in europe we are so much expensive 140euros for a card cost only 120 $ in us is just stupid

We subsidize our oil costs. They are kept artificially low, and the difference is picked up through various taxes and paid to oil companies. It's a pretty shady deal, but keeps people happy and driving their SUVs. Most of our oil actually comes from Canada and Venezuela, so we don't have to deal quite as much with OPEC. Although, they still have a major effect on our oil prices.

[kwchang007]

I'm a biologist not an economist and you made an interesting point I don't quite understand. How will a weaker dollar make it easier to pay off the national debt? I know the sub-prime disaster didn't knock the economy to it's knees, I'm just saying it has the potential to really hurt. We're certainly not spiraling out of control as of yet, but the economy isn't all rays of sunshine despite what the government keeps telling us.

Well let me put it this way. If we borrowed say....$500 million dollars from...say Switzerland when the dollar= one euro. So we borrowed $500 million euros. Now since our debt is measured in dollars, and currently the exchange is about 1 dollar to 1.5 euros. So now our debt is about 333,333,333.34 euros to Switzerland. Also, since it's more expensive to import things, we should be importing less, and exporting more since it is cheaper to export things. (that's compared to before, when the dollar was strong). Oh the economy is never really how the gov't describes it, no matter how good we're doing.

[Polaris573]

That may help a little, but don't we owe the bulk of the national debt to ourselves in some twisted convoluted scheme?

[kwchang007]

That may help a little, but don't we owe the bulk of the national debt to ourselves in some twisted convoluted scheme?

Now how the would be twisted and convoluted. And how...like credit cards or something? Cause most of the debt in the US is credit cards and mortgages and such. But what I was talking about is the national trade debt.

[Polaris573]

Ah okay. The trade deficit and the national debt are two different things though.