The Euro Is Failing: Why € Fell Below the $

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Over recent months the Euro has been struggling, plunging to lows not seen since the currency properly launched in the early 2000s. So why is Europe's central currency struggling, what does it mean for regular people and is the EU headed for recession.
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[@Alejandracamacho357]

It is what it is! During this austere times, protecting one's capital is much more important than making money. Basically because if one loses one's capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@Robertgriffinne]

You need to invest in order to protect your hard-earned funds from inflation. You need to invest now because your money is more valuable today than it will be in a year.

[@PhilipMurray251]

Bottom-line is that inflation is actually above 10% whilst interest rates is sub 2%. Cash is still trash.

[@instinctively_awesome8283]

The time value of money means today $10,000 is worth more than it will be in the future. Investing in the stock market is the surest way of protecting your money from inflation and the best way to build wealth. The U.S stock market is the world's biggest wealth creator which always outperforms most economic realities in the long term.

[@marianparker7502]

You can't really know the full risk rate except you are a Pro. Reason I settled for advisory and guide from a stocks guru, "Stephanie Priscilla Bonillo". Never been the same again with my holdings

[@tradekings5433]

The crazy part is that advisors are probably outperforming the market and raising good returns. I will give this a look up, lucky i stumbled on this thread.

[@tommyfisher277]

How secure is it to buy a Eurobond right now given the euro's depreciation, and what is the predicted gain each year or over the next five years?

[@aliyunko9689]

Before getting into a sector, it’s best to seek advice from a professional

[@Gregfreemann]

Considering the recent economic downturn on the dollar and euro community, the market might be an ocean and not a lake to swim in at the moment. This is when, financial advice becomes prominent. Resisting the urge to enter unsure positions is key to survival. Consider myself, I have lost multiple pts gambling my way through the market but after an encounter with •yvonne annette lively• early 2022, I’ve been able to build a $216k portfolio passively and in less than a year.

[@joecaruso06]

Thought about financial planning?

[@maryalchester]

@@aliyunko9689 couldn’t have said it any better. Ive had my fair share of the bad side of the market. I learnt the hard way. Fortunately I’ve been able to scale up my ptf following analysis from - Yvonne Annette Lively - 8% monthly roi on investment might not be much but still better slow and steady.

[@hueymorello5115]

@@joecaruso06 Heard about Yvonne Anette Lively?

[@floppa9415]

Its honestly quite nutty that it took a gigantic increase in energy price, a war nearby and brexit to just bring it to parrity. I honestly think its quite remarkable the Euro wasn't hit harder.

[@theCountOfTotal]

And add a pandemic to that list :)

[@Berserker3624]

Eh give it some time

[@brokkrep]

@@Berserker3624 username checks out

[@Berserker3624]

@@brokkrep that is the trend is it not? That over time the euro gets worse and worse, not to mention the coming winter along with you lot funding a war that wont give you a return in your investment...like I said, eh give it time

[@walidmouad7688]

@@Berserker3624 No more time left, my patriotic friend. ECB started raisinig rates.

[@williamskohler8337]

I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory

[@sheliaswelttk2535]

[@davidnewbury1721]

@@sheliaswelttk2535

[@gabriellewilson5625]

@@davidnewbury1721 Interesting. I've a lump sum doing absolutely nothing at all in my bank account, i wanna gets something started with it. You seem to be doing excellent for yourself, how do you achieve this?

[@davidnewbury1721]

@@gabriellewilson5625 I am being guided by "Tracy Helene Aalvik" who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.

[@CrypticTranscendence]

Dollar cost average a market ETF (my choice is VOO) and reinvest dividends into more ETF shares. Market conditions are irrelevant if you DCA because it ignores market timing

[@REDnBLACKnRED]

Can you cover what's happening in the non-euro EU countries like Sweden, Denmark and the like? How're they faring economically? How's their currency holding up? And how will this recession affect them?

[@psixooo991]

I'd imagine it wouldnt really differ as those countries are part of the European Economic Area.

[@mikkelrw1606]

The Danish Krone is linked to the Euro and has to stay at 1 euro to 7,46 DKK with a 2,25% band of that level.

[@Asgoga]

@@RT-ie2rj What about Norwegian and Icelandic krone ?

[@peterfireflylund]

@@RT-ie2rj we can’t ditch the gas dependency that follows from wind/solar use anytime soon as that would require absolutely enormous batteries. The more wind/solar, the more gas dependence. The right option is nuclear, which can be scaled up faster than wind/solar, doesn’t require gas, and doesn’t require batteries. We are in the current mess exactly because we got so much wind/solar…

[@janosveller4918]

Most European currencies are in one way or another tied to the Euro, so no major changes there, but they typically lost about 18% against USD, with the Hungarian Forint clearly standing out by losing 36% of its value against the Dollar. Close to the 40% suffered by the Ukrainians.

[@user-uy9td2zj7o]

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[@user-uy9td2zj7o]

Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.

[@user-uy9td2zj7o]

I deposited £150,000 I don't know how to make profit.

[@user-uy9td2zj7o]

please I really need help with her info.

[@user-uy9td2zj7o]

Thanks, I just contacted her on watz app and she responded.

[@LydiaMClark]

I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week.

[@telotawa]

the federal reserve is pumping interest rates, europe isnt

[@yurichtube1162]

Not enough

[@raphaelkap]

they ARE though. Everyone is. To not do so would mean economic suicide, a lá Turkey.

[@squirepraggerstope3591]

"YOOWOP", if you really just mean the loathsome EU, has vast problems anyway. Another rise in inflation to 9.1% (EU av) in August, which despite many major EU states direct fuel price caps and VAST subsidies, is now in the same range as the UK's 9.9% August rate, though UK POLICY of indirect subsidy to domestic consumers does NOT massage headline CPI rate.

[@ivanmase99]

@@squirepraggerstope3591 There are big countries in the EU that have a lower inflation rate, and many small countries that have a higher inflation rate. Mathematically speaking it's obvious that the overall inflation rate is higher for the EU

[@silliestsususagest3276]

@@ivanmase99It's not calculated as a pure average between the eu27 nations, with each being waited the same. It's a completely separate calculation of the EU as a whole, not the mean of the eu nations. So yes large EU nations do effect the EU inflation way more than smaller countries do.

[@op4000exe]

The economic strength of a nation or block, is also very much defined by how resilient it is to having its currency fall in value. If such a fall brings on total collapse, that's a significantly weaker currency, whereas if a fall "just" turns out to be a speedbumb on the road that causes some inconvenience, but doesn't destroy the foundation, then such an economy is still a strong one, and will still be one that can recouperate. Personally I'd imagine the EU to get through this just fine, mostly because the EU has a stable and well functioning infrastructure, i.e. it doesn't just have the bare minimum in order to function, it will be able to get back on its feet a lot faster as compared to a nation that has a lot of issues just below the surface ready to bring about collapse if not managed properly.

[@drzoidnilsson73]

Europe will take some punishment, less so than Ukraine, but much more than the USA even if they are pumping in the money. But Europe is doing OK. But war time (since WW2) or other international unrest => economic trust goes to USD. The non EUR currencies in Europe, like SEK and DDK, are also falling like bricks in value, even though their countries have strong economies, but they are dependent on trade with Europe and and thus not trustworthy. But the EUR vs EUR-related currencies should be expected to be untrustworthy vs USD but also other strog international currencies out of Europe. Except of course the CHF which doesn't care about Europe or the world much... ;-) Europe will have some issues and currencies, like inflation levels, are odd but give it 1-2 y and things will be looking more normal.

[@travcollier]

The Euro is an odd thing. Sovereign fiat currencies have a government which can use the fiscal/spending side to help manage it (spending=creating $), but the real spending power in the EU rests with the member states which need to have/get money to spend it. I like the idea behind the Euro, but I'm not actually sure it makes that much sense without the EU central gov being stronger.

[@drzoidnilsson73]

​@@travcollier ;-) The Euro is a logic thing/solution for internal Europe affairs and also for the rest of the world that trade with Europe. If the price of IKEA furniture rises and one wants to know why you want it explained in EUR - and not SEK (unless you are Swedish and live in Sweden like I do). But that a lot of EU countries haven't adopted the EUR, but work with the EUR banking system, is mostly because these countries want to keep that extra tool of country and own currency as a tool for e g their central banks to control their own country's economy a bit. EUR is good for other EU countries and for EU - but I'll keep my opinion that it is not right for e g Sweden... ;-) (Unnecessary information Sweden has the worlds oldest National Bank)

[@Ganymede559]

Doesn't the EU trade in negative bond yields? Doesn't sound like a functioning infrastructure.

[@yudistiraliem135]

EU’s economy will be weaker in short term and will stall in long term because it’s the trend even before covid and Ukraine war. Economic growth alone does not show member states actually ended up having advantage by joining except few exporter countries like Germany. Italy and Greece actually trended down by being pegged to stronger currencies when they’re not major exporters. I think if Greece has its own weak currencies they will be flooded by EU citizens looking for close and cheap getaways in Mediteranian.

[@janossarkezi]

As a European citizen and a consumer, it is so nice to hear, that some bigshot hedgefund managers or analysts have decided that my confidence has been decimated ... what would i do without them 🤦‍♂

[@nothereandthereanywhere]

This isn't about European only. Many investments are from abroad. And those will be looking at the numbers.

[@loremipsum7ac]

That's not how confidence indexes are estimated.

[@jenshep1720]

truly, how shall we ever recover from this devastating development.

[@inesdamonteines3985]

@@nothereandthereanywhere Like the hike to the interest rates in EU , logistics and stability for their business.

[@notliquid1448]

That's not how it works

[@franug]

It's funny to see an explanation of how the exchange rate affects everyday people. It shows how good Europeans have had it for so long...here in Chile (and in any developing, open nation) we ALL know the price of dollars per peso, because it affects us so much. There's always conflict between exporters and importers because of it. And we know if the price of copper (our main export) goes up, then the dollar goes down because we get more flow into the country.

[@alexanderlipowsky6055]

I have no fucking idea what my countries main export (apart for world wars) is... maaan i do have it exceptionally good, not just good

[@srccde]

Finally, Valve's prices on Steam are even! It used to be that, if you payed, e.g, 49$US for a game, you paid 49€ in Europe - which was a scam, really.

[@LondonSteveLee]

Even worse, £49 in the UK - the most ripped off people as usual.

[@srccde]

@@LondonSteveLee Wtf. That's why I don't buy games directly on Steam anymore - except Early Access.

[@a.q.2330]

developers decide regional pricings as far as I know, but valve themselves try to balance prices as they should be

[@TheBazzo333]

The ECB didn't raise interest rates to "bring the euro above parity". The ECB does not target exchange rates (and shouldn't). You guys really need to consult an economist before publishing this garbage.

[@freewal]

That's right, but i would not be so insulting towards this channel. Yes interest rate is not a key factor for the ECB, it's the inflation which is the key factor. Euro will always be a key currency.

[@joostvhts]

Why did they do it?

[@Thuhglegend27]

Nou ja zeg

[@JMP1337]

The Federal reserve also started with quantitative tightening. This also positively effects the price of the USD. Its very unfortunate we have to import so much energy. Eneergy is very price inelastic and it really hurts the purchasing power of European households.

[@Lucifer_26]

Green political parties are often accused of proposing expensive policies, but they have been telling the problems of relying on Russian resources for energy for more than 20 years. Green energy which any country can produce themselves leads to more energy independence. Countries like Norway which are almost entirely powered by green energy because of their many hydroelectric power plants are now sitting cozy and have much less inflation.

[@markovermeer1394]

It is weird for a UK based producer to speak about the EU crashing: when you look at the exchange rate between the Pound and the Euro over the past years, then you see that those are quite stable. Even: the GBP is slipping wrt the US$ even a bit faster! And "Crashing" is really, really overdone.

[@danielwebb8402]

Believe me, they have similar videos on the GBP on their other channels. Just anything negative on UK they put down to Brexit

[@silliestsususagest3276]

@@danielwebb8402 Brexit has negatively affected our industry, and it just like inconvenient, without any actual benefit.

[@danielwebb8402]

@@silliestsususagest3276 Many see say yesterday's low unemployment data as a positive. And certainly is lower than would have been without Brexit.

[@RRaymer]

How? I’ve just checked and the pound strengthened against the Euro Over the past year. If anything the U.K. is in the best position in Europe

[@thedude9014]

@@danielwebb8402 low unemploiment is not always positive, lots of jobs can't be filled , that's bad for the economy .

[@Lemonz1989]

There is apparently a “real possibility” of intentional brownouts in Europe this coming winter. I will just assume that it’s going to happen, and I’m already starting to prepare. Everything in my apartment is electric, so I’ve bought a grill and coal to use outside, and a small gas camping stove to cook with if I don’t have power. I’ve also bought carbon filters for water (I have a lake close by) and extra foods like pasta, rice, flour, dry yeast, canned beans, canned tomatoes, etc. I’m also canning meats, soups and vegetables myself. I didn’t believe corona would be a big thing and it turned out it was, and I didn’t believe Russia would go to war, and they did, so now I’ll just assume my suspicions are incorrect and expect brownouts.

[@bleughbloop8569]

if it makes you feel better I thought corona would be big, and russia would go to war, but I don't think you guys are going to have any trouble with household heating. If anybody is hit at all it will be industry.

[@rafalszczepanski98]

The euro is not dropping, but the dollar is strengthening due to an increase in interest rates

[@rodneydsouza2454]

It's both

[@olivierdk2]

It's a British media, they won't talk about it, it doesn't fit their narrative.

[@mikicerise6250]

Yeah, the dollar is strenghtening against everybody. It makes sense. We're all totally screwed except the US, which is only like 90% screwed.

[@rodneydsouza2454]

@@olivierdk2 if you watched the video for more than 30 seconds before commenting you can clearly see that they mentioned it

[@Cajek2]

@@olivierdk2 “their narrative,” as though they’re Fox News or something

[@jamesgrover2005]

Could be worse they could have business investment like the UK's

[@danielwebb8402]

Could be better. They could have 2022 GDP growth like the UK's

[@thedude9014]

@@danielwebb8402 🤣🤣🤣🤣🤣🤣

[@danielwebb8402]

@@Essentially_Nobody The OECDs last one. Where everyone anti Brexit jumped on the 23 numbers (lowest in G7) but shockingly glossed over the 22 ones (2nd in G7 to Canada). UK 3.6% for 22. Euro area (couldn't find EU aggregated) 2.6%.

[@steveosborne2297]

@@danielwebb8402 I don’t know where you got that fantasy from ; since Brexit UK growth has been 3.8% Whilst EU growth in the same period has been 8.5% The only reason the UK growth figures appear to be good because the UK economy suffered far worse during Covid than EU .The loss to the UK economy was over 9% whereas the average loss in the EU was less than 5%

[@danielwebb8402]

@@steveosborne2297 Er no. a) I've given 22 figures. From OECD b) yours are incorrect 2016-19 we grew at 6.7% Germany/ France/ Italy were 7.0%/6.9%/4.3% So UK entirely consistent with EU G7 peers 2020&21 - UK got back to its end 19 level in November 21. EU?... November 21. So 2016-21 UK grew no better or worse than our holy EU peers.

[@Longknife]

Uhhh, how much of this is actually on the Euro vs. the Dollar just establishing dominance...? Let's be clear: on the world market, the three strongest and most talked about these days are the Dollar, the Euro and the Chinese Yuan. Currently, Europe is experiencing turmoil in the form of a war on it's doorstep and uncertain supply of energy resources. This alone will shake up it's price a bit. Meanwhile, China is on the verge of implosion. I don't even know where to start with this because there's simply so many things going wrong in China. Point being: investors and businesses alike are second-guessing their investments in China because it's proving itself to be a rather unstable, poorly-planned region. This leaves the USA. It is no longer as "threatened" by Chinese dominance and while Europe is overall still "fine," it's not an ideal moment to invest in it. The Dollar is spiking. It's less about the other currencies sinking and more about the dollar rising. There's absolutely an element of each currency falling for sure, but you have to control for the Euro by comparing it to various currencies worldwide. The Euro is still rising vs. the Yuan, vs. Yen, vs. pounds, and various other currencies. The only reason they look bad is because they're being compared to the current undisputed champion of the world.

[@ayoCC]

Also being able to predict devaluation of the currency is good. If the exchange rate can be held like this and guaranteed for a longer time, it'd make domestic manufacturing stronger and more viable to produce things inside the EU instead of China, which leads to the better acquisition of knowhow inside the EU. What I think is though that the exchange rates might rise again and this is a temporary slump.

[@WaterPowerfull22]

ECB Interest rate is 1,25% not 0,75% which is deposit rate

[@samuelese22]

Fantastic video guys!!!! Really well explained. Keep it up!

[@BebbaDubbs]

Inflation is completely in our heads. Literally, if people don't freak, things will hold. Sadly... People like to freak out.

[@jorgenstudios3791]

I think you have made an error: 12 times 0.25% is equal to 3% not 4%.

[@aangmunawar6217]

Thank's a lot for very nice information

[@johnnymartinjohansen]

Inflation is insane in Europe, especially the southern part. I live in Norway, and for several years we've been on holiday twice per year to southern Europe. This year, we decided to drop it completely, because trips to Spain, Greece, etc, costs more than double compared to pre-corona. That's the trip (plane tickets + hotel) alone, and we also have to consider inflated prices on location, which are extreme especially in Greek tourist areas, where it's reported that restaurant prices have passed prices here in Norway, something that has never ever happened before. Pre-corona, such trips were very affordable, right now it's not worth considering at all. If it's the same next year, we'll probably go on an extended trip to Thailand or Vietnam instead.

[@RN1441]

You should have a word with your politicians about national priorities. The fact that your currency has fallen relative to the Euro while your nation is an energy export power house and the EU is in a desperate shortage situation yet the currency is still weak relative to the Euro? Something's been seriously mismanaged over there.

[@johnnymartinjohansen]

@@RN1441 The problem isn't currency exchange rates. For years it's mostly been 10-12 NOK per Euro, and it's currently at the lowest I've seen in many years at 10,09 NOK Which should mean Euros are very cheap for us now. So no, our currency has NOT fallen relative to the Euro, that's just wrong. No, it's mostly about inflation, but it's also about "everyone" wanna earn back what they lost during covid.

[@juanmillaruelo7647]

Not my experience within Spain in the Summer of 2022 versus previous years. Perhaps it depends on the resort or location chosen.

[@Catacang]

I don't think prices doubled in Portugal either... maybe it's something very specific to the places you were looking for.

[@evo8power228]

The e.u is milking its own people dry

[@daniell1483]

From the US, I constantly comment how much I love Europe, but that doesn't necessarily extend to the EU. It seems very hard for any one European citizen to have a strong effect on the EU itself because each nation has its own goals. Considering the circumstances, I am asking myself, why didn't the ECB raise interest rates to a level comparable to the US Federal Reserve? That they raised it at all shows they understand the problem, but going to only 0.75% seems rather lacking, doesn't it?

[@Deepthought-42]

Don’t overlook that over the same period the pound has fallen against the Euro and is performing even worse than the Euro.

[@evo8power228]

Still worth a lot more

[@planets9102]

Gotta love Brexit

[@evo8power228]

@@planets9102 I do , it was so sweet leaving the control freaks in Brussels

[@jeffmorris5802]

@@planets9102 Eh. Britain is probably worse off than it would have been without Brexit, but it's pretty obvious at this point that the doomsayers were WAY off the mark. The British pound is only slightly underperforming the Euro.

[@seneca983]

Relative depreciation isn't necessarily "worse". It depends on the specifics. Sometimes countries may purposefully seek to depreciate their currencies to make their exports more competitive.

[@bluerisk]

I'm German, and I have lost all my confidence in our political leaders. Just take the energy sector: Leaving nuclear energy for good - even by now - albeit the 13 plants had been among the safest in Europe and their construction cost had already been written off: cheap and secure energy. Leaving coal, a resource that can supply us with energy for over 200 years, and their are modern filter system that can reduce the harm. There is even the technology to collect the CO2. Banning fracking albeit our domestic gas resources could supply us for 30 years, enough time for the transition away from fossil fuels. But instead we were made dependend on Russian gas, although the US warned our government over and over again. And even after 2008 (Georgia) and 2014 (Crimea) Merkel increased our dependency instead of reducing it. And what message in regard of it aggressive foreign policy was this approach to Putin? Invade other countries, we don't like it, but we will still do business with you (all Putin cares for). Just one example how completely devoid of any sense, rationality. responsibility or long-time thinking our leader are: Baerbocks, Habeck, Merkel or Scholz. Often purely driven by a Green ideology. I have transferred all my assets into dollars and keep only my loans in Euros. I also avoid spending money within Germany or Europe, and try to buy or spent my holidays oversea. Everything that hurts this government.

[@cameronmclennan942]

Watching this sped up, every time you said 'the ECB', I thought you were saying 'the easy bee'...was thoroughly confused, but now want to learn more about the life of this peculiar pollinator who may be related to Easy V from the Spice Girls

[@harbormelody4633]

Successful people don't become successful that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

[@eddjohnson3341]

I.bitcoin 2.Stocks 3.for rex

[@mathildedelaunay3895]

therefore in-vesting in it wouldn't be a bad idea 💡

[@mathildedelaunay3895]

people are really making a lot of money from it... . .

[@josejuancamacho7095]

She has really made name for her self,

[@josejuancamacho7095]

I'm not here to converse for her but to testify just for what I'm sure of,

[@arkheavyindutries]

The Euro is not "collapsing" in value. The US dollar is rising in value with respect all other currencies, mainly because the FED is sharpingly increasing the interest rates AND the USD is the world trade currency. The problems in the eurozone are only exacerbating this difference, but the main contributor is the difference in interest rates. The European Central Bank is lagging behind the FED.

[@USandGlobal]

That’s part of it but the main reason apart from American military protection was cheap Russian energy so countries like Germany could export more goods like their main export which is vehicles and now that’s over because even if they were to replace the levels of energy they had in January they would still not be able to compete because they will be paying so much for energy alone. Last year over two trillion usd worth of goods were produced in Germany and now it’s less than half of that and it’s not even winter yet 😮

[@vintagebollinger4439]

If the ECB doesn’t want the Euro to collapse it is qnot hire limited in how much it can raise rates. The US doesn’t have these constraints.

[@advancelast1740]

brilliant channel - thank you

[@jorehir]

Italian companies have been advocating for a WEAKER Euro since 2002, when they saw their exports mauled by the introduction of the new strong currency. Of course, imports are still necessary (natural resources that Europe lacks...), but it's definitely not all negative.

[@TheMagicJIZZ]

There should be two Euros Euros A and Euros B for weaker economies to allow devaluation

[@fionafiona1146]

Germany still enjoys the low value for international exports , especially when a lot of industry is "high value added" manufacturing and services, where the original material imported (if exceeding current recycling returns) has a low price share .

[@yudistiraliem135]

@@TheMagicJIZZ there’s strongn atguments to be made for at least 3 EU. But won’t pass the pan Europeanist. It’s chasing USA at all cost view has proven to be self inflicting pain.

[@USandGlobal]

@@fionafiona1146 that’s not the problem the problem is that their main energy source is almost gone and that was the main reason that they were able to compete against countries like the ISA, Japan and China because they got cheap Russian oil now Germany will spend billion up billions on the insurance alone to insure the ships that will carry their LNG and oil

[@fionafiona1146]

@@USandGlobal the 2005-2009 energy transition strategy wouldn't have gotten us into that position and the people who developed it will accordingly get us out. It's embarrassing to see people (in my family) take so little accountability for their contribution to the current infrastructure debts, especially when they have voted against my interests, assuming they wouldn't need to suffer the consequences. Ps. There are mountains of infinitely reusable metals and energy dense petroleum products sorted and labeled in current landfills, no need to discount German mining capacity before those are accounted for.

[@omegaRST]

I think the people of Europe are way less concerned about the economy than Americans, we are people of culture and history and overcoming adversity, a recession wont kill us

[@franknwogu4911]

cope, wait till winter

[@waycoolscootaloo]

Baby Palpatine: A very bad take. I can tell you it's definitely the other way around right now. Americans aren't looking to be frozen out of their homes this winter unlike Europeans for example. Even consumer goods are going up in Europe compared to the U.S. PS5 and the new iPhone for example are seeing price hikes in the EU. While in the U.S. the prices will remain at the same rate as last year. Yes the U.S. is seeing inflation. Just as all countries are. But it's not seeing run away inflation on energy prices and isn't worrying about having to ration energy like the EU is. Now due to Brexit the UK is by far going to be hit the hardest. The EU will see less inflation compared to the UK.

[@peterd788]

Markets demand predictability and the ability to predict is softened if people don't know what a response will be to certain events. The current climate means that Euro states need to borrow more but no one knows with any degree of certainty the extent to who is the lender of last resort. The Euro is not an optimum currency zone because the countries borrowing money aren't the ones controlling the money supply. The US has control of its monetary levers but the Eurozone does not which means that in stressful times people flee one major reserve for the other.

[@davorinrusevljan6440]

It matters deeply. Oil, gas, computers, that is all priced in usd

[@christopherg2347]

4:45 Any Economy the size of Europe is a big ship. You steer such ships _carefully_

[@Cliffdog01]

Speaking as a New Zealander with one of the worst none Hyper Inflated currencies in the world I welcome this change and hope it lasts a little longer. I always regretted not Buying USD at there low in 2008 when NZD was at parity to USD for a very short time but this time now I have a Airline Cash Card and can more easily buy Currency and I think it will be great to stock pile some Euros.

[@archygrey9093]

I noticed this last night when making a couple of donations, one donation was in $20 USD and the other was 20 Euro, when i converted them into AUD so i know how much i was sending i found they were both almost exactly $30 AUD in value

[@VersedNJ]

It's more like a perfect storm. 1. energy supplies, as well as buying LNG from the US. 2. Economics as mentioned. 3.The Ukrainian war distablizing the world. Security trumps all (not the president) and the protection the US can secure. To be honest, the original release was supposed to be more or less on par. True or not, I'm not sure.

[@Mtaalas]

It would be good idea to add a "cloud absorber" above the frame to knock back some of that echo that's being picked up by the mic :)

[@Alpha1200]

The idea that it will further raise inflation if a recession happens seems rather strange to me. Sure, in the current environment with very low unemployment buying more domestically increases inflation because companies can't hire extra people to produce stuff. But if there's a recession and the job numbers start to slump and people keep buying more domestic goods or other people buy more from Europe then that should shield us from the job losses in absolute terms somewhat, no?

[@ceccoangiolieri3430]

The economy has a boost and boom cycle, sometimes you go great (80s/90s) and sometimes it all goes bad, if you have a recession sooner or later an economic boom is gonna happen (if the global warming doesn't fuck us for good)

[@Mira_linn]

That is the idea however problems come when there is a finite resource driving inflation åka energy in this case. Increasing prices, driving inflation and at the same time decreasing buying power

[@AdamSmith-gs2dv]

@@Mira_linn Yup. See stagflation in the US during the 1970s as a perfect example

[@deuscain]

"The collapse of the Euro"? It's just barely under the dollar - this feels like people making mountains of molehills. It's going to be a bad couple of years - for everyone. The pandemic and the war have basically assured that. But the Euro isn't showing the kind of truly rapid loss that I'd associate with a collapsing currency - just investors desperate to make money at a time when we're all probably losing it.

[@adonisarmanazi5346]

while europ and dollars are barely losing any value. 3rd world countries currencies are literally crashing due to the same reasons. Lebanon, Syria, turkey, Sri Lanka, Pakistan. westerns should be grateful they already stabilized their economies.

[@floweroftherain4380]

Remember there was a time when euro is stronger than US dollar: 1 euro = 1,3 US Dollar

[@cloakedoblivion22]

Good vid, coulda been a tldr business video

[@clmdcc]

Well, with Europe buying massive amounts of expensive gas from the US, it is no wonder the USD is gaining in demand and Euro losing demand. And with expensive Energy prices in the EU exports become more expensive, reducing demand for euros. It will be a temporary thing until gas prices return to normal, or become insignificant in the euro energy mix.

[@kerstas10]

Even today gas prices droped significantly. Whole summer, europe was kind of in a situation, where we need to fill our storages for winter, so use as less as possible. But now that everything is filled, we can buy the same amount, just dont put it in storage all, and start use it for our needs.

[@commandertopgun]

Extremely informative & thought provoking inspiring videos

[@foxyboiiyt3332]

It's much more about the Dollar gaining value. Dollar is massively up against sterling too

[@LondonSteveLee]

Why? How? The Fed prints a record number of dollars by far for two years. Saudi Arabia, China and Russia start trading oil outside the petrodollar (a seismic event that's gone unnoticed) - and STILL the Euro weakens against it? This goes against every law of economics - something big is happening.

[@pandaDotDragon]

When the Euro is high people complains, when the Euro is low people complains... not the same people though 🧐

[@12.8millionviews5]

The Euro will bounce back eventually. These currencies like Euro, Dollar etc will remain dominant because those are the countries where people feel safe to put their money in those banks. And vacation to, and buy property in.

[@parkgumstef5206]

The main reason is because of the lack of strong industrial activities in europe, war in ukraine and recession.

[@josepharrr3712]

True

[@albevanhanoy]

It is time to divert financing to subsidize tourism and exporting industries. A weaker euro should make EU exports more competitive. If companies don't take advantage of this opportunity, they are incredibly stupid.

[@shubhamsagarsingh9451]

EU isn't good at manufacturing at this point.

[@mertzanakia]

European exports will not become attractive because high energy costs will increase manufacturing costs. And that's why investors are running away from europe and the currency is collapsing. There is no upside.

[@albevanhanoy]

@@mertzanakia Lol, found the Putin bot.

[@mertzanakia]

@@albevanhanoy What makes me a Putin bot? I am against the Russian invasion and insist that europe should resist Russia. Unforunately this war is making us poorer but of course it's nothing next to what the Ukrainians are suffering. What I said is purely factual. Sanction against Russia -> Enery prices go up -> Manufacturing costs go up -> Exports go down -> Currency goes down.

[@albevanhanoy]

​@@mertzanakia Sorry, I'm used to seeing defeatism regarding Europe's situation, and I honestly despise it. I think we should stay hopeful for Europe. It's already holding on much better than the naysayers were predicting.

[@stanleymulengamwamba5508]

Thanks!

[@drewmalhotra4360]

Now that the dollar is higher than the Euro. It is now called “soccer” not “football”

[@RazorMouth]

The Euro isn't crashing, the USD is just stronger against most currencies. Euro to other currencies hasn't changed much. Euro is stronger vs many currencies from 12 months ago, YEN, INR and AUD.

[@connmarymark4898]

Sure tutorial videos help out, frankly speaking my outcomes have become constant following laid down patterns, this way I earn while affording the luxury of TIME, all in all I'm thankful for trade pros!

[@KaylaLisa]

In a sector that requires much technicals and analysis as that of stocks and forex, understanding early the role experience and expertise plays in the markets regarding profitable trades I believe is a smart money move

[@HaroldAlbert]

Facts! I started trading earlier last year for trials before deciding to take it up a notch, wasn't profitable enough. I'm now able to 5x my capital in less than 9months scaling from $80k-$560k. And did get a pro trader for proper risk management as recommended by a trading channel

[@OwainDebraShirley]

The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on

[@HaroldAlbert]

@Docas Moore 'Mrs Claudia Walter's' has been my guide in the trades market, she's a FINRA accredited expert trader and her system's the reason I'm so profitable trading, earnestly it's been so worthwhile, good profits and little to no engagement on my side

[@HaroldAlbert]

You can leave her a msg on her whats@pp handle 👇👇👇

[@AFFoC]

Bring shut down Nuclear plants back online and build new ones. Invest in Fusion energy. Problem solved.

[@stygis]

I don’t think Euro is loosing value is more like we are having a war against russia and markets are being manipulated.

[@poucine832]

I thought they were talking about an 8% or more inflation in Europe. 1,25% is what we have every year anyway. But maybe he's talking about borrowing money.

[@shoebockx3334]

Nah let’s just blame Greece

[@RU-Aussie]

Lazy bastards

[@sueyourself5413]

When the market gets turbulent investors do not turn to the dollar they turn to commodities.

[@ricardosmythe2548]

The money supply for both currencies had been increased but the dollar is bolstered by its demand to trade with globally. Quite simple really.

[@camillo9213]

You are missing some important points: - the euro nations with a lot of debt would suffer harder from a rise in interest rates which could cause a debt crisis. Which in turn would break confidence in the euro. - the flooding of foreign markets with euro for energy purchase is a contributing factor. But only for so long as the war in Ukraine continues. When the war stops a deflation is predicted. - the bigger nations inside the EU are not suffering from inflation as dramatically as the UK does. France only has one of 6% while the UK is predicted to go up to 14%. So interests rates don't need to be raised as much. - deposits are not investment. Liquid assets can be easily transfered around while hard investments are there to stay.

[@TheMagicJIZZ]

The UK has increased interest rates by 200 basis points higher than the ECB and France may have lower inflation Inflation will go down the UK faster than the eurozone with ecb starting to aggressively match I think the UK being a gas surplus exporter Will be much better off by January

[@martinrye712]

Think you need to check your figures as pretty much all the European powers have roughly the same inflation figures apart from France.But Frances figures are a bit misleading as the energy companies are state owned and are not passing very much of the prices increases to consumers (the French government will be paying for the increases)also France doesn't include food in there inflation figures,these 2 things are keeping there inflation figures lower,but they are struggling just like the rest of Europe

[@mikees9959]

The Euro isnt crashing, then Dollar is on the rise.

[@ThePlazmaBeast]

Quite insane that the interest rates in the 90's was that high, now its just a convenient way to store your money.

[@LondonSteveLee]

The really curious thing is how can the Euro weaken against the dollar after the Federal Reserve printed more dollars in 2 years than they did in the previous 100 years? It goes against all economic theory - the only answer is the EU zone is facing a disaster that we are not yet aware of but is being priced into the currency exchanges. There may be trouble ahead...

[@Lucifer_26]

The ECB has printed a lot of money as well, but they haven't given it directly to the public like the stimulus checks in the US. Much of that printed money has been directly invested in markets, where the US government bought up shares to increase market strength and even a lot of the stimulus checks have been invested in the market, because many everyday people suddenly had money on their hands they didn't need directly which they invested due to the rise of investment-apps and investment commercials. Lastly half of economics is psychology, everyday people didn't change their spending habits much yet, which lead to inflation being less pronounced because supply and demand changed less than it would if they all thought shit would hit the fan. It's very much in line with economic theory.

[@noncekilla8848]

Just shows you how much money the eu are printing

[@rikstan15]

People who get paid in USD will have an advantage though, since the USD they get paid in will give them more Euros. For example many self employed people on the internet, I myself am a small time streamer, usually paid in USD which means they have increased purchasing power with no correlated inflation having an effect on that other than the general inflation everyone faces. I am not an expert in this, if people seeing this know more about this I would highly appreciate further elaboration or correction.

[@Melvin420x12]

Interesting idea! If one USD is worth 15% more and inflation is 14%. And you're paid fully in USD while living in Europe, does that mean inflation has no impact on you?

[@Emanuel-jr2ii]

@@Melvin420x12 Of course inflation still has an impact. Prices of products are still around 15 to 30% higher compared to one or two years ago. However, you benefit from the exchange rate if you're being paid in USD and live in the Eurozone.

[@vannyvanngogg]

just in case you don't know who to blame --> Putler. it's obvious, of course, but seems like not for all.

[@grafmecx2641]

I'm 30 years old and I already had 5 lifetimes worth of recessions..

[@danwylie-sears1134]

"Collapse" isn't a good metaphor. When something collapses, it bends until it breaks, and then falls all the way to the ground. In between, there's no way for anything to make any difference. Once the structure is broken, nothing can possibly cause the rubble to hang around, suspended in midair. With the exchange rate of euros to dollars, there's neither a breaking point nor a ground level in play. Factors that affect the exchange rate will continue to affect it. In principle, there's a "ground" level: having the value of the euro become exactly zero. That's definitely not what's going on. Instead, the currencies are undergoing inflation at different rates, as the monetary authorities partially accommodate the inflationary shock of increased energy prices. Every price implicitly includes some energy that's used in providing the good or service. When that component of the cost increases, the price increases. If the nominal prices of all goods and services increase, that's not a change in any real price. Real prices are the prices of goods and services relative to other goods and services. So if all of the nominal prices increase by the same percentage, that's just a decrease in the value of the currency, which doesn't help adjust to the increased real price of energy, so the inflationary pressure is still there, so you can get runaway inflation. Monetary authorities are tasked with preventing that, so they don't allow proportionate growth of the money supply, which means that the energy-price shock causes more recession and less inflation. When they draw that line differently, according to their respective conditions and policy goals, the amount of inflation is different, and the exchange rate reflects that.

[@Soilfood365]

Does anyone else get the feeling that ForEx investors are effectively short-selling a continent?

[@thedude9014]

the UK is not a continent

[@Soilfood365]

@@thedude9014 the UK does not use the Euro... (EDIT: And yes, I know that not ALL of europe is in the Eurozone, and nor is it particularly accurate to treat europe as a continent, but it seemed snappier than 'short-selling an economic region')

[@CrystalMaidenFeetLover86]

As is their right. If we didn't have parasitic southern members that spend endlessly on social services and ended up with a huge debt, the ECB could rise interest rates as aggressively as the US. Instead, the ECB is buying up sovereign debt from those countries to prevent them from completely collapsing during slowly increasing interest rates

[@Jay...777]

The recent Council of Ministers meeting failed to agree on anything. Several countries were furious. Europe has no plan for what to do next, frozen in the headlights of the unfolding disaster. The Belgian PM, one perhaps more free to speak his mind, said ”If Europe didn’t resolve its energy crisis within the next 2 weeks, a spiral of de-industrialization will begin which will prove difficult if not impossible to reverse.” Time’s up.

[@davidh.6930]

there is no "TiM35 Up" if the entirety of europe wanted ... europe could throw 4 TRILLION Euro 4.000.000.000.000(germany alone can do 1 Trillion 1.000.000.000.000) at this problem and be overall below 100% debt to gdp ratio ... so fuck of doom sayer

[@silliestsususagest3276]

I Imagine even once the crisis has passed, Europe will find that it's industrial sector is at a disadvantage as it can no longer rely on cheap Russian Energy to give it a competitive edge, further more if a company leaves the EU due to this crisis it's unlikely it'll come back, especially as the rest of the world is now not so far behind on technical level or an educational level meaning the skill gap or quality issues, just isn't there anymore.

[@freewal]

Russian propagandist.

[@Jay...777]

@@silliestsususagest3276 Quite right.

[@silliestsususagest3276]

@@freewal who me? I fully support Ukraine mate

[@myparadiseonbantayanisland9030]

The euro is not falling, the dollar is rising due to interest rate hikes by the Fed, you should know that!!!

[@Val-xw7tw]

The euro is 2 cents below parity, it's calling that a collapse a little too dramatic?

[@jaja3359]

I'ld be more worried about the rate of the pound my friends, the euro will bounce back eventually when the current crisis settles, i'm not so sure about what the pounds future looks like

[@John-hu9qg]

Because brexit and the policy's of the Tory government have been an unmitigated disaster.

[@evo8power228]

Looks very strong ....unlike the very devided europe

[@jaja3359]

@@evo8power228 Europe is more connected and likeminded then ever The UKs economy's forecast is worse then ever and worse then the EU

[@evo8power228]

@@jaja3359 why are you lieing to yourself? How possibly can you be united when Right wing anti e.u party's are rising all over Europe? Your In complete denial ....its not a competition between e.u and UK , I'm not a fan of either political powers so my opinion is that of a natural, I just see the facts ....huge protests across Europe daily, rising anti e.u party's, when very very pro e.u sweden I's changing its corse...the right have just taken over there . Don't attack me like I'm some anti e.u person I'm just stating what's going on.

[@jaja3359]

@@evo8power228 Personally i think it has more to with anti immigration then anti EU, we'll see, i think you are blowing it up way bigger then it is, in some countries it will be interesting to see what happens ( Italy, Sweden ) That there are alot of protests isnt weird considering Europe is in its worst crisis since the 2nd world war, taking that into consideration its not as huge and dramatic as you describe it I think you fail to realise that since Putins invasion Europe has been taking huge steps together, which hasnt taken place on such scale since it has been created

[@ivanmase99]

Good video, but you guys need to be more careful when you put out statements without explaining them. For instance, when you said "The US economy is far more resilient than the European one", based on what? I can say it's the other way around, since you're not providing any data. We need accurate data, not opinions

[@vod96]

I agree with you, however i think he was talking about European dependence on fuel.

[@dondoodat]

He explained it by saying the US was exporting energy.

[@purplehaze8557]

Based on reality.

[@vod96]

@@purplehaze8557 whoa there, slow down with all them facts and figures bucko

[@purplehaze8557]

@@vod96 In all crisis, the US economy bounces back faster and stronger than Europe's. That is not surprising, given their dynamism and the fact, among others, that Europe wants to deindustrialize and is relying on ineffective “green” energy.

[@DIgitusSmartas]

One word. Snactions came back knocking and they aren't going back. America's finest plan ever to try and kill 2 birds with 1 stone

[@Garris_Shrike]

GBP-EUR is exactly at the same exchange rate than 1 year ago. It is not the EUR that is collapsing, it is the USD that is getting crazy strong.

[@mattheww.6232]

because our factories are not shutting down this winter and we haven't implemented a Agricultural suicide plan like stopping the use of fertilizers.

[@Garris_Shrike]

@@mattheww.6232 Hi Tucker... No, we did not stop using fertilizers, we are changing suppliers. And industry is not shutting down. You should change your source of news.

[@savroi]

"Failing"'? Really , that's the verb you thought defines the situation... have you EVER seen a real currency fail? The Euro was born below the US dollar, but it didn't pass a week before it went over the dollar, then back under when the money effectively started circulating. There are many reasons that brought that to be and lots of bibliography that can illustrate anyone about that. During the US "crash" (2008-2010) currency investments migrated and the Euro was between the winners of that lottery. Now, you seem to have forgotten that a lower Euro will mean an increase of exports and tourism, my guess a sound one too. I can only laugh and I must say, really hard, at the speculations you're citing, for under the current situation that's what they are, mere speculations, built upon many variables that are neither stable nor predictable. Germany and France are well prepared for these gymnastics; Italy and Spain kind of resigned to lose some / win some, the Northern block will enter their "endurance mode", well, Norway not so much... so we're left with a few problematic countries and a couple of jollies. This crisis (not the Euro "failing") that started out with the pandemic and it is now all about the energy dependance and the Mad Hat from the East should straighten a lot of "T's" and dot a lot of "I's". Of course this is a symptom of Europe's position towards Putin: Great stands do not come without a price specially when the entire world is watching. This will define the future relations not only with Russia but with China and the Middle East as well as setting a standard with all the rest of the World. We'll see if the Eurozone will be up to the task. The Russian roulette is spinning...

[@explodingwolfgaming8024]

Commenting 4 algorithm

[@nouveauprofil]

I'm doing my part too!

[@jamesgrover2005]

The algorithm Gods are happy

[@shivanshna7618]

Nice cat

[@RafaelW8]

TLDR of the TLDR: We're fucked (In the EU).

[@picklerickle3871]

When to Ireland from Britain, surprisingly got decent prices

[@Jay...777]

The fuel subsidies around Europe come in at 500,000,000,000 Euro. And rising. Not including the 200,000,000,000 Euro on weapons & gifts. And rising. Not including the vast sums spent on refugees. 20% inflation. Businesses closing forever. This is insane.

[@yurichtube1162]

They chose to be enemies of Russia. This was EU's own choice.

[@freewal]

Russian troll detected.

[@dondoodat]

@@yurichtube1162 No.

[@auxencefromont1989]

@@yurichtube1162 I'm wondering, how much are you paid per comment? I've heard it was about 50 us cents but i'm interested in the current actual value...

[@freewal]

Be careful this guy comes from the troll farms of the Putin's regime.

[@leeman1525]

This is actually Benefiting me. I’m moving to a eurozone country in February. The US dollars I’m converting is going a lot further.

[@mattheww.6232]

Hope its someplace with a nuclear power plant near by.

[@przemos7816]

Say: 'Thank you Germany'

[@cryptonative]

ECB sounds like “easy bee”

[@rashomon351]

Really ? Collapsing ? The Euro was always near the value of the dollar, now the curve dropped a few cents and that's a sign for the downfall of the EU ? I'm starting to question the neutrality of TLDR. You're starting to sound like all the other british right wing Brexit media outlets. Maybe an idea for the next TLDR video: Why TLDR is spreading right wing populist media theories...

[@markovermeer1394]

Fully agree. This clip is partially educational about economic mechanisms, but the main message is populist fake news. Are these people journalists?

[@Qnexus7]

Well, sensationalism is prettey neutral between righ and left wings.

[@BlankRami]

*Panic* sells.

[@SpannerWorks]

My sides. TLDR is pro-EU in terms of its bias.

[@kelvindoang1228]

Dude imagine TLDR already being so bias to the left.And just because this video he is now far right 😂 keep pushing everyone to the right buddy. Soon you will have nobody

[@louistan7560]

In the EU which country was the industrial dynamo? Germany. Germany under Chancellor Oaf has achieved astounding success in the destruction of Germany's industrial capacity on which the rest depends. By the end of the year the damage caused by his and EU policies will be permanent. A real pity but then the people did elect the faulty Traffic Light and have to bear the consequences. The EU region is sinking together for a just cause. Ukraine must be saved; at all cost. The EC and the EUP know what they are doing.

[@poucine832]

Of course you have to support Ukraine... Germany should not have got itself into a position where Russia can blackmail them. Putin was a bit stupid. If he had waited another year he would have been in a better position for inflicting big problems on Europe. And don't underestimate the germans who are well on their way to becoming independant of Russian gas in the coming years.

[@HUEHUEUHEPony]

Russian shill detected, go back to Russia

[@odolany]

The slide at 6:22 is not showing a Eurozone properly

[@lf9233]

the fact that a government controls the currency is a sign of weakness of that currency. Theoretically the fact that the ECB is independent from the member state is fiscally a sign of strength in the fiscal policy management, as the central bank is reliant on purely technical concerns and not on political ones

[@Froge0]

Another day where I'm thankful for Brexit

[@ceccoangiolieri3430]

But uk is doing much wrose than Europe

[@Krakanakis]

@@ceccoangiolieri3430 I don't believe he cares about facts

[@Chris3s]

we should work together and not divide further

[@ceccoangiolieri3430]

@@Chris3s uk will come back to europe praying us on her knees, we'll make them "wash our dishes" for 20 years than back together like nothing happened

[@duo7809]

@@ceccoangiolieri3430 Hahaha keep dreaming loony.

[@2DayGamer]

Was very confused what the easy bee was at first

[@FreemanAndRonin]

From renai to glory, and from glory became dark.. circle..

[@pkz420]

The US avoided a recession by altering word definitions. Can't Europe do the same? Give Webster a call and try.

[@barryholloway8565]

To many prints to stay above water

[@tijmenwillard2337]

It does make it even cheaper though to get university education here comparative to the US. With a highly educated population it's also pretty attractive to set up offices here compared to the US where someone with the same education level earns a lot more

[@geeache1891]

Decreasing is not the same as dropping is not the same as collapsing.

[@alexlehrersh9951]

7:25 if these comititors still exists or even can scale up production

[@rehurekj]

its weird how vid supposedly about economic situation and forex rates and also inflation didn't bother to mention ECB governor and her comment on the rather important distinction between situation in the US and EU. That the inflationary pressures( and thus to certain extend forex ones, too) in US are largely domestic but in case of EU theyre to much greater extend external, meaning while US inflation crisis is mostly US made and possible to be managed by Fed and/ or Washington in EU the crisis is largely connected to situation oustside its purview and outside its control and thus impossible to be controlled by any action or policy of ECB nor EU. So unless war on Ukraine ends( for that either US or Russia would have to stop pumping weapons and money there to keep it going) the EU inflation and to large extent EUR exchange rates just gonna keep dropping or raising together with development of the situation right beyond its borders.

[@bloggalot4718]

Not just the Euro, the Turkish Lira, U.K. Sterling and other currencies are falling, mainly brought on by high energy costs.

[@mikicerise6250]

Are we still going to have the 10$ = 10€ prices, or is that not a thing anymore? 🙄

[@KeinNiemand]

For things like games and stuff this probably won't matter becouse before games that cost $60 in the us already cost 60€ here in europe despite the € beeing worth more, same goes a bunch of other things. The EZB should start raing intrest rates more and faster maybe they should increase by a full percent or more.

[@waycoolscootaloo]

PS5 and iPhone (Apple) just announced price hikes for the EU but not the U.S. PS5 is rising by €50.00 for both the Blu-ray and digital models. In the U.S. the prices will remain the same for iPhone and PS5.