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Anonymous.
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AuthorPosts
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February 29, 2008 at 2:09 PM #11967
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February 29, 2008 at 2:57 PM #162796
Coronita
ParticipantFYI: Spain economy is doing bad. Lot's of sales there. [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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February 29, 2008 at 2:57 PM #163101Participant
FYI: Spain economy is doing bad. Lot's of sales there. [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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February 29, 2008 at 2:57 PM #163114Participant
FYI: Spain economy is doing bad. Lot's of sales there. [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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February 29, 2008 at 2:57 PM #163129Participant
FYI: Spain economy is doing bad. Lot's of sales there. [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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February 29, 2008 at 2:57 PM #163205Participant
FYI: Spain economy is doing bad. Lot's of sales there. [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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February 29, 2008 at 3:08 PM #162812
svelteParticipantHey, we may run across each other Kev.
All I think about when I watch this happen is that there will be fewer American tourists to contend with as wifey and I enjoy our trip!
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February 29, 2008 at 3:13 PM #162821
kewp
ParticipantBe sure to speak loudly so they understand you.
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February 29, 2008 at 3:56 PM #162882
Deal Hunter
ParticipantNot bloody likely…. so says my British Harry Potter pen pal on myspace. I asked him if the ECB would cave to the U.S. Fed and lower their rates. He sarcastically retorted that unlike the U.S., Europeans and Asians don’t watch their home equities, they watch their savings accounts. They’re having real estate issues too, but they’re just not that concerned as most have savings.
He said he’s waiting until June, when he usually buys new jeans (because he only buys new clothes once a year), to buy some advantageously priced Levi’s.
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March 1, 2008 at 8:04 AM #163039Participant
Not bloody likely…. so says my British Harry Potter pen pal on myspace. I asked him if the ECB would cave to the U.S. Fed and lower their rates. He sarcastically retorted that unlike the U.S., Europeans and Asians don't watch their home equities, they watch their savings accounts. They're having real estate issues too, but they're just not that concerned as most have savings.
He said he's waiting until June, when he usually buys new jeans (because he only buys new clothes once a year), to buy some advantageously priced Levi's.
Two words for your British pen pal:
Northern Rock.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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March 1, 2008 at 8:04 AM #163347Participant
Not bloody likely…. so says my British Harry Potter pen pal on myspace. I asked him if the ECB would cave to the U.S. Fed and lower their rates. He sarcastically retorted that unlike the U.S., Europeans and Asians don't watch their home equities, they watch their savings accounts. They're having real estate issues too, but they're just not that concerned as most have savings.
He said he's waiting until June, when he usually buys new jeans (because he only buys new clothes once a year), to buy some advantageously priced Levi's.
Two words for your British pen pal:
Northern Rock.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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March 1, 2008 at 8:04 AM #163359Participant
Not bloody likely…. so says my British Harry Potter pen pal on myspace. I asked him if the ECB would cave to the U.S. Fed and lower their rates. He sarcastically retorted that unlike the U.S., Europeans and Asians don't watch their home equities, they watch their savings accounts. They're having real estate issues too, but they're just not that concerned as most have savings.
He said he's waiting until June, when he usually buys new jeans (because he only buys new clothes once a year), to buy some advantageously priced Levi's.
Two words for your British pen pal:
Northern Rock.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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March 1, 2008 at 8:04 AM #163371Participant
Not bloody likely…. so says my British Harry Potter pen pal on myspace. I asked him if the ECB would cave to the U.S. Fed and lower their rates. He sarcastically retorted that unlike the U.S., Europeans and Asians don't watch their home equities, they watch their savings accounts. They're having real estate issues too, but they're just not that concerned as most have savings.
He said he's waiting until June, when he usually buys new jeans (because he only buys new clothes once a year), to buy some advantageously priced Levi's.
Two words for your British pen pal:
Northern Rock.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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March 1, 2008 at 8:04 AM #163451Participant
Not bloody likely…. so says my British Harry Potter pen pal on myspace. I asked him if the ECB would cave to the U.S. Fed and lower their rates. He sarcastically retorted that unlike the U.S., Europeans and Asians don't watch their home equities, they watch their savings accounts. They're having real estate issues too, but they're just not that concerned as most have savings.
He said he's waiting until June, when he usually buys new jeans (because he only buys new clothes once a year), to buy some advantageously priced Levi's.
Two words for your British pen pal:
Northern Rock.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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February 29, 2008 at 3:56 PM #163187Participant
Not bloody likely…. so says my British Harry Potter pen pal on myspace. I asked him if the ECB would cave to the U.S. Fed and lower their rates. He sarcastically retorted that unlike the U.S., Europeans and Asians don’t watch their home equities, they watch their savings accounts. They’re having real estate issues too, but they’re just not that concerned as most have savings.
He said he’s waiting until June, when he usually buys new jeans (because he only buys new clothes once a year), to buy some advantageously priced Levi’s.
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February 29, 2008 at 3:56 PM #163199Participant
Not bloody likely…. so says my British Harry Potter pen pal on myspace. I asked him if the ECB would cave to the U.S. Fed and lower their rates. He sarcastically retorted that unlike the U.S., Europeans and Asians don’t watch their home equities, they watch their savings accounts. They’re having real estate issues too, but they’re just not that concerned as most have savings.
He said he’s waiting until June, when he usually buys new jeans (because he only buys new clothes once a year), to buy some advantageously priced Levi’s.
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February 29, 2008 at 3:56 PM #163211Participant
Not bloody likely…. so says my British Harry Potter pen pal on myspace. I asked him if the ECB would cave to the U.S. Fed and lower their rates. He sarcastically retorted that unlike the U.S., Europeans and Asians don’t watch their home equities, they watch their savings accounts. They’re having real estate issues too, but they’re just not that concerned as most have savings.
He said he’s waiting until June, when he usually buys new jeans (because he only buys new clothes once a year), to buy some advantageously priced Levi’s.
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February 29, 2008 at 3:56 PM #163292Participant
Not bloody likely…. so says my British Harry Potter pen pal on myspace. I asked him if the ECB would cave to the U.S. Fed and lower their rates. He sarcastically retorted that unlike the U.S., Europeans and Asians don’t watch their home equities, they watch their savings accounts. They’re having real estate issues too, but they’re just not that concerned as most have savings.
He said he’s waiting until June, when he usually buys new jeans (because he only buys new clothes once a year), to buy some advantageously priced Levi’s.
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March 1, 2008 at 6:15 AM #163025
Jay-man
ParticipantI think the dollar and the stock market will move sideways for the foreseeable future. I’m more concerned about the market tanking than the dollar, they already took the dollar down a ton.
They to getting along in any foreign country where you don’t know the language is not only to speak louder, but increase the volume steadily. We’re Americans.
lol
btw that thing about Europeans all knowing some English, sheesh, try that in rural Italy…it’s just like an Italian going to Boofoo Texas.
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March 1, 2008 at 9:15 AM #163035
gdcox
ParticipantWell you could spend a little more time in the UK. Sterling has crashed 12% against the Euro in the last few months.
Do not go to Switzerland or, in mid summer, the Italian and French Riviera if cost conscious
Graham
PS Speak quietly and slowly in non-English countries and they may understand and even like you.
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March 1, 2008 at 10:00 AM #163064
blahblahblah
ParticipantWhere is the Euro headed? In the short term, he is headed down to the cafe on his Vespa for a cappucino and to whistle at girls. In the longer term (through August), he will go to the Balearics or the Canary Islands for vacation.
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March 1, 2008 at 10:00 AM #163372Participant
Where is the Euro headed? In the short term, he is headed down to the cafe on his Vespa for a cappucino and to whistle at girls. In the longer term (through August), he will go to the Balearics or the Canary Islands for vacation.
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March 1, 2008 at 10:00 AM #163384Participant
Where is the Euro headed? In the short term, he is headed down to the cafe on his Vespa for a cappucino and to whistle at girls. In the longer term (through August), he will go to the Balearics or the Canary Islands for vacation.
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March 1, 2008 at 10:00 AM #163396Participant
Where is the Euro headed? In the short term, he is headed down to the cafe on his Vespa for a cappucino and to whistle at girls. In the longer term (through August), he will go to the Balearics or the Canary Islands for vacation.
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March 1, 2008 at 10:00 AM #163478Participant
Where is the Euro headed? In the short term, he is headed down to the cafe on his Vespa for a cappucino and to whistle at girls. In the longer term (through August), he will go to the Balearics or the Canary Islands for vacation.
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March 1, 2008 at 9:15 AM #163342Participant
Well you could spend a little more time in the UK. Sterling has crashed 12% against the Euro in the last few months.
Do not go to Switzerland or, in mid summer, the Italian and French Riviera if cost conscious
Graham
PS Speak quietly and slowly in non-English countries and they may understand and even like you.
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March 1, 2008 at 9:15 AM #163354Participant
Well you could spend a little more time in the UK. Sterling has crashed 12% against the Euro in the last few months.
Do not go to Switzerland or, in mid summer, the Italian and French Riviera if cost conscious
Graham
PS Speak quietly and slowly in non-English countries and they may understand and even like you.
-
March 1, 2008 at 9:15 AM #163366Participant
Well you could spend a little more time in the UK. Sterling has crashed 12% against the Euro in the last few months.
Do not go to Switzerland or, in mid summer, the Italian and French Riviera if cost conscious
Graham
PS Speak quietly and slowly in non-English countries and they may understand and even like you.
-
March 1, 2008 at 9:15 AM #163446Participant
Well you could spend a little more time in the UK. Sterling has crashed 12% against the Euro in the last few months.
Do not go to Switzerland or, in mid summer, the Italian and French Riviera if cost conscious
Graham
PS Speak quietly and slowly in non-English countries and they may understand and even like you.
-
March 1, 2008 at 6:15 AM #163332Participant
I think the dollar and the stock market will move sideways for the foreseeable future. I’m more concerned about the market tanking than the dollar, they already took the dollar down a ton.
They to getting along in any foreign country where you don’t know the language is not only to speak louder, but increase the volume steadily. We’re Americans.
lol
btw that thing about Europeans all knowing some English, sheesh, try that in rural Italy…it’s just like an Italian going to Boofoo Texas.
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March 1, 2008 at 6:15 AM #163343Participant
I think the dollar and the stock market will move sideways for the foreseeable future. I’m more concerned about the market tanking than the dollar, they already took the dollar down a ton.
They to getting along in any foreign country where you don’t know the language is not only to speak louder, but increase the volume steadily. We’re Americans.
lol
btw that thing about Europeans all knowing some English, sheesh, try that in rural Italy…it’s just like an Italian going to Boofoo Texas.
-
March 1, 2008 at 6:15 AM #163356Participant
I think the dollar and the stock market will move sideways for the foreseeable future. I’m more concerned about the market tanking than the dollar, they already took the dollar down a ton.
They to getting along in any foreign country where you don’t know the language is not only to speak louder, but increase the volume steadily. We’re Americans.
lol
btw that thing about Europeans all knowing some English, sheesh, try that in rural Italy…it’s just like an Italian going to Boofoo Texas.
-
March 1, 2008 at 6:15 AM #163436Participant
I think the dollar and the stock market will move sideways for the foreseeable future. I’m more concerned about the market tanking than the dollar, they already took the dollar down a ton.
They to getting along in any foreign country where you don’t know the language is not only to speak louder, but increase the volume steadily. We’re Americans.
lol
btw that thing about Europeans all knowing some English, sheesh, try that in rural Italy…it’s just like an Italian going to Boofoo Texas.
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February 29, 2008 at 3:13 PM #163126Participant
Be sure to speak loudly so they understand you.
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February 29, 2008 at 3:13 PM #163140Participant
Be sure to speak loudly so they understand you.
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February 29, 2008 at 3:13 PM #163153Participant
Be sure to speak loudly so they understand you.
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February 29, 2008 at 3:13 PM #163231Participant
Be sure to speak loudly so they understand you.
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February 29, 2008 at 3:08 PM #163116svelteParticipant
Hey, we may run across each other Kev.
All I think about when I watch this happen is that there will be fewer American tourists to contend with as wifey and I enjoy our trip!
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February 29, 2008 at 3:08 PM #163130svelteParticipant
Hey, we may run across each other Kev.
All I think about when I watch this happen is that there will be fewer American tourists to contend with as wifey and I enjoy our trip!
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February 29, 2008 at 3:08 PM #163144svelteParticipant
Hey, we may run across each other Kev.
All I think about when I watch this happen is that there will be fewer American tourists to contend with as wifey and I enjoy our trip!
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February 29, 2008 at 3:08 PM #163220svelteParticipant
Hey, we may run across each other Kev.
All I think about when I watch this happen is that there will be fewer American tourists to contend with as wifey and I enjoy our trip!
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March 1, 2008 at 12:37 PM #163094
bubble_contagion
ParticipantAll Euros are headed to New York to shop! NYC stores are now accepting payments in Euro. My trip to Spain last year seems like a good investment now. This year’s trip will be painful. My wife and I travel to Europe once a year, I remember in 2000 the Euro was around .90. So Sad.
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March 1, 2008 at 1:48 PM #163100
kev374
Participant
Hey, we may run across each other Kev.All I think about when I watch this happen is that there will be fewer American tourists to contend with as wifey and I enjoy our trip!
Hehe, possibly! 🙂
Hope you guys have a great time on your trip.
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March 1, 2008 at 1:48 PM #163407Participant
Hey, we may run across each other Kev.All I think about when I watch this happen is that there will be fewer American tourists to contend with as wifey and I enjoy our trip!
Hehe, possibly! 🙂
Hope you guys have a great time on your trip.
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March 1, 2008 at 1:48 PM #163419Participant
Hey, we may run across each other Kev.All I think about when I watch this happen is that there will be fewer American tourists to contend with as wifey and I enjoy our trip!
Hehe, possibly! 🙂
Hope you guys have a great time on your trip.
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March 1, 2008 at 1:48 PM #163430Participant
Hey, we may run across each other Kev.All I think about when I watch this happen is that there will be fewer American tourists to contend with as wifey and I enjoy our trip!
Hehe, possibly! 🙂
Hope you guys have a great time on your trip.
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March 1, 2008 at 1:48 PM #163513Participant
Hey, we may run across each other Kev.All I think about when I watch this happen is that there will be fewer American tourists to contend with as wifey and I enjoy our trip!
Hehe, possibly! 🙂
Hope you guys have a great time on your trip.
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March 2, 2008 at 10:57 AM #163319Participant
It will get worse before it stabilizes…
http://money.cnn.com/2008/02/29/markets/dollar/index.htm?postversion=2008030213
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March 3, 2008 at 1:08 PM #163587
Anonymous
GuestI was in Spain when Bernanke first lowered the rates. In the two week span from when I arrived to when I left, there was a pretty decent difference in exchange rates. Plus, I remember some people i was talking to there poking fun of the dollar.
Long term, I don’t know how it can hold with all those countries with differing economies and differing needs. Seems like a a recipe for disaster. Short term, I bet it will still gain strength against the dollar.
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March 3, 2008 at 2:09 PM #163601Participant
I was in Spain when Bernanke first lowered the rates. In the two week span from when I arrived to when I left, there was a pretty decent difference in exchange rates. Plus, I remember some people i was talking to there poking fun of the dollar.
Long term, I don't know how it can hold with all those countries with differing economies and differing needs. Seems like a a recipe for disaster. Short term, I bet it will still gain strength against the dollar.
…like spain's economy is doing well… I don't know. Me thinks the EU is going to have a rude awakening. One thing for sure, U.S. goods definitely are going to seem a lot cheaper.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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March 3, 2008 at 8:58 PM #163686
equalizer
ParticipantUSD will stabilize in the short run since the crowd is most fearful now.
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March 4, 2008 at 8:17 AM #163841
SD Transplant
ParticipantBuffet on CNBC last night had a differnt view – when asked the same question. He mentioned specifically that the FED & Govt is paying only lip service to the problem (stron fiscal/monetary policy – a strong $), but their action have not change at all in the last 4-5 years. As a result, he (Buffet) forecasts the $ to drop significantly. He mention the value of 0.6 EURO / $1.00 – that’s a scary image. Yes, I travel to Europe every year – my trip will be more expensive (I have relatives/family, so I save on some hotels/meals – yet the trip is getting harder to achieve).
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March 4, 2008 at 9:12 AM #163887Participant
They’re gonna take it as low as they can. We owe tons of money to the rest of the world, and the easiest way to get out of paying it back is to reduce the value of the currency itself. Devaluing the currency also helps politically with the housing situation — since voters don’t want to see their home prices go down, a devalued currency will help keep them from falling too fast or too far (assuming we get wage inflation at some point, which of course might not happen). 90% of Americans never leave the country anyway so they won’t notice until the Yuan gets revalued (if it ever does) since everything they buy is Chinese. Oh and of course it makes the few exports we still have cheaper, so it’s good for business. Devaluing the dollar is a win-win-win for the fed and the US gov, so expect them to do it. The only one that might not work out in their favor is the housing situation, but they don’t care about a bunch of dumb people that borrowed too much money anyway.
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March 4, 2008 at 9:12 AM #164197Participant
They’re gonna take it as low as they can. We owe tons of money to the rest of the world, and the easiest way to get out of paying it back is to reduce the value of the currency itself. Devaluing the currency also helps politically with the housing situation — since voters don’t want to see their home prices go down, a devalued currency will help keep them from falling too fast or too far (assuming we get wage inflation at some point, which of course might not happen). 90% of Americans never leave the country anyway so they won’t notice until the Yuan gets revalued (if it ever does) since everything they buy is Chinese. Oh and of course it makes the few exports we still have cheaper, so it’s good for business. Devaluing the dollar is a win-win-win for the fed and the US gov, so expect them to do it. The only one that might not work out in their favor is the housing situation, but they don’t care about a bunch of dumb people that borrowed too much money anyway.
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March 4, 2008 at 9:12 AM #164210Participant
They’re gonna take it as low as they can. We owe tons of money to the rest of the world, and the easiest way to get out of paying it back is to reduce the value of the currency itself. Devaluing the currency also helps politically with the housing situation — since voters don’t want to see their home prices go down, a devalued currency will help keep them from falling too fast or too far (assuming we get wage inflation at some point, which of course might not happen). 90% of Americans never leave the country anyway so they won’t notice until the Yuan gets revalued (if it ever does) since everything they buy is Chinese. Oh and of course it makes the few exports we still have cheaper, so it’s good for business. Devaluing the dollar is a win-win-win for the fed and the US gov, so expect them to do it. The only one that might not work out in their favor is the housing situation, but they don’t care about a bunch of dumb people that borrowed too much money anyway.
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March 4, 2008 at 9:12 AM #164219Participant
They’re gonna take it as low as they can. We owe tons of money to the rest of the world, and the easiest way to get out of paying it back is to reduce the value of the currency itself. Devaluing the currency also helps politically with the housing situation — since voters don’t want to see their home prices go down, a devalued currency will help keep them from falling too fast or too far (assuming we get wage inflation at some point, which of course might not happen). 90% of Americans never leave the country anyway so they won’t notice until the Yuan gets revalued (if it ever does) since everything they buy is Chinese. Oh and of course it makes the few exports we still have cheaper, so it’s good for business. Devaluing the dollar is a win-win-win for the fed and the US gov, so expect them to do it. The only one that might not work out in their favor is the housing situation, but they don’t care about a bunch of dumb people that borrowed too much money anyway.
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March 4, 2008 at 9:12 AM #164301Participant
They’re gonna take it as low as they can. We owe tons of money to the rest of the world, and the easiest way to get out of paying it back is to reduce the value of the currency itself. Devaluing the currency also helps politically with the housing situation — since voters don’t want to see their home prices go down, a devalued currency will help keep them from falling too fast or too far (assuming we get wage inflation at some point, which of course might not happen). 90% of Americans never leave the country anyway so they won’t notice until the Yuan gets revalued (if it ever does) since everything they buy is Chinese. Oh and of course it makes the few exports we still have cheaper, so it’s good for business. Devaluing the dollar is a win-win-win for the fed and the US gov, so expect them to do it. The only one that might not work out in their favor is the housing situation, but they don’t care about a bunch of dumb people that borrowed too much money anyway.
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March 4, 2008 at 8:17 AM #164155Participant
Buffet on CNBC last night had a differnt view – when asked the same question. He mentioned specifically that the FED & Govt is paying only lip service to the problem (stron fiscal/monetary policy – a strong $), but their action have not change at all in the last 4-5 years. As a result, he (Buffet) forecasts the $ to drop significantly. He mention the value of 0.6 EURO / $1.00 – that’s a scary image. Yes, I travel to Europe every year – my trip will be more expensive (I have relatives/family, so I save on some hotels/meals – yet the trip is getting harder to achieve).
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March 4, 2008 at 8:17 AM #164165Participant
Buffet on CNBC last night had a differnt view – when asked the same question. He mentioned specifically that the FED & Govt is paying only lip service to the problem (stron fiscal/monetary policy – a strong $), but their action have not change at all in the last 4-5 years. As a result, he (Buffet) forecasts the $ to drop significantly. He mention the value of 0.6 EURO / $1.00 – that’s a scary image. Yes, I travel to Europe every year – my trip will be more expensive (I have relatives/family, so I save on some hotels/meals – yet the trip is getting harder to achieve).
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March 4, 2008 at 8:17 AM #164172Participant
Buffet on CNBC last night had a differnt view – when asked the same question. He mentioned specifically that the FED & Govt is paying only lip service to the problem (stron fiscal/monetary policy – a strong $), but their action have not change at all in the last 4-5 years. As a result, he (Buffet) forecasts the $ to drop significantly. He mention the value of 0.6 EURO / $1.00 – that’s a scary image. Yes, I travel to Europe every year – my trip will be more expensive (I have relatives/family, so I save on some hotels/meals – yet the trip is getting harder to achieve).
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March 4, 2008 at 8:17 AM #164256Participant
Buffet on CNBC last night had a differnt view – when asked the same question. He mentioned specifically that the FED & Govt is paying only lip service to the problem (stron fiscal/monetary policy – a strong $), but their action have not change at all in the last 4-5 years. As a result, he (Buffet) forecasts the $ to drop significantly. He mention the value of 0.6 EURO / $1.00 – that’s a scary image. Yes, I travel to Europe every year – my trip will be more expensive (I have relatives/family, so I save on some hotels/meals – yet the trip is getting harder to achieve).
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March 3, 2008 at 8:58 PM #163998Participant
USD will stabilize in the short run since the crowd is most fearful now.
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March 3, 2008 at 8:58 PM #164010Participant
USD will stabilize in the short run since the crowd is most fearful now.
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March 3, 2008 at 8:58 PM #164017Participant
USD will stabilize in the short run since the crowd is most fearful now.
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March 3, 2008 at 8:58 PM #164101Participant
USD will stabilize in the short run since the crowd is most fearful now.
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March 4, 2008 at 10:45 AM #163969Guest
…like spain’s economy is doing well… I don’t know. Me thinks the EU is going to have a rude awakening. One thing for sure, U.S. goods definitely are going to seem a lot cheaper.
Agreed. If you want to see a place that has been overbuilt, look no further than the south of Spain. Cranes almost everywhere. Some of the projects were so huge, it is hard to believe that anyone would think there would be people to buy all the condos. There was a 1/2 built, 20 shop mall that was supposed to be supported by a handful of vacation condos. The building quality was so poor there, that my uncle could not hang ceiling fans in his condo because the ceilings could not support them…
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March 4, 2008 at 10:45 AM #164278Guest
…like spain’s economy is doing well… I don’t know. Me thinks the EU is going to have a rude awakening. One thing for sure, U.S. goods definitely are going to seem a lot cheaper.
Agreed. If you want to see a place that has been overbuilt, look no further than the south of Spain. Cranes almost everywhere. Some of the projects were so huge, it is hard to believe that anyone would think there would be people to buy all the condos. There was a 1/2 built, 20 shop mall that was supposed to be supported by a handful of vacation condos. The building quality was so poor there, that my uncle could not hang ceiling fans in his condo because the ceilings could not support them…
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March 4, 2008 at 10:45 AM #164288Guest
…like spain’s economy is doing well… I don’t know. Me thinks the EU is going to have a rude awakening. One thing for sure, U.S. goods definitely are going to seem a lot cheaper.
Agreed. If you want to see a place that has been overbuilt, look no further than the south of Spain. Cranes almost everywhere. Some of the projects were so huge, it is hard to believe that anyone would think there would be people to buy all the condos. There was a 1/2 built, 20 shop mall that was supposed to be supported by a handful of vacation condos. The building quality was so poor there, that my uncle could not hang ceiling fans in his condo because the ceilings could not support them…
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March 4, 2008 at 10:45 AM #164297Guest
…like spain’s economy is doing well… I don’t know. Me thinks the EU is going to have a rude awakening. One thing for sure, U.S. goods definitely are going to seem a lot cheaper.
Agreed. If you want to see a place that has been overbuilt, look no further than the south of Spain. Cranes almost everywhere. Some of the projects were so huge, it is hard to believe that anyone would think there would be people to buy all the condos. There was a 1/2 built, 20 shop mall that was supposed to be supported by a handful of vacation condos. The building quality was so poor there, that my uncle could not hang ceiling fans in his condo because the ceilings could not support them…
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March 4, 2008 at 10:45 AM #164381Guest
…like spain’s economy is doing well… I don’t know. Me thinks the EU is going to have a rude awakening. One thing for sure, U.S. goods definitely are going to seem a lot cheaper.
Agreed. If you want to see a place that has been overbuilt, look no further than the south of Spain. Cranes almost everywhere. Some of the projects were so huge, it is hard to believe that anyone would think there would be people to buy all the condos. There was a 1/2 built, 20 shop mall that was supposed to be supported by a handful of vacation condos. The building quality was so poor there, that my uncle could not hang ceiling fans in his condo because the ceilings could not support them…
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March 3, 2008 at 2:09 PM #163914Participant
I was in Spain when Bernanke first lowered the rates. In the two week span from when I arrived to when I left, there was a pretty decent difference in exchange rates. Plus, I remember some people i was talking to there poking fun of the dollar.
Long term, I don't know how it can hold with all those countries with differing economies and differing needs. Seems like a a recipe for disaster. Short term, I bet it will still gain strength against the dollar.
…like spain's economy is doing well… I don't know. Me thinks the EU is going to have a rude awakening. One thing for sure, U.S. goods definitely are going to seem a lot cheaper.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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March 3, 2008 at 2:09 PM #163925Participant
I was in Spain when Bernanke first lowered the rates. In the two week span from when I arrived to when I left, there was a pretty decent difference in exchange rates. Plus, I remember some people i was talking to there poking fun of the dollar.
Long term, I don't know how it can hold with all those countries with differing economies and differing needs. Seems like a a recipe for disaster. Short term, I bet it will still gain strength against the dollar.
…like spain's economy is doing well… I don't know. Me thinks the EU is going to have a rude awakening. One thing for sure, U.S. goods definitely are going to seem a lot cheaper.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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March 3, 2008 at 2:09 PM #163934Participant
I was in Spain when Bernanke first lowered the rates. In the two week span from when I arrived to when I left, there was a pretty decent difference in exchange rates. Plus, I remember some people i was talking to there poking fun of the dollar.
Long term, I don't know how it can hold with all those countries with differing economies and differing needs. Seems like a a recipe for disaster. Short term, I bet it will still gain strength against the dollar.
…like spain's economy is doing well… I don't know. Me thinks the EU is going to have a rude awakening. One thing for sure, U.S. goods definitely are going to seem a lot cheaper.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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March 3, 2008 at 2:09 PM #164016Participant
I was in Spain when Bernanke first lowered the rates. In the two week span from when I arrived to when I left, there was a pretty decent difference in exchange rates. Plus, I remember some people i was talking to there poking fun of the dollar.
Long term, I don't know how it can hold with all those countries with differing economies and differing needs. Seems like a a recipe for disaster. Short term, I bet it will still gain strength against the dollar.
…like spain's economy is doing well… I don't know. Me thinks the EU is going to have a rude awakening. One thing for sure, U.S. goods definitely are going to seem a lot cheaper.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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March 3, 2008 at 1:08 PM #163900Guest
I was in Spain when Bernanke first lowered the rates. In the two week span from when I arrived to when I left, there was a pretty decent difference in exchange rates. Plus, I remember some people i was talking to there poking fun of the dollar.
Long term, I don’t know how it can hold with all those countries with differing economies and differing needs. Seems like a a recipe for disaster. Short term, I bet it will still gain strength against the dollar.
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March 3, 2008 at 1:08 PM #163908Guest
I was in Spain when Bernanke first lowered the rates. In the two week span from when I arrived to when I left, there was a pretty decent difference in exchange rates. Plus, I remember some people i was talking to there poking fun of the dollar.
Long term, I don’t know how it can hold with all those countries with differing economies and differing needs. Seems like a a recipe for disaster. Short term, I bet it will still gain strength against the dollar.
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March 3, 2008 at 1:08 PM #163919Guest
I was in Spain when Bernanke first lowered the rates. In the two week span from when I arrived to when I left, there was a pretty decent difference in exchange rates. Plus, I remember some people i was talking to there poking fun of the dollar.
Long term, I don’t know how it can hold with all those countries with differing economies and differing needs. Seems like a a recipe for disaster. Short term, I bet it will still gain strength against the dollar.
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March 3, 2008 at 1:08 PM #164001Guest
I was in Spain when Bernanke first lowered the rates. In the two week span from when I arrived to when I left, there was a pretty decent difference in exchange rates. Plus, I remember some people i was talking to there poking fun of the dollar.
Long term, I don’t know how it can hold with all those countries with differing economies and differing needs. Seems like a a recipe for disaster. Short term, I bet it will still gain strength against the dollar.
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March 2, 2008 at 10:57 AM #163628Participant
It will get worse before it stabilizes…
http://money.cnn.com/2008/02/29/markets/dollar/index.htm?postversion=2008030213
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March 2, 2008 at 10:57 AM #163639Participant
It will get worse before it stabilizes…
http://money.cnn.com/2008/02/29/markets/dollar/index.htm?postversion=2008030213
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March 2, 2008 at 10:57 AM #163650Participant
It will get worse before it stabilizes…
http://money.cnn.com/2008/02/29/markets/dollar/index.htm?postversion=2008030213
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March 2, 2008 at 10:57 AM #163732Participant
It will get worse before it stabilizes…
http://money.cnn.com/2008/02/29/markets/dollar/index.htm?postversion=2008030213
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March 1, 2008 at 12:37 PM #163402Participant
All Euros are headed to New York to shop! NYC stores are now accepting payments in Euro. My trip to Spain last year seems like a good investment now. This year’s trip will be painful. My wife and I travel to Europe once a year, I remember in 2000 the Euro was around .90. So Sad.
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March 1, 2008 at 12:37 PM #163414Participant
All Euros are headed to New York to shop! NYC stores are now accepting payments in Euro. My trip to Spain last year seems like a good investment now. This year’s trip will be painful. My wife and I travel to Europe once a year, I remember in 2000 the Euro was around .90. So Sad.
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March 1, 2008 at 12:37 PM #163425Participant
All Euros are headed to New York to shop! NYC stores are now accepting payments in Euro. My trip to Spain last year seems like a good investment now. This year’s trip will be painful. My wife and I travel to Europe once a year, I remember in 2000 the Euro was around .90. So Sad.
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March 1, 2008 at 12:37 PM #163508Participant
All Euros are headed to New York to shop! NYC stores are now accepting payments in Euro. My trip to Spain last year seems like a good investment now. This year’s trip will be painful. My wife and I travel to Europe once a year, I remember in 2000 the Euro was around .90. So Sad.
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