NWR: Euro at $1.26 vs dollar today.

B

Bwood

Bwood
So it looks like Greece is facing relegation to the sub-Euro this year, along with Portsmouth and possibly Portugal. With maybe Spain, Italy and Ireland needing to land some players this summer to avoid the relegation derby next year.

I won't, out of respect to Fla. Jim's admonition elsewhere, talk about how maybe math nerds, black boxes, trading algorithms and superfast trading might make tens of billions of market value disappear and then re-appear in, say, an hour today. That should certainly inspire trading confidence in the average 401(k) holder in the US. Say no more.

Very weird times again so soon after the fun of 2008 with many of the same banks involved again behind the scenes.

Euro at $1.00 to dollar by September? 2009 Vissoux Cuvee Traditionelle at $9.99 a bottle in US by October?

Overblown panic or a big deal?
 
Very big deal.

Not that I predict exchange rates for you.

But there are many outcomes with real probability that have very large macroeconomic impact. Most of these outcomes are not fabulous.

The eurozone is a big trading partner for most of the rest of the world. Their troubles to an extent become everyone else's.
 
originally posted by Bwood:
NWR: Euro at $1.26 vs dollar today.So it looks like Greece is facing relegation to the sub-Euro this year, along with Portsmouth and possibly Portugal. With maybe Spain, Italy and Ireland needing to land some players this summer to avoid the relegation derby next year.

I won't, out of respect to Fla. Jim's admonition elsewhere, talk about how maybe math nerds, black boxes, trading algorithms and superfast trading might make tens of billions of market value disappear and then re-appear in, say, an hour today. That should certainly inspire trading confidence in the average 401(k) holder in the US. Say no more.

Very weird times again so soon after the fun of 2008 with many of the same banks involved again behind the scenes.

Euro at $1.00 to dollar by September? 2009 Vissoux Cuvee Traditionelle at $9.99 a bottle in US by October?

Overblown panic or a big deal?
Click to expand...
I'm not ITB but I doubt prices would drop that quick. Prices would depend on the exchange rate when paid by the importer.
 
originally posted by Tom Glasgow:
originally posted by Bwood:

Euro at $1.00 to dollar by September? 2009 Vissoux Cuvee Traditionelle at $9.99 a bottle in US by October?

Overblown panic or a big deal?
Click to expand...
I'm not ITB but I doubt prices would drop that quick. Prices would depend on the exchange rate when paid by the importer.
Click to expand...

Yeah, I thought about that, you're probably right.
 
originally posted by Tom Glasgow:
originally posted by Bwood:
NWR: Euro at $1.26 vs dollar today.So it looks like Greece is facing relegation to the sub-Euro this year, along with Portsmouth and possibly Portugal. With maybe Spain, Italy and Ireland needing to land some players this summer to avoid the relegation derby next year.

I won't, out of respect to Fla. Jim's admonition elsewhere, talk about how maybe math nerds, black boxes, trading algorithms and superfast trading might make tens of billions of market value disappear and then re-appear in, say, an hour today. That should certainly inspire trading confidence in the average 401(k) holder in the US. Say no more.

Very weird times again so soon after the fun of 2008 with many of the same banks involved again behind the scenes.

Euro at $1.00 to dollar by September? 2009 Vissoux Cuvee Traditionelle at $9.99 a bottle in US by October?

Overblown panic or a big deal?
Click to expand...
I'm not ITB but I doubt prices would drop that quick. Prices would depend on the exchange rate when paid by the importer.
Click to expand...

Only if the rate is going down.
 
down here in NC.

Let it burn, we want cheaper imported wine.

Really, what do the Europeans buy from us besides services?

This should have happened two years ago. They have all of the same problems we have without most of the tools to do anything about it.
 
I'll have to cut back on my trips to the US, on the one hand. On the other hand, when you had to guarantee a price in dollars to your US clients because the rates were so volatile, and that price was set on a $1.30/euro exchange rate, and you saw the rate jump to $1.48/euro, at this point you're not that sorry...
 
originally posted by VS:
I'll have to cut back on my trips to the US, on the one hand. On the other hand, when you had to guarantee a price in dollars to your US clients because the rates were so volatile, and that price was set on a $1.30/euro exchange rate, and you saw the rate jump to $1.48/euro, at this point you're not that sorry...
Click to expand...

You must have one clever importer. We've never tried that racket.
 
originally posted by Joe Dressner:
originally posted by VS:
I'll have to cut back on my trips to the US, on the one hand. On the other hand, when you had to guarantee a price in dollars to your US clients because the rates were so volatile, and that price was set on a $1.30/euro exchange rate, and you saw the rate jump to $1.48/euro, at this point you're not that sorry...
Click to expand...

You must have one clever importer. We've never tried that racket.
Click to expand...
'
It would be easy to meet halfway, too.
 
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