NWR: Euro at $1.26 vs dollar today.

I hope it drops further before our scheduled sojourn to Paree in early July. Or at least before I have to pay the rest of the apartment deposit in Euros next week. Geronimo!
 
Dixit NYT:

It seems like only yesterday that European policy makers were gleefully watching the U.S. get its economic comeuppance, not appreciating the massive tidal wave coming at them across the Atlantic, said Kenneth Rogoff, a Harvard professor of international finance who also served as the chief economist of the International Monetary Fund. We should not make the same mistake.
 
originally posted by SFJoe:
Dixit NYT:

It seems like only yesterday that European policy makers were gleefully watching the U.S. get its economic comeuppance, not appreciating the massive tidal wave coming at them across the Atlantic, said Kenneth Rogoff, a Harvard professor of international finance who also served as the chief economist of the International Monetary Fund. We should not make the same mistake.
I get jittery watching the events play out in Europe I just hope cool heads preside. Hope old memories never come into play between countries.
 
originally posted by Lou Kessler:
Nervous time
originally posted by SFJoe:
Dixit NYT:

It seems like only yesterday that European policy makers were gleefully watching the U.S. get its economic comeuppance, not appreciating the massive tidal wave coming at them across the Atlantic, said Kenneth Rogoff, a Harvard professor of international finance who also served as the chief economist of the International Monetary Fund. We should not make the same mistake.
I get jittery watching the events play out in Europe I just hope cool heads preside. Hope old memories never come into play between countries.
Which memories?
 
originally posted by Tom Glasgow:
originally posted by Lou Kessler:
Nervous time
originally posted by SFJoe:
Dixit NYT:

It seems like only yesterday that European policy makers were gleefully watching the U.S. get its economic comeuppance, not appreciating the massive tidal wave coming at them across the Atlantic, said Kenneth Rogoff, a Harvard professor of international finance who also served as the chief economist of the International Monetary Fund. We should not make the same mistake.
I get jittery watching the events play out in Europe I just hope cool heads preside. Hope old memories never come into play between countries.
Which memories?
 
originally posted by SFJoe:
originally posted by Tom Glasgow:
originally posted by Lou Kessler:
Nervous time
originally posted by SFJoe:
Dixit NYT:

It seems like only yesterday that European policy makers were gleefully watching the U.S. get its economic comeuppance, not appreciating the massive tidal wave coming at them across the Atlantic, said Kenneth Rogoff, a Harvard professor of international finance who also served as the chief economist of the International Monetary Fund. We should not make the same mistake.
I get jittery watching the events play out in Europe I just hope cool heads preside. Hope old memories never come into play between countries.
Which memories?
Thanks, had no idea the VLM was from Eastern Europe. Everything is clear now.
 
originally posted by SFJoe:
originally posted by Tom Glasgow:
originally posted by Lou Kessler:
Nervous time
originally posted by SFJoe:
Dixit NYT:

It seems like only yesterday that European policy makers were gleefully watching the U.S. get its economic comeuppance, not appreciating the massive tidal wave coming at them across the Atlantic, said Kenneth Rogoff, a Harvard professor of international finance who also served as the chief economist of the International Monetary Fund. We should not make the same mistake.
I get jittery watching the events play out in Europe I just hope cool heads preside. Hope old memories never come into play between countries.
Which memories?

do you have the matrix for chambolle/vosne/nuits/gevrey/morey ?
 
originally posted by SFJoe:
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...

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

I thought currency betting was the only reason to be an importer. Same way retail is really just real estate. Including restaurants.
 
So I should be buying dollars now then, right? Wait, that's all I've got.

A few months ago I heard that Spain had the same amount of unsold housing inventory as the U.S., with 1/6 the population. And, of course, they're acting like things are business as usual.

When the fire sale begins there I might just show up and get that spot in the Costa Brava I've been thinking about...
 
originally posted by Chris Weber:
So I should be buying dollars now then, right? Wait, that's all I've got.

A few months ago I heard that Spain had the same amount of unsold housing inventory as the U.S., with 1/6 the population. And, of course, they're acting like things are business as usual.

When the fire sale begins there I might just show up and get that spot in the Costa Brava I've been thinking about...

So you should be taking advantage of the dip to buy Euros!
 
originally posted by VS:
originally posted by Chris Weber:
And, of course, they're acting like things are business as usual.
I see that the news is reaching the US shores ever faster and more accurately...


I'm really glad that Spain has done their best to jump out in front and implement some austerity measures.

However, to bristle at the suggestion that Spain was a big bubble on par with Florida or Arizona is to ignore facts.

I understand you are proud of your country's meteoric rise in the last quarter century, as you should be. It has been remarkable and a model for other countries in many ways. However, you also have to be aware that many outsiders are skeptical of the basic economic underpinnings, and not unreasonably so.

There are some of us who try to keep up with the goings on in Europe and who understand macro-economics.
 
This is all ebb-and-flow to me, like watching the tides come in...and go out. It means nothing. I'll still be buying wines as usual, maybe less, maybe more. For you folks on this board that have the means for European travel (and it seems about 98% of you), goforit and have a blast. I won't be able to afford it at any Euro discount. It really doesn't mean a thing.
 
originally posted by MarkS:
originally posted by VLM:
Capitulation?
1.238 as of right now.

...not yet

Euro_5-10_to_5-14.png
 
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