Who is taking bets on a 1,20 rate next month.
We are talking a whopping 40% difference since the lows in 2000 (.8381) In laymans terms (almost) That means European goods/travel have become 40% more expensive. And.... US goods have become 40% cheaper
1 posted on
05/19/2003 3:58:03 AM PDT by
OutSpot
To: OutSpot
Maybe not next month. But after the Fed cuts rates again, I could see 1.25 easily.
2 posted on
05/19/2003 4:07:50 AM PDT by
Beck_isright
(When Senator Byrd landed on an aircraft carrier, the blacks were forced below shoveling coal...)
To: OutSpot
I've heard people claim that the catalyst of this was driven by anti-Americanism in currency speculators.
Although no one intentionally loses money in that kind of market for politics, there's a background desire to invest in the currency of the organization that you favor that got the ball rolling in this direction.
3 posted on
05/19/2003 4:12:52 AM PDT by
elfman2
To: OutSpot
Also like 35% since even early last year, as I recall trading euro at like .863something.
To: OutSpot
We are talking a whopping 40% difference since the lows in 2000 (.8381) In laymans terms (almost) That means European goods/travel have become 40% more expensive. And.... US goods have become 40% cheaper Does it mean 40% difference in GDPs comparisons?
14 posted on
05/19/2003 8:01:34 AM PDT by
A. Pole
To: OutSpot; All
Freepmail me when you're ready to place a bet in the futures market. I'd love to be any Freeper's broker.
Risky and not for everyone.
To: OutSpot
This will mean more American jobs. It means our products are dheeper in Europe and theirs more expensive here. Travel there is more expensive.
Stay home this summer and help our economy. See the Grand Canyon or Yellowstone or Mt. Rushmore instead of France or Germany.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson