Klarinet Archive - Posting 000436.txt from 1999/07

From: John Dablin <johnd@-----.com>
Subj: Re: [kl] Buffet E 11
Date: Thu, 15 Jul 1999 11:13:07 -0400

Don Yungkurth wrote:-
> I can't speak for today's prices in the UK, but when I worked in England
> from 1979 - 1981, it cost about two US dollars to buy one British pound,
> which, in turn, would buy about the same as one US dollar would back home
> in the "colonies". My interpretation of this was that the system in
> England was a sellers' market, whereas it was a buyers' market in the
> States.
It's still largely true, although the exchange rate is nearer $1.55
today. It's particularly noticeable with computer hardware and
software, and books. However, these cushy profits are under threat
because with the Internet and credit cards it's getting easier all the
while to buy direct from the USA, which not only undermines the monopoly
but also exposes the price differentials. We live in hope...
--
John Dablin
Aylesbury UK

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