Klarinet Archive - Posting 000290.txt from 2007/09

From: Christopher MacIver <revicamc@-----.com>
Subj: Re: [kl] EURO vs. US Dollar
Date: Sun, 30 Sep 2007 10:08:33 -0400


--- Jim & Joyce <lande_family@-----.net> wrote:

> Walter wrote:
> > Here's something real to be concerned about.
> > The Euro is now worth $1.4219.
> > On June 12, it was $1.3295
> > On January 1, 2006 it was $1.1842.
> > From Jan 1, 2006 to Sept 28, 2007, that means a
> 20%
> > increase in the value of the Euro, or from the US
>
> > perspective, a 20% drop in buying power.
>
> Concerned, yes. Surprised, No. The massive tax
> cuts
> of several years ago, combined with a war financed
> with
> debt, has been the fiscal equivalent of simply
> printing
> money. Eventually it moves the exchange rates.
> Changes in
> the exchange rate represents a hidden tax increase
> -- a tax
> on everything we import. Didn't your congressman
> explain this?
>

When I went to Germany on a band trip during Spring
Break - 2002, The Dollar was worth slightly more than
the Euro. The Euro appreciated steadily until the
French people voted to refuse to ratify something
about the EU, when it dropped for a while. If in
2008-2009 we have adults running the White House, look
for the Dollar to appreciate, look for the value of
the 30yr bond to appreciate, and look for interest
rates to drop. My Opinion.

Luggage? GPS? Comic books?
http://search.yahoo.com/search?fr=oni_on_mail&p=graduation+gifts&cs=bz

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