Travel Budget, Money Matters, Financial Talk Mom, can I borrow ten grand?! Gimme yo mastercard! How the heck can I pay for my trip?! Ideas for making money. How much dough do I need?
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03-15-2004, 02:01 AM
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#1
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Admin
Join Date: Jan 2003
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Just an article that I spotted on CNN in regards to the weakend US dollar in Europe-
Won't be as cheap as it was....
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03-15-2004, 05:39 AM
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#2
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TPunk Emeritus
Join Date: Feb 2003
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"In February, the U.S. dollar plunged to its lowest level since the euro was introduced two years ago -- nearly $1.30 for one euro. Ouch! A year ago, you could buy a euro for about $1, and two years ago, a euro was about 85 cents."
Ah, this is why I'm going to a 4X ("ForEx" or foreign exchange) meeting tonight. Based upon the mismanagement of this country, overexpenditure on military (and other costs) and steadily declining economy - our greenback continues to tank in value. Meanwhile, the EU is becoming an economic powerhouse, as are emerging economies in India, China and Asia. Right now, the Chinese MB's is artificially depressed by the Chinese government. If they bump that pegged limit up, it will very likely immediately jump in value.
I want to get in before while it's still somewhat early! In real estate - location is everything. Well, in investing, timing is everything!
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03-15-2004, 08:03 PM
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#3
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TPunk Emeritus
Join Date: Dec 2003
Location: California
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Yeah I saw that article too. Quite disheartening. I knew the dollar was low, but not this bad, and 2 dollars to every one English pound? Thats horrible. Eastern Europe suddenly has newfound appeal.
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