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SAMMYJS99
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Posted at 3:54 pm on Nov. 8, 2008 |
Quote: from Bobman21 at 3:04 am on Nov. 1, 2008
We're finally coming back to initial-pricing parity.
AKA inflation |
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Bobman21
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Posted at 12:04 am on Nov. 1, 2008 |
Quote: from Event Horizon at 12:03 pm on Oct. 28, 2008
Because we are in a major economic crisis. Not too long ago the euro was at and/or above 2:1 with the american dollar. To see the dollar actually INCREASING in value [or at least the euro decreasing] is surprising.
Never hit 2:1. The peak was around 1.6:1 dollar:euro. You can call that a petty difference, but that's a 20% difference.
in case u dont know, since the euro came to being on 1/1/2000, 1 euro is very close to how much the $1 is. 
In case you don't know, the euro was initially priced at around 1.1:1 dollars:euros. 2000's was a great time for the dollar, so we only got used to the idea of 1:1 but it was never intended to be so. We're finally coming back to initial-pricing parity. |
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Rodiggidy
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Posted at 12:15 pm on Oct. 28, 2008 |
| everyone's in economic crisis. |
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jamesish
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Posted at 9:30 am on Oct. 28, 2008 |
| Is is 2.248 good or bad? |
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easy
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Posted at 9:28 am on Oct. 28, 2008 |
| People exaggerate everything as being worse than it is |
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xoAllixs0n
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Posted at 9:11 am on Oct. 28, 2008 |
Quote: from Event Horizon at 12:08 pm on Oct. 28, 2008
Quote: from xoallixs0n at 12:04 pm on Oct. 28, 2008
It used to be double our dollar. How sad is that? Well, an economic depression will do that to you. 
?? I think you have it backwards... It's BAD when the euro is double the dollar, that means if you were to go to europe with $100, you'd be left with 50 euro. =bad. Economic crisis should decrease the value of the dollar, so that the euro was even MORE than our dollar, not let our dollar catch up, which is a good thing. 
Quote: from barnabas at 12:01 pm on Oct. 28, 2008 why are you surprised by that? Because we are in a major economic crisis. Not too long ago the euro was at and/or above 2:1 with the american dollar. To see the dollar actually INCREASING in value [or at least the euro decreasing] is surprising. This is what I meant. |
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Event Horizon
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Posted at 9:08 am on Oct. 28, 2008 |
Quote: from xoallixs0n at 12:04 pm on Oct. 28, 2008
It used to be double our dollar. How sad is that? Well, an economic depression will do that to you. 
?? I think you have it backwards... It's BAD when the euro is double the dollar, that means if you were to go to europe with $100, you'd be left with 50 euro. =bad. Economic crisis should decrease the value of the dollar, so that the euro was even MORE than our dollar, not let our dollar catch up, which is a good thing. |
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shadowpool
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Posted at 9:08 am on Oct. 28, 2008 |
| The Treasury went through 9 printing presses this year. They keep melting. Of course, the money is being hoarded by all our banks so they can last a few more days. There's probably going to be another rate cut today. We'll see the inflation in a year or so. |
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SAMMYJS99
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Posted at 9:07 am on Oct. 28, 2008 |
Quote: from Micus at 11:59 am on Oct. 28, 2008
I don't know why, but this figure is surprising.
in case u dont know, since the euro came to being on 1/1/2000, 1 euro is very close to how much the $1 is. |
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xoAllixs0n
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Posted at 9:04 am on Oct. 28, 2008 |
| It used to be double our dollar. How sad is that? Well, an economic depression will do that to you. |
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scalywag66
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Posted at 9:03 am on Oct. 28, 2008 |
| I thought a Euro was somewhere close to 2 dollars |
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Event Horizon
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Posted at 9:03 am on Oct. 28, 2008 |
Quote: from barnabas at 12:01 pm on Oct. 28, 2008
why are you surprised by that?
Because we are in a major economic crisis. Not too long ago the euro was at and/or above 2:1 with the american dollar. To see the dollar actually INCREASING in value [or at least the euro decreasing] is surprising. |
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barnabas
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Posted at 9:01 am on Oct. 28, 2008 |
| why are you surprised by that? |
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Kitty Kiska
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Posted at 9:01 am on Oct. 28, 2008 |
| Didnt the price of a dollar go up by 1% |
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Wii Tard
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Posted at 9:00 am on Oct. 28, 2008 |
$1.248? wouldn't it be $1.25 ? |
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