Economy

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mwagee
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Economy

Post by mwagee » Wed Sep 17, 2008 5:07 pm

Hope everyone is doing well these days.

With the economy the way it is, has anyone's mtg budget been feeling the pinch lately?

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magic-belgium
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Post by magic-belgium » Wed Sep 17, 2008 8:00 pm

It looks things have changed a lot recently.

Many collectors are selling hot stuff or their complete collection. And since people don't have the money prices are not so high...

Bad times for some collectors I think.

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l0qii
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Post by l0qii » Wed Sep 17, 2008 8:11 pm

Selling has certainly taken a dip in the US, but is it the same everywhere else?

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magic-belgium
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Post by magic-belgium » Wed Sep 17, 2008 8:25 pm

Looks like there is another tendency : European buyers.

The higher the €, the higher the prices in $ for rare stuff.

$ is going up again. I could bet the Alphas and Betas will go down in the next weeks and months.

So, MTG = oil = €

High € = high oil = high MTG

Let's see if I am right in the next months...

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agzz
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Post by agzz » Wed Sep 17, 2008 8:26 pm

No loans and not much invested so I dont bother with that bit.

Not many big collectors in sweden and the big-for-sweden ones is 20-25-ish and in about my situation i guess.

random
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Post by random » Wed Sep 17, 2008 10:03 pm

Things sell for less but you can also buy cheaper so it's relative.
I think that the bubble is going to burst very soon as far as other economies taking advantage of the American present weakness. My worst competition right now is from Australians but I recently got the good news that they're having some economic troubles (thank God) and I'll hopefully make my move in the near future against them =P~

I always do better when everyone else is struggling. Story of my life...

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magic-belgium
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Post by magic-belgium » Thu Sep 18, 2008 7:36 am

Can you explain why Australians are competitors ?

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fvzappa
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Post by fvzappa » Thu Sep 18, 2008 8:06 pm

The Australian dollar is a bit stronger compared to the American. Its almost even now.

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magic-belgium
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Post by magic-belgium » Thu Sep 18, 2008 8:44 pm

ok

random
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Post by random » Fri Sep 19, 2008 12:16 am

It was too strong for about 1+ year >:-(

Looks like things are hitting the fan over there as well now though :-D

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Post by random » Fri Sep 19, 2008 12:28 am

Can you explain why Australians are competitors ?
The downside of living out here is that everyone else wants to live here. Not you maybe but we have a tremendous population of immigrants in SoCal. If everyone who wasn't born here all of a sudden dissapeared It would probably be a scene like "28 Days Later" or something... The upside is that most of the people don't have a lot of $$$ so they get exploited (they do the yardwork and work at the fast food places and stuff). Pacific Regional powers invest heavily here when they have a good economy and it kills us (people who do what I do) when our economy isn't doing well. The last time this happened was with Japan in the 80's. Australians were crushing me and my friends for quite awhile and it was getting pretty ugly :-\ This probably makes little to 0 sense and I think you maybe have to live out here to understand...

I think all our MTG budgets will be feeling the pressure in the next few years :wink:

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magic-belgium
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Post by magic-belgium » Fri Sep 19, 2008 8:25 am

It is quite complicated, but I'd like to understand though as economical aspects interest me a lot.

Who is pressuring you to do what ?

mwagee
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Post by mwagee » Tue Oct 07, 2008 12:39 am

the s*** is really hitting the fan now guys

i hope everyone has been safe from the financial turmoil thats been roiling the markets lately.

best of luck to everyone in these troubled times

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agzz
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Post by agzz » Tue Oct 07, 2008 1:03 am

Have a friend who moved to Iceland about a year ago, they are hit pretty hard. The Icelandic króna lost 25% against the euro TODAY! Has lost about 70% in a year. Almost like Zimbabwe! :-O

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Apocalypse2K
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Post by Apocalypse2K » Tue Oct 07, 2008 10:07 am

Euros are dropped 20.00 against Japanese Yen in recent two weeks.

If you live in Europe, Japanese cards price goes high...

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