The Magic Librarities

Along to Chris2 (she's a banker and credit representative so I quite trust her ) 1 Euro will be 1,1 USD soon, so when you want to buy something overseas it's better to do it now...
I personally REALLY hope that she's wrong, since I buy all my comics in the US

Chris

Hi,

should make Spiel interesting this year.

Dealers from Europe, Uk and USA.

The prices in Euros.

Theres going to be a lot more of a differential in prices this year, i think.

Cheers,
karen
House Atreides - www.hacards.com

equi-nox76 wrote:Along to Chris2 (she's a banker and credit representative so I quite trust her ) 1 Euro will be 1,1 USD soon, so when you want to buy something overseas it's better to do it now...
I personally REALLY hope that she's wrong, since I buy all my comics in the US

Chris

I won't worry about the euro falling to that level anytime soon. It is in the US' interests to keep the USD lower than the EUR due to its large current account deficits. That's the same reason the USD has been falling against the JPY, as are most other major currencies. The EUR's weakening has a lot to do with negative economic growth, and while the general concensus is that it will continue falling (as well the GBP and CHF) against the USD, it is impossible to tell what spot rate it will settle at -- too much depends on monetary policy announcements.

A small tip: Whatever the trend is with the sterling currency pair, expect it to happen for the EUR as well.

On the bright side, oil prices will decrease with the rising USD, and inflation woes should subside.

Following the problems in the sub-prime lending market in America and the run on Northern Rock in the UK, uncertainty has now hit Japan.

In the last 7 days Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank announced plans to cut some of its branches.

Yesterday, it was announced that Karaoke Bank is up for sale and will likely go for a song while today shares in Kamikaze Bank were suspended after they nose-dived.

While Samurai Bank are soldiering on following sharp cutbacks, Ninja Bank are reported to have taken a hit, but they remain in the black.

Furthermore, 500 staff at Karate Bank got the chop and analysts report that there is something fishy going on at Sushi Bank where it is feared that staff may get a raw deal.

I was quite amazed to see so much Euphoria in the last days.

One thing is for sure, those who have the funds can speculate like hell and make TONS of cash.

magic-belgium wrote:One thing is for sure, those who have the funds can speculate like hell and make TONS of cash.

Or lose it.

house_atreides wrote:Following the problems in the sub-prime lending market in America and the run on Northern Rock in the UK, uncertainty has now hit Japan.

In the last 7 days Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank announced plans to cut some of its branches.

Yesterday, it was announced that Karaoke Bank is up for sale and will likely go for a song while today shares in Kamikaze Bank were suspended after they nose-dived.

While Samurai Bank are soldiering on following sharp cutbacks, Ninja Bank are reported to have taken a hit, but they remain in the black.

Furthermore, 500 staff at Karate Bank got the chop and analysts report that there is something fishy going on at Sushi Bank where it is feared that staff may get a raw deal.

I was laid off for three months (New Home Construction) and finally found a job in a different field. Now I worry about my wife who's in banking. And Wachovia on top of that.

Oh the rollercoaster of life.

Looks like the Crisis is far deeper than what they expected.

One brilliant economist Jacques Attali predicted this crisis several years ago, and predicted it would happen now. The consequences will be huge... and this is just the beginning.

ugh

1USD : 1.29 Euros today

i never thought my dollars would be worth so much.

anyone seeing an effect when they try to buy imported goods?

Since most of my MTG shopping is in the US, it's a disaster for me.

I recently did not buy a nice mint set because of the exchange rate-
First thought: oh that is a good price , second thought (after realizing that the exchange rate is not 1,6 anymore): forget it
He did not sell the set with "buy it now" even for this fantastic USD-price, because usually they get sold to European buyers LOL
I wrote to the seller that I will buy as soon as the Dollar is down again :-)
Chris

mwagee wrote:ugh

1USD : 1.29 Euros today

i never thought my dollars would be worth so much.

anyone seeing an effect when they try to buy imported goods?

It's not THAT bad yet! It's exactly the other way around : 1 Euro = 1.29 Dollars, although today, it's actually 1 Euro = 1.28 Dollars (1 USD = € 0,78)

oops, good catch

If it is useful to you guys, I can provide some weekly EURUSD charts and some basic technical analysis to show where the euro is likely headed. I actually specialise in the GBPUSD pair, but the EURUSD pair is correlated enough that I should be able to do a pretty decent job at least.