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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (70644)10/29/2007 4:56:23 PM
From: Tommaso  Read Replies (1) of 116555
 
"If hotel rooms were quoted in Euros, rates would drop as the value of Euros rose vs. the dollar."

Hotel rates ARE quoted in euros in most of Europe and the rates have not dropped as the value of the euro increased. There are probably hotels in New York City that do quote their prices in euros if you want them to.

But I do not have time to research this, or to restate the law of gravity, or prove the Pythagorean theorem, or advance an argument that Homer is a famous poet or take a survey to find out whether sugar is sweet or not.
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