SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : SiliconInvestor All Stars Forum -- Ignore unavailable to you. Want to Upgrade?


To: maceng2 who wrote (1366)9/14/2007 11:34:34 AM
From: SouthFloridaGuyRead Replies (2) | Respond to of 1718
 
Yea, I've seen it around. I'm sure there is more than one. I like to compare coffee with coffee, hamburgers with hamburgers. So Starbucks, McDonalds, etc.

I can find you relatively "cheap" (but still expensive to what is relatively cheap here) Lebanese food on Edgware Road, but it's not indicative of average prices.

If you use Supermarket prices (cost of a bagel, can of Coke, etc.) I've come to the conclusion that London is about 33% more expensive than NY.

This is not fiction, when Londoners fly to NY to buy stuff and it's basically pays for the flight and then some, one knows something is wrong (maybe you don't because you are arguing the point that London is not wildly expensive, but maybe you are delusional).

That puts fair value on the pound around $1.70, which makes sense to me.

2:1 has never lasted and I don't think it will this time either.