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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (70648)10/29/2007 6:40:29 PM
From: benwood  Read Replies (3) | Respond to of 116555
 
Sea Biscuit... so true. I've thought I should have started savings accounts in a few foreign countries for future visits (e.g. Canada, where the US cost is up 63% since my last visit in '02) and AU and maybe the UK. Instead, I waited and now the cost is rapidly approaching prohibitive. I'm beginning to see what it must have been like for many years trying to come to the US from one of those third world nations where it cost you a year's salary to spend even a few weeks here. How the tables are being turned my our DEMentedOCRACY



To: sea_biscuit who wrote (70648)10/30/2007 3:16:54 AM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
In that case, if I wanted a hotel room 2 years later, I am better off saving up in Euros, rather than in USD. That is the point.

You are assuming Euros rise for another two years vs the dollar. That is by no means a given. In fact I bet two years from now the dollar rises vs the Euro.

The Yen is another matter.
Mish


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