Comments on: In Opium We Trust? Pondering the Falling Dollar http://www.uncorneredmarket.com/2007/12/in-opium-we-trust-pondering-the-falling-dollar/ measuring the Earth with our feet... Thu, 23 May 2013 06:14:34 +0000 hourly 1 http://wordpress.org/?v=3.4.1 By: Daniel Noll http://www.uncorneredmarket.com/2007/12/in-opium-we-trust-pondering-the-falling-dollar/comment-page-1/#comment-300 Daniel Noll Tue, 11 Dec 2007 14:17:33 +0000 http://www.uncorneredmarket.com/2007/12/in-opium-we-trust-pondering-the-falling-dollar/#comment-300 Nicole: We remember those days. Well, maybe not Kc40 to $1, but about Kc 37 to $1. Then, we remember 30, then 25, then 23. At that point, I suggested to a Czech friend - to his surprise - that the dollar would easily go below 20 Kc. I'm not sure I expected it to go so quickly. At the moment, it's at Kc 17.7 to $1. The next question...an exchange rate of 15 Kc to $1? <p>I have also argued in passing conversation that the days of cheap Czech _______have long been over. Finally, the Fleet Sheet Final Word, a source that I respect <a href="http://www.fsfinalword.com/data/FW071211.pdf" title="in search of German prices" target="_blank">calls it like it is</a>.</p> Nicole: We remember those days. Well, maybe not Kc40 to $1, but about Kc 37 to $1. Then, we remember 30, then 25, then 23. At that point, I suggested to a Czech friend – to his surprise – that the dollar would easily go below 20 Kc. I’m not sure I expected it to go so quickly. At the moment, it’s at Kc 17.7 to $1. The next question…an exchange rate of 15 Kc to $1?

I have also argued in passing conversation that the days of cheap Czech _______have long been over. Finally, the Fleet Sheet Final Word, a source that I respect calls it like it is.

]]> By: Nicole http://www.uncorneredmarket.com/2007/12/in-opium-we-trust-pondering-the-falling-dollar/comment-page-1/#comment-295 Nicole Mon, 10 Dec 2007 02:52:02 +0000 http://www.uncorneredmarket.com/2007/12/in-opium-we-trust-pondering-the-falling-dollar/#comment-295 While I really, really miss traveling as we did when we lived in Prague, I definitely don't miss the vagaries of the exchange rates. Except for the all-too-brief halcyon days of Kc40 to $1 that we had for the first few months we lived in Prague, we spent the entire duration of our overseas life watching the dollar--and our salaries--fall. All I can think when I see reports about the crazy-strong euro, pound, and even crown is how much various staples in European life would cost now. Bakeshop Praha would be right out. Hell, even a Bohemia Bagel klubovy krocan is approaching $10. Oh, for a salary paid in euros right about now! While I really, really miss traveling as we did when we lived in Prague, I definitely don’t miss the vagaries of the exchange rates. Except for the all-too-brief halcyon days of Kc40 to $1 that we had for the first few months we lived in Prague, we spent the entire duration of our overseas life watching the dollar–and our salaries–fall. All I can think when I see reports about the crazy-strong euro, pound, and even crown is how much various staples in European life would cost now. Bakeshop Praha would be right out. Hell, even a Bohemia Bagel klubovy krocan is approaching $10.

Oh, for a salary paid in euros right about now!

]]> By: Daniel Noll and Audrey Scott http://www.uncorneredmarket.com/2007/12/in-opium-we-trust-pondering-the-falling-dollar/comment-page-1/#comment-294 Daniel Noll and Audrey Scott Mon, 10 Dec 2007 02:02:45 +0000 http://www.uncorneredmarket.com/2007/12/in-opium-we-trust-pondering-the-falling-dollar/#comment-294 Luiza and Chriss: Nice to hear from you. As we look out our window in Beijing, it is indeed snowing. Enjoy the warmth. libhomo: The topic of the falling US dollar is rather broad. The intent of our post is not to re-focus a political and economic discussion of its causes. There are plenty of sites and blogs out there that do that already. Our intent is to discuss the falling US dollar as it relates to our experiences and observations while traveling through places like Central Asia. Luiza and Chriss: Nice to hear from you. As we look out our window in Beijing, it is indeed snowing. Enjoy the warmth.

libhomo: The topic of the falling US dollar is rather broad. The intent of our post is not to re-focus a political and economic discussion of its causes. There are plenty of sites and blogs out there that do that already. Our intent is to discuss the falling US dollar as it relates to our experiences and observations while traveling through places like Central Asia.

]]> By: libhomo http://www.uncorneredmarket.com/2007/12/in-opium-we-trust-pondering-the-falling-dollar/comment-page-1/#comment-293 libhomo Sun, 09 Dec 2007 15:51:46 +0000 http://www.uncorneredmarket.com/2007/12/in-opium-we-trust-pondering-the-falling-dollar/#comment-293 It seems odd to read a discussion of the falling dollar that fails to mention two of the main causes of the debt explosion that is causing the greenback to sink. 1) The hugely expensive war in Iraq. 2) Bush's massive tax cuts for the rich. It seems odd to read a discussion of the falling dollar that fails to mention two of the main causes of the debt explosion that is causing the greenback to sink.

1) The hugely expensive war in Iraq.

2) Bush’s massive tax cuts for the rich.

]]> By: Luiza and Chriss http://www.uncorneredmarket.com/2007/12/in-opium-we-trust-pondering-the-falling-dollar/comment-page-1/#comment-291 Luiza and Chriss Sun, 09 Dec 2007 13:38:10 +0000 http://www.uncorneredmarket.com/2007/12/in-opium-we-trust-pondering-the-falling-dollar/#comment-291 Have a nice, lazy time in Beijing, guys. Is it snowing there? We have tropical atmosphere here, not without christmas tree on every corner, from at least two weeks already:) take care Have a nice, lazy time in Beijing, guys. Is it snowing there? We have tropical atmosphere here, not without christmas tree on every corner, from at least two weeks already:)
take care

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