Summer in Europe won't come cheap! - TravelPUNK Backpacker College Student Budget Travel Message Boards!



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Old 03-15-2004, 03:01 AM   #1
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Just an article that I spotted on CNN in regards to the weakend US dollar in Europe-

Won't be as cheap as it was....
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Old 03-15-2004, 06:39 AM   #2
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"In February, the U.S. dollar plunged to its lowest level since the euro was introduced two years ago -- nearly $1.30 for one euro. Ouch! A year ago, you could buy a euro for about $1, and two years ago, a euro was about 85 cents."

Ah, this is why I'm going to a 4X ("ForEx" or foreign exchange) meeting tonight. Based upon the mismanagement of this country, overexpenditure on military (and other costs) and steadily declining economy - our greenback continues to tank in value. Meanwhile, the EU is becoming an economic powerhouse, as are emerging economies in India, China and Asia. Right now, the Chinese MB's is artificially depressed by the Chinese government. If they bump that pegged limit up, it will very likely immediately jump in value.

I want to get in before while it's still somewhat early! In real estate - location is everything. Well, in investing, timing is everything!
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Old 03-15-2004, 09:03 PM   #3
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Yeah I saw that article too. Quite disheartening. I knew the dollar was low, but not this bad, and 2 dollars to every one English pound? Thats horrible. Eastern Europe suddenly has newfound appeal.
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