Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 07-11-2007, 07:20 PM   #21
Recycles dryer sheets
 
Join Date: Jun 2007
Posts: 377
Quote:
Originally Posted by Andy R View Post
I saw the dollar drop 17% during my trips to Brazil since January 2006. Add inflation and the overall cost to live there went up nearly 25%.

The currency I find most interesting is the Norwegian Kroner. They have an amazing economy (driven by oil reserves), a small population to take care of, low corruption and huge surpluses of cash.
They just had a article on drudge today how 1 in 86 of them are US millionaires and that does not include real estate values.
__________________

__________________
Bigritchie is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-11-2007, 07:23 PM   #22
Recycles dryer sheets
 
Join Date: May 2007
Posts: 290
Quote:
Originally Posted by MasterBlaster View Post
If you have the guts to really make a killing here, borrow money in Japan where interest rates are around 1 percent. Then take that borrowed money and invest in Icelandic Krona (or other currencies) that pay ~11 percent or so.

That's what the carry-traders do. And they have done very well so far.
That's effectively what I do, though I just consider it diversification. If I happen to be getting a boost from the carry trade for now, great, but I do expect it all to unwind (any day now... as I have been thinking for years now...). Which probably won't be fun, but I plan to keep buying through the dip, same as with stocks.
__________________

__________________
bpp3 is offline   Reply With Quote
Old 07-12-2007, 04:52 AM   #23
Recycles dryer sheets
 
Join Date: Mar 2006
Posts: 91
its around 3.00 per pint over here now - approx six dollars - scandelous isnt it?
__________________
claire is offline   Reply With Quote
Old 07-21-2007, 02:51 AM   #24
Recycles dryer sheets
 
Join Date: Jun 2007
Posts: 316
Jeez, seems like yesterday that my Canadian Loonie was at just 65ish cents to the US greenback. Now, thanks mainly to a crazy oil boom it's at about 95.5 cents.

It has been said and calculated that $90 oil will bring parody. When that day arrives, and assuming that the housing disaster in the U.S. continues its downward slide, I believe that it would signal the perfect storm for lots of Canadians looking to shed their scarfs and mittens and buy up Florida and Arizona property. Anyone teaching courses on how to operate an air conditioner?
__________________
Grizz is offline   Reply With Quote
Old 07-24-2007, 11:55 PM   #25
Dryer sheet wannabe
Basenji's Avatar
 
Join Date: May 2007
Posts: 15
Quote:
Originally Posted by claire View Post
its around 3.00 per pint over here now - approx six dollars - scandelous isnt it?
Seems like it was just yesterday that we were paying 90p for a pint (ok, it was 1984-85), and with 1=$1 to $1.10, we were downing dollar pints. Woohoo!
__________________
Basenji is offline   Reply With Quote
Old 07-25-2007, 01:25 AM   #26
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Location: North of Montana
Posts: 2,753
Quote:
Originally Posted by Grizz View Post

I believe that it would signal the perfect storm for lots of Canadians looking to shed their scarfs and mittens and buy up Florida and Arizona property. Anyone teaching courses on how to operate an air conditioner?
+38C (99F) here in Canuckistan yesterday. Had to get the instruction book out.
__________________

__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
kumquat is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 08:15 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.