kuma Posted April 10, 2015 Share Posted April 10, 2015 Looks like the euro is really tanking and going into the drink. So much for the vaunted euro. Can't wait to land in any one of those countries and start spending on smokes using the ol' "green back". The euro was way to high and could not sustain that ungodly high level (130). I'm sure it will drop even further as more and more of the weak countries get exposed further in terms of bad financial management. Certain countries are living well beyond their means and this will only add to the many other problems Europe has. 1 Link to comment Share on other sites More sharing options...
Popular Post Smallclub Posted April 10, 2015 Popular Post Share Posted April 10, 2015 Can't wait to land in any one of those countries and start spending on smokes using the ol' "green back". You can't use a foreign money in tobacco retails in most euro countries… I won't comment your in-deep economic "analysis"… 8 Link to comment Share on other sites More sharing options...
Popular Post El Presidente Posted April 10, 2015 Popular Post Share Posted April 10, 2015 Looks like the euro is really tanking and going into the drink. So much for the vaunted euro. Can't wait to land in any one of those countries and start spending on smokes using the ol' "green back". The euro was way to high and could not sustain that ungodly high level (130). I'm sure it will drop even further as more and more of the weak countries get exposed further in terms of bad financial management. Certain countries are living well beyond their means and this will only add to the many other problems Europe has. Nice to see that the printing of Trillions of dollars now passes as solid economic management There is always a price to pay. You either pay for it now or later.....but you will pay. It does not matter what the country/region is. 12 Link to comment Share on other sites More sharing options...
Habana Mike Posted April 10, 2015 Share Posted April 10, 2015 Nice to see that the printing of Trillions of dollars now passes as solid economic management There is always a price to pay. You either pay for it now or later.....but you will pay. It does not matter what the country/region is. Yes, I expect us Yanks will be seeing a payday soon enough. China will want to collect one day. No ROTFLOL here..... Link to comment Share on other sites More sharing options...
Popular Post santela Posted April 10, 2015 Popular Post Share Posted April 10, 2015 One American to another... I'm not sure if we are in a position to crap on other countries' "bad financial management"... 13 Link to comment Share on other sites More sharing options...
NMJoe Posted April 10, 2015 Share Posted April 10, 2015 Yes, I expect us Yanks will be seeing a payday soon enough. China will want to collect one day. No ROTFLOL here..... And that's no 1 Link to comment Share on other sites More sharing options...
kuma Posted April 10, 2015 Author Share Posted April 10, 2015 The price of goods and services will allow the dollar in Europe to go further after the conversion rate. I think states payed a price a few year back and made some changes that was realistic. Again cwertain countries in Europe won't are are unwilling to make any changes. They want to keep their status quo which is driving them into the swamp. Right pay now or pay later and it looks as if certain few in Europe want to pay later or not at all! Link to comment Share on other sites More sharing options...
JohnS Posted April 10, 2015 Share Posted April 10, 2015 What has history taught us about Governments printing too much money to solve financial problems? Well...Weimar Republic 1920s, Great Depression 1930s, Adolf Hitler 1940s. That's right friends...military involvement is one sure way to right financial problems. Sadly, I add, there's always a cost to bear. Link to comment Share on other sites More sharing options...
Popular Post Carpenter69 Posted April 10, 2015 Popular Post Share Posted April 10, 2015 Europe just needs to pull an " Obama". Just pump your economy full of funny money. Then you can fine citizens for not having health insurance and give free health care to illegal aliens and career welfare recipients. 5 Link to comment Share on other sites More sharing options...
Popular Post Habana Mike Posted April 10, 2015 Popular Post Share Posted April 10, 2015 Ermmm, (while in agreement), perhaps getting a little too close to US political discussion.....just sayin' 6 Link to comment Share on other sites More sharing options...
polarbear Posted April 10, 2015 Share Posted April 10, 2015 Maybe we should make "Obama" a banned word around here It seems to start too many arguments 2 Link to comment Share on other sites More sharing options...
Hash Posted April 10, 2015 Share Posted April 10, 2015 The weak euro reflects the weakness in the european economies, but the strong dollar does not necessary reflect a strong US economy. 1 Link to comment Share on other sites More sharing options...
Olga Posted April 10, 2015 Share Posted April 10, 2015 Why is dollar written in capital and euro not? Anyway, I think some need an thorough Econ crash course. The currency market doesn't work like a football game. Link to comment Share on other sites More sharing options...
El Presidente Posted April 10, 2015 Share Posted April 10, 2015 The weak euro reflects the weakness in the european economies, but the strong dollar does not necessary reflect a strong US economy. Strong currencies are a twin edged sword, particularly when the strength is artificially engineered. Good = Strong currencies developed via strong current account, low/no debt, good balance. Bad = Strong currencies developed via low interest rates and pump priming + interest rate increase speculation. In effect you dangle the carrot of cheap money only to delay the pain of increased interest rates upon a population borrowing cheap money that they cannot afford in normal circumstances. The above is way too simplistic. There is a myriad of micro/macro economic fundamentals at play and each country has a different mix. For the US however there is a concern. The growth in exports/manufacturing gets pummeled by a high $ and lower domestic growth due to higher interest rates in the coming years. Confidence takes a significant hit. back to square one. We all need a strong Europe/US/China. No one can go it alone. 4 Link to comment Share on other sites More sharing options...
Lotusguy Posted April 10, 2015 Share Posted April 10, 2015 Maybe we should make "Obama" a banned word around here It seems to start too many arguments I'm all for that - automatically delete every post with that word in it since it always is bashing in one direction or another. Link to comment Share on other sites More sharing options...
Smallclub Posted April 10, 2015 Share Posted April 10, 2015 Why is dollar written in capital and euro not? just an element of the condescending tone… Link to comment Share on other sites More sharing options...
khomeinist Posted April 10, 2015 Share Posted April 10, 2015 just an element of the condescending tone Please tell me you weren't expecting a thoroughly balanced discussion of this topic on a cigar board? The most important internet maxim? Don't feed the trolls. Link to comment Share on other sites More sharing options...
TheMunt Posted April 10, 2015 Share Posted April 10, 2015 Hang the sense of it and keep busy ! - Wise man to young man Link to comment Share on other sites More sharing options...
wabashcr Posted April 10, 2015 Share Posted April 10, 2015 I'm not sure the dollar could ever be strong enough to offset tobacco taxes in other countries. Unless you're after rare/special/aged boxes, there will still be better options than going abroad to buy cigars. Good time to travel otherwise, though. Of course Europe has some problems contributing to a lower euro. But we (the US) are $18 TRILLION in debt, and keep printing money. Our house isn't exactly in order, either. The US, China and Europe all depend on each other economically. So it's not in anyone's interest to see any of them fail. The provincial nature of economic discussions is becoming more and more outdated everyday. 2 Link to comment Share on other sites More sharing options...
Lotusguy Posted April 10, 2015 Share Posted April 10, 2015 I'm still shopping in Europe like crazy - that's all I know 1 Link to comment Share on other sites More sharing options...
topdiesel Posted April 10, 2015 Share Posted April 10, 2015 I'm still shopping in Europe like crazy - that's all I know +1 People get so emotional about their money and monetary policy. Right now, for the next 10 seconds, the dollar is stronger than it used to be. I am not in a position to change that, so I will just surf the wave for now and enjoy the ride. All the major currencies get their turn. Link to comment Share on other sites More sharing options...
FLB03TT Posted April 10, 2015 Share Posted April 10, 2015 I'm not sure the dollar could ever be strong enough to offset tobacco taxes in other countries. Unless you're after rare/special/aged boxes, there will still be better options than going abroad to buy cigars. Good time to travel otherwise, though. Of course Europe has some problems contributing to a lower euro. But we (the US) are $18 TRILLION in debt, and keep printing money. Our house isn't exactly in order, either. The US, China and Europe all depend on each other economically. So it's not in anyone's interest to see any of them fail. The provincial nature of economic discussions is becoming more and more outdated everyday. Best house in a bad neighborhood pretty well sums up the USD relative strength against the EURO. The US Treasury will be tightening short term rates sooner than the ECB because our economic crisis is further in the rear view mirror than Europe's. Put another way, the US entered their economic downturn before Europe entered their's and is further along on the path to recovery- it's really all about economic cycles. Put yet another way, the US stopped loosening economic policy before the ECB, which just recently announced another round of economic stimulus (read- money printing.) The anticipation of the US raising interest rates before the ECB is the main driving force in the current USD strength vs. the Euro. Additionally, the USD has softened recently against the EURO. Perhaps the USD got a little ahead of itself. Link to comment Share on other sites More sharing options...
Lotusguy Posted April 10, 2015 Share Posted April 10, 2015 It's back down to $1.06 Link to comment Share on other sites More sharing options...
malba2366 Posted April 10, 2015 Share Posted April 10, 2015 This goes to show that you can't bet against the dollar for long and win! US interest rates are still hovering at all time lows, and the dollar is still so strong. The US can get away with printing tons of money because there is an unending demand for dollars as the US dollar is needed to purchase oil from OPEC nations. This was an ingenious deal Richard Nixon negotiated with the Saudis whereby the US protected Saudi Arabia, and the Saudis only accepted US dollars for their oil. 1 Link to comment Share on other sites More sharing options...
Cmontoya79 Posted April 10, 2015 Share Posted April 10, 2015 Europe just needs to pull an " Obama". Just pump your economy full of funny money. Then you can fine citizens for not having health insurance and give free health care to illegal aliens and career welfare recipients.you do realize that immigrants do not qualify for benefits right? No citizenship = not eligible. You do know that many vets are on welfare right? Don't you think the vets have earned those benefits? Sent from my iPhone using Tapatalk 2 Link to comment Share on other sites More sharing options...
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