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Author: Subject: Peso Lighter?
vgabndo
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[*] posted on 8-13-2011 at 03:33 PM


You misunderstand...Beercan is never wrong.



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Bajahowodd
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[*] posted on 8-13-2011 at 04:05 PM


Quote:
Originally posted by vgabndo
You misunderstand...Beercan is never wrong.



:lol::lol:

Some you folks must remember back to the time when they fundamentally knocked some zeros off the peso in a massive devaluation.

For several years thereafter, there were some unscrupulous merchants who slipped old pesos into their change given back.

That said, even as S&P pulled that political dirty trick on the US, there was a massive worldwide move into US Treasuries. What does that say?

I do recall when the Euro was established. It was on a one to one with the dollar. I have witnessed exchange rates above $1.50 in my travels over the years.

I also encountered the curious reality that the British Pound was stronger than the Euro. Scratch my head over that.

Just seems to me that international currency traders influence exchange rates more than what's happening on the ground.

[Edited on 8-13-2011 by Bajahowodd]
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