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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by MitchMan
shared by many. |
Could we have their name/s, please? 
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
Member Is Offline
Mood: Weary
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Dennis, DavidE, Kilroy... True believers...
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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A Lot To See And A Lot To Do
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
Member Is Offline
Mood: Weary
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OK
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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OK
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
Member Is Offline
Mood: Weary
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okx2
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LancairDriver
Super Nomad
Posts: 1592
Registered: 2-22-2008
Location: On the Road
Member Is Offline
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| Quote: | Originally posted by chuckie
I watch my money too,but cant get emotional about something I cant control..Last Thursday I bought 10,000 pesos (ATM) I just looked and have 7, 641
left....How did all the jiggery pokery in the peso market affect me? It seems not a dollars worth....ERGO: I dont care... |
Wow! All of this high dollar currency trading may attract the attention of the IRS. I guess a few dollars rubbing off of nothing equals nothing. Maybe
Mulege will be the next wall street. So right, who cares?
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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At this moment:
13.0975
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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At this moment:
13.2675
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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It is truly interesting to note that currencies like the Guatemalan Quetzal are not affected by such things as unrest in the middle east, US Reserve
bank interest policy or the Chinese Renminbi Yuan. Near civil war in Egypt? The Brotherhood may be burning but the Egyptian Pound is as stable as the
Pyramids of Giza.
Greece needs Euro Lube but the Mexican Peso is a flaky as the promise of mañana.
Remember the hundred billion dollar peso reserve fund is administered by vetted Chanecos. Raul Salinas de Gotari came out of the last meltdown just
fine. What's your excuse? (Americans living in Mexico December 22, 1994)
A Lot To See And A Lot To Do
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
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Mood: Weary
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All computer generated hyperbole.....
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
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Mood: thriving in Baja
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DENNIS would like to buy you dinner here
Bob Durrell
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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Ahhhhsooooo....
The renegade Peso as we twiddle our chopsticks:
12.9710
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
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Mood: Weary
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LOVE IT  And lets not forget the Drachma, holding its own against the Kroner...(on Tuesdays)
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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Ooooooooo Multi-Syllables! Impressive!
| Quote: | Originally posted by chuckie
All computer generated hyperbole..... |
Like bank statements, compound interest, adjustable rate mortgages. Com-pooter-generated Hippo-Bibber-Lay
A Lot To See And A Lot To Do
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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
Member Is Offline
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Currency exchange rates vary due to many variables, most are actually logical determinants and parameters (AKA, fundamentals), others are arbitrary.
The fact that currencies are international commodities makes it really hard to get a handle on short term trending. It's the arbitrary variables that
really screw up the works such as currency brokers (and by extension, currency markets) dumping or buying to clear the internal trades based on what
they (the brokers) can do to maximize their own commissions. Also, institutional large block trading where they can influence the market (both short
term and longer tem) based on their own holdings and internal analyses.
The giant problem for you and me or any small trader is the ability to gather ALL the info at any one moment in time that actually produces a
directional change in a given exchange rate. Impossible, actually. As far as I am concerned, it's a massive crap shoot.
Currencies are not the only commodity where the above is true (IMHO). Look at the price of gasoline in Southern California. I have rarely if ever
seen anything like the current circumstance where the going price of Cheveron 87 octane dropped to $3.89/gal USD (4 days ago) and the price of crude
hiking up to $106 USD per barrel at the same time. I did a study last year on the price of gasoline and barrels of oil and there are so many real
variables that go into the pricing, it would make your head spin. Many of the real and logical factors are absolutely unknown by 99.999% of people on
the street.
Things are complicated in reality...makes it very easy for powerful interests (with access to great financial resources, experienced experts, and
"real and pertinent info") to manipulate and/or exploit the situation. It's the American way...and...it's all legal.
Lastly, but certainly not least, is the fact that market function gets screwed up by differences in important pertinent knowledge between market
participants. It's called "asymmetry of knowledge" in the market place and when that happens, markets will not work the way that classic economic
theory has defined them to work.
[Edited on 8-23-2013 by MitchMan]
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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My interest is not about "how many pesos i can get for a dollar" but about the background volatility (or not) of a country's currency. Why exactly is
Mexico's currency so volatile as compared to 95% of the world's other currencies. It is fascinating to speculate as to the reasons why.
Speculation is skewing economics to the point where sooner or later it is going to cause a massive "correction" which is going to hurt a lot of
innocent people. Darwinism economics is not my forté.
A Lot To See And A Lot To Do
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
Member Is Offline
Mood: Weary
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If all the economists in the world were laid head to toe, they would never reach a conclusion....
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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Ooooooo I LIKE that one.
A Lot To See And A Lot To Do
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wessongroup
Platinum Nomad
Posts: 21152
Registered: 8-9-2009
Location: Mission Viejo
Member Is Offline
Mood: Suicide Hot line ... please hold
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"they would never reach a conclusion...."
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