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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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Thats my man....Jack!
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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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"Heeeeeere's Johnnnnnnnny......................."
Prestidigitator and Economist = Synonym. With many of Mexico's largest companies "jip dip" in derivatives I can only wonder how this influences the
stock market, and tipo de cambio internacional...
The slightest burp never mind upchuck and money flows northward like geese in March. € problems in Greece? hasta la vista baby. Small refinery fire in
Aruba? Adiooos. A healthy banking and reserve system does not support or endorse such volatility.
Fascinating. Like I said before.
A Lot To See And A Lot To Do
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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 momento:
12.6999
"YOU CAN'T LITTER ALUMINUM"
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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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Chip Chip Chip Hammer Hammer...
All That New Billions Flowing In From Food And Medicine Taxes
"Give Us Enough Time We Can Spend Enough Of Your Money For The Good Of Us All!"
[img]http://www.xe.com/gen/charts/images/large/MXNUSD.png?1309181559[/img]
A Lot To See And A Lot To Do
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bajagrouper
Senior Nomad
Posts: 964
Registered: 8-28-2003
Location: Rincon de Guayabitos, Nayarit, Mexico
Member Is Offline
Mood: happy and retired
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At this moment:
12.9687
I hear the whales song
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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:
13.1327
"YOU CAN'T LITTER ALUMINUM"
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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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I must be missing something....last nite when I went to bed, I had 2900 pesos in my wallet..checked this morning and it was the same..shoulda been
more right?
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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| Quote: | Originally posted by chuckie
I must be missing something....last nite when I went to bed, I had 2900 pesos in my wallet..checked this morning and it was the same..shoulda been
more right? |
No telling what might happen while you're passed out on a bus stop bench. 
"YOU CAN'T LITTER ALUMINUM"
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline
Mood: Full Time Residents
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I took money out of the atm last Friday...
after all the fees I got 12.49
not too bad
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Bajajorge
Ultra Nomad
Posts: 2604
Registered: 10-13-2005
Location: Topaz Lake, NV/San Felipe
Member Is Offline
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As the exchange rate fluctuates the restaurants have got to go into their vast menu files to keep up with all the price changes.
Why do Liberals insist and demand that achievers pay the way for nonachievers who are to lazy to succeed, or are just failures by their own choice?
Criminals prefer unarmed victims, dictators prefer unarmed subjects.
Why do ignorant people continue their blabbering when it only proves to others how stupid they are.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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| Quote: | Originally posted by Bajajorge
As the exchange rate fluctuates the restaurants have got to go into their vast menu files to keep up with all the price changes. |
Menu prices only change in one direction.
"YOU CAN'T LITTER ALUMINUM"
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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
Member Is Offline
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I am not too sure how the short term changes in the USD/MXN rate in favor of the USD affects the Mexican restaurant owners' one way or another, unless
the prices of certain restaurant expenses change in the short term together with changes in the USD/MXN rate.
I suppose, even if restaurant operating expenses didn't go up, they may need to up their prices to generate more profits to cover their personal
living expenses that my include commodities that do follow the USD/MXN fluctuations.
OR
Simply to garner more profits if most of their customers are Americans who will pay higher prices as the exchange rate favors the USD.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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| Quote: | Originally posted by MitchMan
I am not too sure how the short term changes in the USD/MXN rate in favor of the USD affects the Mexican restaurant owners' one way or another,
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It probably wouldn't unless they relied on goods imported from the states. Then, it would have an effect. Imported goods in stores here have
fluctuating prices, but as I mentioned, they only seem to fluctuate upward. It's rare to see the peso price drop.
"YOU CAN'T LITTER ALUMINUM"
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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:
13.25
"YOU CAN'T LITTER ALUMINUM"
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
Member Is Offline
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Now it's 13.24
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shari
Select Nomad
Posts: 13047
Registered: 3-10-2006
Location: bahia asuncion, baja sur
Member Is Offline
Mood: there is no reality except the one contained within us "Herman Hesse"
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thanks for the heads up....I am actually liking my new DOLLAR account now as it means I can deposit dollars and then wait for the exchange rate is
more favorable to transfer money to my peso account...silver lining eh!
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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| Quote: | Originally posted by Bajaboy
Now it's 13.24 |
Holy Cow. It's all over the board.
What may be a good point for the US economy would be if the treasury printing presses were shut down on furlough. Of course, it's probably easier to
just deny those blown up kids from Middle East Hell their disability payments. They don't need any money anyway since they can't even walk into a
store to spend it. 
"YOU CAN'T LITTER ALUMINUM"
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
Member Is Offline
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by Bajaboy
Now it's 13.24 |
Holy Cow. It's all over the board.
What may be a good point for the US economy would be if the treasury printing presses were shut down on furlough. Of course, it's probably easier to
just deny those blown up kids from Middle East Hell their disability payments. They don't need any money anyway since they can't even walk into a
store to spend it. |
Oh just wait until the default...all because a few cry babies can't handle the fact that a law was passed.....and upheld
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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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Unless the Chinese insist on continuing to peg the Renminbi exchange rate (in other words devalue) against other world currencies, the dollar based US
economy is going to go into hyperinflation inside 3-years. Some of you were not old enough to remember the heyday of Whip Inflation Now, when gasoline
went from .35 cents a gallon to more than a dollar a gallon in just a few years.
Mexico IS NOT INEXPENSIVE NOW. The surcharge of 11% IVA on groceries and medicines means that EVERYTHING now is taxed. Prices go up, wages go up, and
no way in hell is Baja California inexpensive anymore. The Mexicans are taking it in the butt. Manuel caused billions of dollars in damage and the
federal PRI government goes online, texting my cellphone, newspapers, radio ASKING FOR DONATIONS. Right after the tax on food and medicine went into
effect.
Yeah and for all intents and purposes Pemex premium costs 12.00 pesos a liter now. Three dollars fifty cents a gallon, and Magna and diesel is not far
behind. My family is crying for me to come back to Michoacan, they cannot make it. God help the suckers who voted the PRI back into office. They have
screwed every Mexican.
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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It is unconscionable that an 11% tax hit on food and medicines. Unbelievably regressive and hurtful to the bottom 98%, especially the poor and to the
whole economy.
It seems to me that the Mexican wealthy class sends their kids to US Ivy League schools, those kids go back to Mexico with cushy jobs in the Mexican
government with a USA college diploma in hand and NO EXPERIENCE, then they start making stupid laws with either ignoring basic macroeconomics or
worse, cavalierly ignoring it.
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