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Thread: Holy moly....the euro is TOAST!

  1. #1
    Join Date
    Dec 2009
    Location
    Madison, WI
    Posts
    206

    Holy moly....the euro is TOAST!

    Just a heads up for anyone who has any need to buy anything from Europe: The Euro is, at the moment, toast. If you need to buy anything from Europe, the current $1.19 to one euro exchange rate means you'll be getting an unusually good price - compared to the usual exchange rate of about $1.50 to one euro, it's like getting a 20% off coupon for the entire continent of Europe.

    Now, if you'll excuse me, I'm off to go bid on some stereo equipment on eBay.co.uk.

  2. #2
    Join Date
    Dec 2006
    Location
    Toronto, Canada
    Posts
    276
    Thanks, I need to order some scooter parts from Austria.

  3. #3
    Join Date
    Dec 2009
    Location
    Madison, WI
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    206
    Quote Originally Posted by Ed Thomas View Post
    Thanks, I need to order some scooter parts from Austria.
    Austria makes scooter parts?

    In any case, you're probably in for a heck of a deal. Odds are that the enthusiast forums for any Euro-centric luxury goods - high-end moped carburetors, for example - are being flooded with product which no one has money to buy. Combine this with the weak euro, and you can save big.

    Some people would probably refer to me as a "vulture capitalist" for this sort of thing. That said, I have cooler toys than they do, and no debt, so I say they're just jealous. :P

  4. #4
    Join Date
    Oct 2006
    Location
    Tokyo Japan
    Posts
    15,807
    I've been moving all of our investments out of the Euro for some time now, my friends thought I was nuts sticking to the US dollar, but that is what I've done and boy am I glad I did it.
    The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
    William Arthur Ward

  5. #5
    We were in Ireland in Feb and it was truly sad to see how that country was in such dire straits...and that was when the Euro was strong. When I came back to the US I wanted to slap people that were whining how bad the economy is here...its not that bad comparatively.

    I had a chance to talk to a lot of farmers over there and they are losing their quota/subsidy system which will not bode well for Ireland farmers I am afraid. It will be good for US farmers because we are far less subsidized and thus can begin to compete again...but a lot of small farms there will go under in the deal.

    Sad no matter what part of the pond you are on I guess.
    I have no intention of traveling from birth to the grave in a manicured and well preserved body; but rather I will skid in sideways, totally beat up, completely worn out, utterly exhausted and jump off my tractor and loudly yell, "Wow, this is what it took to feed a nation!"

  6. #6
    Join Date
    Dec 2006
    Location
    Toronto, Canada
    Posts
    276
    Quote Originally Posted by Joseph Shaul View Post
    Austria makes scooter parts?
    Makes , but they do have what I need. I have a '61 Allstate Compact which is a re-branded Puch DS60, made in Austria.

  7. #7
    Join Date
    Jun 2008
    Location
    GTA Ontario Canada
    Posts
    12,264
    Hey Travis, good to see you around again. Missed your posts and info on farming. I been having withdrawals.
    cheers

  8. #8
    Hey Rob thanks...too many sheep and not enough time..........to do woodworking that is (just to clarify).

    I got the itch to do some woodworking this rainy weekend, BUT everything is dull, not working or cannot be found. Guess its back to finding lamb chops and wool.
    I have no intention of traveling from birth to the grave in a manicured and well preserved body; but rather I will skid in sideways, totally beat up, completely worn out, utterly exhausted and jump off my tractor and loudly yell, "Wow, this is what it took to feed a nation!"

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