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Well, We're Here -- 2 dollars to the pound

Well, We're Here -- 2 dollars to the pound

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Old Feb 9th 2004, 7:07 am
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Exclamation Well, We're Here -- 2 dollars to the pound

Allow me to state the obvious: 2 USD = 1.07644 GBP
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Old Feb 9th 2004, 7:10 am
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Your point being? Believe it or not, a weaker dollar can actually boost the economy.
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Old Feb 9th 2004, 10:33 am
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Originally posted by Jabba1
Your point being? Believe it or not, a weaker dollar can actually boost the economy.

Hopefully it can boost the texan twat out of the whitehouse too !
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Old Feb 9th 2004, 12:16 pm
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Hum, where exactly did you get this data from? According to ft.com its still at $1.85.
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Old Feb 9th 2004, 12:16 pm
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Originally posted by Jabba1
Your point being? Believe it or not, a weaker dollar can actually boost the economy.
a weak dollar is great news for US exports

China manipulates its currency against the dollar ... along with several other countries, about time the US returned the favor and worked to stop the export of jobs out of the US.
 
Old Feb 9th 2004, 12:50 pm
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Originally posted by Expat_Wannabe
Hum, where exactly did you get this data from? According to ft.com its still at $1.85.

I think that's what Jaytee was saying. 1.0764 pounds x $1.85 = $2.00 (approx).
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Old Feb 9th 2004, 12:57 pm
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A weak dollar is not good for all the ex-pats (me being one of them) who have to send money back to the UK every month.
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Old Feb 9th 2004, 1:06 pm
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Originally posted by dunroving
I think that's what Jaytee was saying. 1.0764 pounds x $1.85 = $2.00 (approx).
still got 8% to fall yet! bit early, but won't take long! interesting article in The Economist this week, which amongst other things said that if the Asian banks stopped intervening and buying up all the treasurey bonds (Japan bought $67bn worth in January alone and Asian buying funded half of the current account deficit in 2003), then the $ might very well crash! Have to wait and see what happened at the G7 talks and if Japan are that desperate to keep the Yen competitive.
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Old Feb 9th 2004, 1:42 pm
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It's a uniquely good time to be thinking about buying the right property in the States. With the upward trend in UK interest rates, I think we're likely to see a peak in the exchange rate some time in the spring or summer.

It's also a pretty good time to be going to the States on holiday.
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Old Feb 9th 2004, 1:47 pm
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Originally posted by jemetpl
It's a uniquely good time to be thinking about buying the right property in the States. With the upward trend in UK interest rates, I think we're likely to see a peak in the exchange rate some time in the spring or summer.

It's also a pretty good time to be going to the States on holiday.
Did you see the article in The Sunday Times property section? All about buying a property in the U.S. or Caribbean. Must say a small place in the Bahamas looks good when you consider what you can get for the same money here in London!
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Old Feb 9th 2004, 1:53 pm
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It's pretty easy I think to buy property here if you get an American mortgage. It's a different story if you want a loan here. Even for a thousand dollar loan they don't seem to want to lend you the money here in Georgia.

Last edited by Supergirl; Feb 9th 2004 at 2:24 pm.
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Old Feb 9th 2004, 1:57 pm
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Originally posted by Supergirl
It's pretty easy I think to buy property here if you get an American mortgage. It's a different story if you want a loan here. Even for a thousand dollar loan they don't seem to want to lend you the money here in Georgia.
Is it because of the credit history thing? I guess at least with a house they have some kind of insurance! Are houses a lot cheaper in general in America? I know that in LA (where my other half lives) they are a comparable price to London places.
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Old Feb 9th 2004, 2:01 pm
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Around this part of Georgia (the Atlanta area) houses seem to be around $250,000 for a decent three/four bedroomed house, depending on area.
But......and here's a big but, all the houses here are sheds. This means that they are built out of what looks like chip board held together with a couple of nails. We do get tornados in this area, and it's heart braking to think that you could spend so much money on a shed that will blow down.
In fact I've heard about people accidentally getting shot whilst inside their own home because the walls are just a piece of wood.
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Old Feb 9th 2004, 2:16 pm
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Originally posted by Supergirl
Around this part of Georgia (the Atlanta area) houses seem to be around $250,000 for a decent three/four bedroomed house, depending on area.
But......and here's a big but, all the houses here are sheds. This means that they are built out of what looks like chip board held together with a couple of nails. We do get tornados in this area, and it's heart braking to think that you could spend so much money on a shed that will blow down.
In fact I've heard about people accidentally getting shot whilst inside their own home because the walls are just a piece of wood.

I'm looking at Florida where they have hurricanes!!
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Old Feb 9th 2004, 2:18 pm
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I think that Georgia has hurricanes sometimes but we've been pretty lucky since we've been here.
We did have one tornado last year that came within 2 miles of our apartment.
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