Shadow 6,697 Posted January 24, 2015 Share Posted January 24, 2015 It appears the euro continues to slide... 1 euro could equal 1 dollar soon if not already. http://www.wsj.com/articles/as-euro-slides-strategists-cut-forecasts-1422045084 It's still a better idea to vacation in Costa Rica or other southern nations where the dollar has higher value. Euro trips are still pricy. Stand in the light, cast your shadow. Link to post Share on other sites More sharing options...
Luc 4,776 Posted January 24, 2015 Share Posted January 24, 2015 It appears the euro continues to slide... 1 euro could equal 1 dollar soon if not already. http://www.wsj.com/articles/as-euro-slides-strategists-cut-forecasts-1422045084 It's still a better idea to vacation in Costa Rica or other southern nations where the dollar has higher value. Euro trips are still pricy. Russia is the cheapest atm. Big Mac costs 1.13 there, compared to ~4.00 in the US and Europe. Link to post Share on other sites More sharing options...
Shadow 6,697 Posted January 24, 2015 Share Posted January 24, 2015 Russia is the cheapest atm. Big Mac costs 1.13 there, compared to ~4.00 in the US and Europe. Whoa, the cheapest Big Mac I've heard of. :eek: Is this a recent trend of their economy suffering or has it been like that for a while? Stand in the light, cast your shadow. Link to post Share on other sites More sharing options...
Luc 4,776 Posted January 24, 2015 Share Posted January 24, 2015 Whoa, the cheapest Big Mac I've heard of. :eek: Is this a recent trend of their economy suffering or has it been like that for a while? Their ruble declined like 100% last December due to the oil prices. Usually it woulf be 2.50$ or so. Link to post Share on other sites More sharing options...
Economy 52,844 Posted January 24, 2015 Author Share Posted January 24, 2015 Whoa, the cheapest Big Mac I've heard of. :eek: Is this a recent trend of their economy suffering or has it been like that for a while?their currency has collapsed be ause of low oil prices and to a degree also the sanctions as well Link to post Share on other sites More sharing options...
Luc 4,776 Posted January 24, 2015 Share Posted January 24, 2015 Already 100.000 job losses in the building sector in Moscow alone because of the recent recession in Moscow... Luckily it won't affect the Western World that much because they're already pretty much isolated and don't have that much trade with western countries anyways Time to cut in military spending, Vladimir :reductive: Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted January 24, 2015 Share Posted January 24, 2015 Putin is paranoid about US expansionism. He views military preparedness as leverage , plus a way for Russia to influence their neighbors as well as take control of them (Ukraine,Crimea). I hope the tensions don't escalate much more because ordinary people are the ones who will suffer. like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 52,844 Posted January 24, 2015 Author Share Posted January 24, 2015 Already 100.000 job losses in the building sector in Moscow alone because of the recent recession in Moscow... Luckily it won't affect the Western World that much because they're already pretty much isolated and don't have that much trade with western countries anyways Time to cut in military spending, Vladimir :reductive: Military is the biggest economic drain EVER!!! Overspending more than necessairy on it not only drains the budget but also takes away labor that could be productive in the private sector rather than being used up for something payed with tax payers money that does nothing for the people Putin is paranoid about US expansionism. He views military preparedness as leverage , plus a way for Russia to influence their neighbors as well as take control of them (Ukraine,Crimea). I hope the tensions don't escalate much more because ordinary people are the ones who will suffer. fine... Let them overspend in military while we crush them with further sanctions There economy will keep deteriorating as they devote resources they dont have into spending into something that isnt an investment They will only hurt themselves at the end :shrug: Link to post Share on other sites More sharing options...
Luc 4,776 Posted January 24, 2015 Share Posted January 24, 2015 Putin is paranoid about US expansionism. He views military preparedness as leverage , plus a way for Russia to influence their neighbors as well as take control of them (Ukraine,Crimea). I hope the tensions don't escalate much more because ordinary people are the ones who will suffer. The situation in East-Ukraine is escalating right now. It was pretty silent for like 4 months, but last week it suddenly all restarted. I think Putin sees the Greek elections (highly likely resulting in a majority for anti-EU parties) as an opportunity to cause protests and fear in Europe. But that's just my theory why does he suddenly send military troops, rockets and such to Ukraine this week after doing not so much for 4 months? Link to post Share on other sites More sharing options...
Economy 52,844 Posted January 24, 2015 Author Share Posted January 24, 2015 http://business.financialpost.com/2015/01/22/how-high-break-even-costs-are-challenging-new-oilsands-projects/?__lsa=c5d0-7d58 Canadian oil companies are finding ways to cost cut such as restructuring labor and firing ppl they dont really need... But one thing they arent cutting is new projects Speaks of how oil sands development is a really long cycle with each project yielding oil for 10-50 years depending on the project... Quote from Canadas largest oil company "Suncor":"why would we cancel the "Fort Hills" project or any other project for that matter? This is a 50 year project and its fate shoukdnt be determined by 1 cyclical downturn. We suspect during the projects life-time there will be multiple downturns." then they went on to say "if anything construction of new projects is best during slow downs because you can negotiate for better deals with contractors Seems like because of how long the cycle is for Canadas oil projects... Short term volatility does not matter in terms of production on projects because if something will yield for up to 50 years and even the shortest projects yield for 10 years, you wont be concerned about 2 year low prices over the duration of a projects life-time Production in Canada cannot boom as fast as in the US because tones of money and time is required to set up a new field project. But on the otherhand since existing projects yield for so long, low prices dot have any affect on production unless it persists for a very long time Link to post Share on other sites More sharing options...
Economy 52,844 Posted January 25, 2015 Author Share Posted January 25, 2015 k guys im off to Dominican Republic. i will resume updates when i come back yall feel free to post updates and discuss in the mean time :) Link to post Share on other sites More sharing options...
Luc 4,776 Posted January 25, 2015 Share Posted January 25, 2015 Elections won by Syriza in Greece... with ~35% of the votes, they're getting 149-151 seats in the Greek parliament out of 300 seats - the winner of the elections gets 50 free seats. Syriza wants to stop the cuts and 'renegotiate' with the ECB, IMF, EU. Second is New Democrats, with ~29% of the votes, a central-right party which basically helped Greece out of a recession with harsh cuts, tax hikes, etc. to lower the debt deficit and be able to negotiate for more loans with the IMF and ECB. Third is between neo-nazi/fascist party Golden Dawn and Potami, both with ~7% of the votes. Link to post Share on other sites More sharing options...
Computer 10,980 Posted January 25, 2015 Share Posted January 25, 2015 January 22nd: EU Finally Launches QE Programhttp://mobile.reuters.com/article/idUSKBN0KU2ST20150122?irpc=932Following the foot steps of the United States (who has now exited the program), as well as Japan (the Country that invented QE and is still doing it) the EU has finally began its ownThe EU will print 60 Billion Euros a month until at least September 2016 and will use it to purchase soverein debt to lower yields, as well as market assetsIt is hoped this will lift inflation, loosen up credit, and encourage consumption. 20% will be done by the ECB and 80% by each Countries own Central Bank I like this!I wonder if it's partly in response to the Swiss situation.Hope it helps things. 💚💛💕❣⭕💢💢 | ⓜⓔⓡⓡⓨ ©ⓗⓡⓘⓢⓣⓜⓐⓢ Link to post Share on other sites More sharing options...
Luc 4,776 Posted January 25, 2015 Share Posted January 25, 2015 I like this! I wonder if it's partly in response to the Swiss situation. Hope it helps things. It was already being hyped since like September Link to post Share on other sites More sharing options...
Economy 52,844 Posted January 26, 2015 Author Share Posted January 26, 2015 I like this! I wonder if it's partly in response to the Swiss situation. Hope it helps things.no its the other way around The Swiss ditched the peg because they anticipated the QE program Link to post Share on other sites More sharing options...
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