Posted on 03/12/2015 7:53:08 PM PDT by Lorianne
As analysts were waiting to see how fast the euro reaches parity against the U.S. dollar, one foreign exchange pro told CNBC he saw the common currency dropping even further, with the dollar strengthening another 20 percent.
George Saravelos, global co-head of FX research at Deutsche Bank, said the euro could fall to 85 U.S. cents against the greenback.
(Excerpt) Read more at cnbc.com ...
That’s good.
I want an Audi A6 TDI. Wait a few months, I can afford one.
They’ll practically be giving them away within a year or two!
I remember when the exchange rate was four German marks to the dollar. 1960s.
Better get an extended warranty on it. They start disintegrating pretty fast and have huge electrical problems these days.
Excellent. Let the Euro keep falling, there are many things for my Jag and made-in-Italy Honda that I need. :D
Audi just put a new engine in my A4 with 103K miles on it for damage caused by bad piston rings. I’m ahead of the game at present.
Besides how can several countries with independent fiscal needs share a common monetary force?
Especially when some of the members are PIGS. :)
I* want a new Colnago Dogma Master with Campagnolo Record EPS
But the price has to fall from $15K to about $3K
If you have a CVT in it, that’s probably going to crap out next.
Goodie. I will be there next month. Time to stock up on lederhosen and marzipan.
Cool, I am headed to Florence in June.
Great News!
America kicking a$$!
6 speed manual. I would never have auto if I had a choice.
It was 1.72 when I got there, in 1980. Many GIs were driving old clunker cars. When I left in 1984, it was 2.37, and the old clunkers had virtually disappeared from the Autobahns. Everyone seemed to remember the exchange rates when they arrived and when they left.
We went to Europe just before the Euro conversion and the Euro was valued at $0.50. It was like a half price sale everywhere we went.
I upgraded a room in a four star hotel in Amsterdam that I’d expected to pay $250/night for the highest grade room at the same price and they practically gave us the presidential suite. It was like a palace. They ironed the newspapers and we had a personal attendant.
On the other hand, what they regard as a four star hotel in Holland isn’t exactly the same as what Americans regard as a four star hotel in New York City. Great for Amsterdam, but hardly close to what London has to offer.
So do I, and Helles Beer was two Mark in Burghausen.
And more jobs will be going overseas to keep American products within reach for the rest of the world.
Watch the stock market go south.
“and have huge electrical problems these days.”
Always have. I remember my dad bought one in the mid-70s as a company car for long-haul travel . Absolute disaster from an electrical standpoint: the thing would just go completely dark and die on the highway over and over again no matter what the dealership did. He dumped it and went back to the tank-like Buicks and Oldsmobiles he favored then. So much for German “engineering”.
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