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2007-11-23 Europe

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Posted by Zhang Fei 2007-11-23 01:03|| E-Mail|| Front Page|| [11134 views ] Top

#1 The bill came to $21, fries included.

So he got skimmmed. Big deal!

Posted by twobyfour 2007-11-23 07:19|| 2007-11-23 07:19|| Front Page Top

#2 Maybe he should've ordered from the menu?

Posted by g(r)omgoru 2007-11-23 08:05|| 2007-11-23 08:05|| Front Page Top

#3 Ya, g(r)omgoru, DUH!

Posted by twobyfour 2007-11-23 12:43|| 2007-11-23 12:43|| Front Page Top

#4 it is about time the fed stopped policies that supported the world while our jobs vanished because it was too much to export-uncompetitive.....

Posted by dan 2007-11-23 13:26|| 2007-11-23 13:26|| Front Page Top

#5 Idgit shoulda gone to McD's. They exist in Prague. I'm sure the Big Mac Index hasn't collapsed.

Posted by Procopius2k 2007-11-23 13:28|| 2007-11-23 13:28|| Front Page Top

#6 Procopius2k, that woulda been so obvious! I mean, he needed to beat the greenback dog, so had to find a proper schtick.

Posted by twobyfour 2007-11-23 14:05|| 2007-11-23 14:05|| Front Page Top

#7 P: Idgit shoulda gone to McD's. They exist in Prague. I'm sure the Big Mac Index hasn't collapsed.

As of Nov 13, 2007:

Not an agreeable surprise for fast food lovers, however quite an objective economic indicator.

It results from the comparison made by Mf Dnes in the way set up by The Economist. The idea is to collect prices of Big Macs in different countries and use them as a base for estimation of exchange rates.

Ten years ago, Big Mac cost 51 CZK, which at that time when one dollar cost 27,60 CZK was about 1,85 $. In the US the 200g burger cost 2,36.

At the end of 2007, price of that mastodontic burger is 63 CZK. In the US it is, according to latest figures, 3,41 $, and as one dollar costs 18,30 CZK now, that makes 62,40 CZK apiece, less than in the Czech Republic.

We have caught up with the US in the price, but salaries are a different thing. A new employee of the CR branch of Mac Donalds earns 0,85 of Big Mac an hour, in the US it is for the same job 2,59 of the burger.

In other words, prices are higher in Czechia than in New York, but wages are lower. Like I said, the European currencies are on the verge of a major collapse. It's just a matter of a few years, if that.

Posted by Zhang Fei 2007-11-23 14:46|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2007-11-23 14:46|| Front Page Top

#8 Dumbass, now is the time to buy, when value is low, in a few years when the dollar rebounds, you could easily be a millionaire.
The best way is to take 1/2 your salary and buy dollars, do this each paycheck, store the actual dollars at home, wait.

Posted by Redneck Jim 2007-11-23 15:42|| 2007-11-23 15:42|| Front Page Top

#9 Yep, Redneck Jim, I am sitting on any USD I have and I am getting, tooth and nail. I don't have enough to become rich, but I am sure it will be counted one nice day.

Zhang Fei: Like I said, the European currencies are on the verge of a major collapse. It's just a matter of a few years, if that.

Yea, it is obvious, and few years is my guesstimate. What amazes me is that not many do see it.

Posted by twobyfour 2007-11-23 16:50|| 2007-11-23 16:50|| Front Page Top

#10 I call BS. Was in Prague a couple a months ago after the dollar had substantially moved against the Euro and the Crown. Stayed in a legitimate 4 star hotel for about $140/night, had an an outstanding romantic candlelight dinner for about $80 and had to spend some greenbacks the first day in town which were happily received.

The mind reels contemplating what kind of hotel you'd get for $140 a night in NYC.

Posted by Classical_Liberal 2007-11-23 22:38|| 2007-11-23 22:38|| Front Page Top

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