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Euro tanking vs. dollar

Discussion in 'NBA Dish' started by SamFisher, Aug 13, 2008.

  1. SamFisher

    SamFisher Member

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    Down from 1.60 to 1.48 in a month - wonder if this will touch off reverse flood of players fleeing to the US given that Josh Childress just lost a not-insubstantial sum of his net worth.
     
    #1 SamFisher, Aug 13, 2008
  2. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    josh childress is broke now!!

    he will be crying to george bush to let him back in the country!
     
    #2 robbie380, Aug 13, 2008
  3. Blake

    Blake Member

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    VSPAN

    That is all
     
    #3 Blake, Aug 13, 2008
  4. SamFisher

    SamFisher Member

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    That $2 million he just lost would have purchased a lot of hair picks.
     
    #4 SamFisher, Aug 13, 2008
  5. K LoLo

    K LoLo Member

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    Mistake me if I'm wrong...but isn't he still making more than he would have been in America...the dollar is still much lower...and the Euro and USD fluctuate all the time...
     
    #5 K LoLo, Aug 13, 2008
  6. SamFisher

    SamFisher Member

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    Yes but we should only pay attention when they're at a historic divergence and then pretend like it will stay that way forever!
     
    #6 SamFisher, Aug 13, 2008
  7. DaDakota

    DaDakota Balance wins
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    I always wondered why the Euro was so strong when combined they have more debt than we do.

    I understood the English pound doing so well, but never could understand the Euro.

    DD
     
    #7 DaDakota, Aug 13, 2008
  8. blender

    blender Member

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    Maybe Childress specified that he'd be paid in dollars at the currency exchange rate at the time of the signing of the contract.

    At least that's what I'd do if I were him.
     
    #8 blender, Aug 13, 2008
  9. JuanValdez

    JuanValdez Member

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    It doesn't matter until he repatriates his money.
     
    #9 JuanValdez, Aug 13, 2008
  10. Uprising

    Uprising Member

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    I think it's the time where Europe is going to feel some of the pain from the economic slow down. It happend to economies all over the world it seems, except places like Saudi Arabia for given reasons....

    The US felt the slowdown already, and the economy and Dollar value seems to be on the rise. The Euro is starting to feel the pinch.
     
    #10 Uprising, Aug 13, 2008
  11. Laozi

    Laozi Member

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    yeah, if things get bad enough the Euro teams could just renege on the contracts, no biggie
     
    #11 Laozi, Aug 13, 2008
  12. bucket

    bucket Member

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    They've had much higher interest rates than the US for a while.
     
    #12 bucket, Aug 13, 2008
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