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FIB
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Quote: from Mr Alan on 8:44 am on Oct. 8, 2007
For example, the unemployment rate in France is almost twice that of the US.
And this has been the case for years, even decades, whether the Euro (or Franc before the switch to Euro) was strong or weak. So, wrong example to illustrate your point.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 8:52 pm on Oct. 7, 2007
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Mr Alan
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Quote: from FIB on 10:01 pm on Oct. 7, 2007
And this has been the case for years, even decades, whether the Euro (or Franc before the switch to Euro) was strong or weak. So, wrong example to illustrate your point.
Yes, and that is primarily becasue France has very strict laws about layoffs and firings, which discourages companies from hiring in the first place.
But I presume that the current value of of the Euro has made unemployment even worse that it would be otherwise, or at least that is the suggestion of the person who wrote the AP news story.
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 9:42 pm on Oct. 7, 2007
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DaffyDuck
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Quote: from Mr Alan on 11:51 am on Oct. 8, 2007
But I presume that the current value of of the Euro has made unemployment even worse that it would be otherwise, or at least that is the suggestion of the person who wrote the AP news story.
As FIB pointed out, 'wrong example', just because the author of the article labors under the same misconception you do, does not make for a valid cause and effect example.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 10:06 pm on Oct. 7, 2007
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expatchuck
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All imports to the US cost more in US dollars now than they did before the fall of the dollar. As the article says, the US is the largest market the EU has and this fall in the dollar has a direct bearing on how much items cost in US dollar terms.
I wonder if Airbus is feeling any impact as a result of the fall? Perhaps fewer sales from American airlines? Boeing must be happy.
Even small cans of tuna made in Thailand will cost more in US dollar terms than before.
Don't kid yourselves. The fall of the dollar has a direct impact on what items made in Europe and elsewhere cost in the US.
Unemployment in France is not a good gauge. They don't want to work anyway.
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 11:03 pm on Oct. 7, 2007
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Mr Alan
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Quote: from DaffyDuck on 11:15 pm on Oct. 7, 2007
As FIB pointed out, 'wrong example', just because the author of the article labors under the same misconception you do, does not make for a valid cause and effect example.
I partially quoted a news story above from by the Associated Press, who is covering a meeting of European Union finance ministers in Brussels this week. The news story is based on what people at the meeting told the reporter (s).
Perhaps you don't think that the Associated Press has reliable and accurate reporting, but I tend to think the news story is an accurate portrayal of what the ministers are concerned about at the meeting and what they told the reporter.
I don't quite see how it is a misconception that when the value of a currency rises, it makes exports more expensive, and reduces employment at home. That is why Thailand is always complaining about the high value of the baht and why China keeps the Yuan artificially low. They want to increase employment by making their exports more attractive.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 11:24 pm on Oct. 7, 2007
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Mr Alan
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Quote: from expatchuck on 12:12 am on Oct. 8, 2007
I wonder if Airbus is feeling any impact as a result of the fall? Perhaps fewer sales from American airlines? Boeing must be happy.
Yes, Boeing has been doing very well with the fall of the US dollar. Its stock price has tripled in the last 5 years. When an airline buys planes at $150 million each, a 40% reduction in the value of the dollar compared to the Euro (over the last few years) makes it hard for Airbus to compete.
Airbus has lowered prices somewhat to be competitive, but that makes their profit margins much smaller (or even non-existent) compared to before, even when they do get an order.
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 11:34 pm on Oct. 7, 2007
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FIB
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Quote: from Mr Alan on 1:33 pm on Oct. 8, 2007
Quote: from DaffyDuck on 11:15 pm on Oct. 7, 2007
As FIB pointed out, 'wrong example', just because the author of the article labors under the same misconception you do, does not make for a valid cause and effect example.
I partially quoted a news story above from by the Associated Press, who is covering a meeting of European Union finance ministers in Brussels this week. The news story is based on what people at the meeting told the reporter (s).
Perhaps you don't think that the Associated Press has reliable and accurate reporting, but I tend to think the news story is an accurate portrayal of what the ministers are concerned about at the meeting and what they told the reporter.
Unfortunately for you, the example you used is not part of the news story. YOu brought it yourself. The AP news story you quoted partially is available fully here. Anybody reading it will see that at no point the dispatch mentions French unemployment as a consequence of the weak dollar nor does it mention it ever at all.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 2:09 am on Oct. 8, 2007
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DaffyDuck
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Quote: from Mr Alan on 1:33 pm on Oct. 8, 2007
I don't quite see how it is a misconception that when the value of a currency rises, it makes exports more expensive, and reduces employment at home. That is why Thailand is always complaining about the high value of the baht and why China keeps the Yuan artificially low. They want to increase employment by making their exports more attractive.
No one questioned that conclusion, rather I agree with FIB that the example of France (which you, not the article, chose) was poorly chosen (by you), for the reasons given... That's all.
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Thai Girls : Meet Active Thai Girls
Posted on: 2:53 am on Oct. 8, 2007
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Mr Alan
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Quote: from DaffyDuck on 4:02 am on Oct. 8, 2007
No one questioned that conclusion, rather I agree with FIB that the example of France (which you, not the article, chose) was poorly chosen (by you), for the reasons given... That's all.
The article in part says:
"Europe is starting to feel the bite as the U.S. dollar plummets, making French wine, Italian fashion and German cars expensive purchases for the EU's main export market in the United States."
That is where I got France.
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Thai Women : Meet Matured Thai Women
Posted on: 3:39 am on Oct. 8, 2007
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DaffyDuck
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Yeah, dude, you are trying DESPERATELY to fish for relevance between what you quoted and what you posted.
That is calling 'reaching' (and I would add 'desperately reaching').
Going from 'making French wines (..) expensive purchases for the EU's main export market in the United States' to 'For example, the unemployment rate in France is almost twice that of the US' is quite a stretch, particularly when the article did not make any such conclusions - and if you did, then FIB's original counter-argument still stands, stating that it was a poorly chosen example by you.
You can, of course, just walk away from this...
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 8:44 am on Oct. 8, 2007
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