www.CostaRicaTicas.com

but he has an incredibly sexy wife. IMO

_________________
Pura Vida
Only Irish coffee provides in a single glass all four
essential food groups:
alcohol, caffeine, sugar and fat.
Alex Levine

ID--- did you miss the part about 126 million!!!!!!
I bet you could get one too!!

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Never trust anything that bleeds 3 to 5 days and doesn't DIE.

Did you miss the part where that reference was to someone other than Greenspan?

YMMV. He did not misinterpret the reference.

_________________
Pura Vida
Only Irish coffee provides in a single glass all four
essential food groups:
alcohol, caffeine, sugar and fat.
Alex Levine

Perhaps not your reference to his sexy wife, but the reference to $126M was about Robert Rubin.

Which he received as compensation in his 8 year tenure as a Director of Citigroup. Now what relevance that has to the exchange rate in CR baffles me. As matter of fact what relevance to Alan Greenspan does it have?

_________________
Pura Vida
Only Irish coffee provides in a single glass all four
essential food groups:
alcohol, caffeine, sugar and fat.
Alex Levine

None at all, but we do seem to have threads go off on tangents...

Perhaps Greenspan’s only influence on the price and stability of the dollar, and its value of trade against the currency of foreign nations including Costa Rica's Colon, is the fact that he was chairman of the board for so long and, as any other chairman “emeritus”, has a fading bully pulpit. He contributes an historical perspective that has some, perhaps un-measureable, influence on the current chairman and board. His longevity increased the power of his statements but as time marches on that power is diminishing rapidly.

I think Greenspan had impact on Costa Rica. The housing bubble's effects can be seen all over Jaco, at least. I'm not 'economist' enough to put together a long-winded, complicated explanation but my intuition says that his actions had impact here even on the exchange rate, since half of the equation is the value of the US dollar.

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"The only normal people are those you don't know very well." Joe Ancis

I'm not any genius or claim to be able to fathom the intricacies of monetary policy, but I had 12 years in consumer and mortgage lending in the 80's & early 90's and it didn't take a genius to know that there were silly lending practices going on. I anticipated the recession because the housing and mortgage markets were flat. What I didn't know was the insanity going on on Wall Street. Fortunately a friend who was working on currency transfer from the US to CR warned me, so I protected my investiments in time.

We avoided the collapse of the currency, and now are paying the price. Who knows how things will shake out.

Regarding the exchange rate, I benefit because I resell in CR, and much of my merchandise is priced in colonies, but purchased in $$$$. I read a couple of things that says that Banco nacional uses a market-based approach to exchange rates, but I don't know how they do it, or even understand it.

Today's La Nación has a rather extensive article (http://www.nacion.com/2010-05-03/Economia/NotaPrincipal/Economia2352490.aspx) detailing how the lower exchange rate has resulted in lower prices (in colones) for many goods and services in CR. Included are such things as the price of a new Toyota, ICE's internet service, the delivery charges for a book ordered from Amazon and the price of gasoline. According to the article, all these items are cheaper now (again, in colones) as a direct result of the falling dollar. The article is seriously deficient, however, in that it fails to address the effect of the falling dollar on the price of chicas falling to their knees for a nice bbjcim.

Last week,however, I informed one of my regulars that she would be receiving c5000 less for our normal three hour session due to the changes in the exchange rate. She called me this morning, just after I had read the article in the paper, to ask when we would be getting together this week.

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It's faster horses, younger women, older whiskey, and more money--Tom T. Hall
No man is a failure who is enjoying life--William Faulkner

Interesting... the rate is up to 525 from 503 in one day.

The Euro is takning lots of people buying $$$$$ so the $ is going to start rising again.... Not good....

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"THE TRUTH IS' EVERYBODY IS GOING TO HURT YOU. YOU JUST GOTTA FIND THE ONE WORTH SUFFERING FOR"
Robert Nesta Marley

Now at 535

Maybe not good for you but great for us in CR whose income is in $.

_________________
Pura Vida
Only Irish coffee provides in a single glass all four
essential food groups:
alcohol, caffeine, sugar and fat.
Alex Levine

Amen ID, also good for tourists coming down with dollars


BKTUNA/Boyd
I am never going home

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BKTUNA/Boyd
I am never going home