Where to change currency?
We had brought a double pram buggy with us for the children and were told that it would be waiting for us as soon as we got off the plane (which is normal for all airlines.) A buggy is considered to be like a wheelchair in that you are allowed to bring it all the way to the departure gate for collection and as soon as you arrive at your destination and leave the plane, it is always waiting for you outside
Source: Armenian Psalmist
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Wrong-way greenspan2005-03-28 14:24:28 by nobullnobear
Greenspan has a multi-decade history of being dead wrong at key economic inflection points, dating back to the 1970s.
Yes, he warned of irrational exuberance in the stock market in 1996, but did everything in his power to keep the bubble blowing by pouring tons of liquidity into the money supply during the Asian currency crisis of 1997, the LTCM crisis of 1998 and the faux Y2K crisis of 1999. Nor did he make any attempt to raise margin requirements to rein in wanton speculation. He marked the top on 3/6/00 (the same week the Nasdaq peaked at 5,100 with his speech before the Boston College Conference on the New Economy (excerpted):
In the last few years it has become increasingly clear that this business cycle differs in a very profound way from the many other cycles that...
Commercial real estate in free fall?2002-11-10 07:41:36 by sam_n
November 5 Fitch The number of defaulted commercial mortgage-backed securitizations (CMBS) loans with losses will increase in 2002 by over 100% and the severity of these losses will increase by at least 50%, according to a new report published today by Fitch Ratings. As of year-end 2001, the loss severity increased to 34% from 19% as of year end 2000. These data come from the latest Fitch CMBS loss study, which considers a universe of 28,116 loans in conduit, large loan, and fusion CMBS transactions rated by Fitch as of year end 2001 but excludes single borrower transactions. With fundamentals deteriorating in many real estate markets and a greater volume of loans in workout, Fitch expects losses will continue to rise during 2002.'
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MarketTicker on Cramer, NAR, BB and rising rates2007-09-27 15:21:48 by ElSid
"There is no way this ends well folks, and our government's unwillingness to defend its currency and the purchasing power of its citizens is going to result in very, very ugly effects on us - and soon.
August New Home Sales came in down 8.3%, more than expected, biggest drop in 37 years, and prices fell in the most in 4 decades! Wow - that sucks - severely! And guess what - its just starting!
"Sales of new one-family houses in August 2007 were at a seasonally adjusted annual rate of 795,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.3 percent (±12.4%)* below the revised July rate of 867,000 and is 21.2 percent (±9.0%) below the August 2006 estimate of 1,009,000."
Bank crisis hits Cyprus as government moves to part-nationalise Popular Bank — This is Money
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