Pete is absolutely right. As a stock trader, I sit here all day long just
glued to the market. The exchange rate is going to get worse (from the
foreign point of view) before it gets better. So the prices of the rice
burners is only going to go up.
73 de Gary, AA2IZ
----- Original Message -----
From: <AC5E@aol.com>
To: <tentec@contesting.com>
Sent: Monday, March 10, 2003 3:49 PM
Subject: Re: [TenTec] Misc. Orion comments
> Well, before anyone gets too exercised about Japan Inc cutting prices,
this
> morning's exchange rate was just over 116 yen to the buck. That compares
to
> 137 just last fall.
>
> At that rate it would have taken $1460 to buy a 200,000 yen radio a few
> months ago. Today it takes $1720 to buy the same 200,000 yen rig.
>
> The exchange rate is expected to continue to drop, raising the US prices
on
> import items and lowering the price on our exports. That's good if you
want
> to keep your job, and bad if your only interest is the cheapest rig
possible.
>
> But if the exchange rate continues to drop it's a major disaster for
> YaeComWood because it reduces their sales, and gives American companies a
> chance to enter the market.
>
> 73 Pete Allen AC5E
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