Saturday, January 24, 2015

ECB QE

Telling point about FLG.   Obviously, he pays attention to the currency markets and he knew the ECB was expected to announce quantitative easing.    He also knew that this would drive the euro down against the dollar.   FLG's first thought?  Time to order shoes.  160 euros minus VAT is 132 euros.   132 euros is less than a $150.  Full grain leather, goodyear welted shoes for less than $150?   Yeah, gonna take advantage of that.

If the exchange rate stays this low for a bit, FLG might even buy these.

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