Pacific Peso takes a pounding

Bob Connor · Post by **Bob Connor** » Wed Oct 08, 2008 5:40 pm

15% in a week. Unbelievable.

It was at .87c when I left for the States two and a half weeks ago. Now at .68.

Allen · Post by **Allen** » Wed Oct 08, 2008 6:09 pm

If all that wood has gone through on the credit card, then your laughing Bob. If not then I hope you've got a good bottle of red to pull out and drown your sorrows.

Bob Connor · Post by **Bob Connor** » Wed Oct 08, 2008 6:24 pm

Half of it's gone through.

I do have a bottle of Whiskey here to ease the pain though.

kiwigeo · Post by **kiwigeo** » Wed Oct 08, 2008 6:28 pm

Im starting a wood bank to buffer the currency fluctations.

Bob Connor · Post by **Bob Connor** » Wed Oct 08, 2008 6:34 pm

kiwigeo wrote:Im starting a wood bank to buffer the currency fluctations.

Will that make you a Brazilianaire?

Allen · Post by **Allen** » Wed Oct 08, 2008 7:14 pm

Oh God. I just had this image of Martin with a special type of very close shave.

The Horror....The Horror.

kiwigeo · Post by **kiwigeo** » Wed Oct 08, 2008 7:50 pm

Ive just been reading up on the "Bank Crisis" of 1907. Interesting reading. Some say there are parallels between this crisis and the current crisis but Im dubious....

Hesh1956 · Post by **Hesh1956** » Thu Oct 09, 2008 1:02 am

You guys need to learn to manage your money like we Americans do........

Bob I think that we could use some new emoticons: specifically one that represents suicide.......

I have been wanting to start a thread about how the economy, globally, may impact guitar builders. Of course those who sell guitars will feel the biggest impact but I also think that everyone will feel this to some degree.

Anyone have any thoughts that are fit, or not, to share?

My own thinking is that builders may make better use of domestic tonewoods and materials. Outsourcing for those of us who have done so may also be curtailed to some degree.

In short it may be a period of back-to-basics where Luthiers relearn how to create greater value with less to start with. In a way this is not at all a bad thing.

Poverty necessitates greater resourcefulness.

Allen · Post by **Allen** » Thu Oct 09, 2008 6:45 am

It'll be interesting to see if prices for some of those supplies that we are using is affected by a slowing economy.

Bob Connor · Post by **Bob Connor** » Thu Oct 09, 2008 7:10 am

Martin is absolutely spot on with his wood bank idea.

Enough wood in stock to build through the times when the economy is not so good/exchange rates are unfavorable.

Then stock up again when the time is right.

All of your wood will be nicely seasoned as well.

sebastiaan56 · Post by **sebastiaan56** » Thu Oct 09, 2008 1:54 pm

Short selling hasnt been stopped on currencies, I dont think its over yet.

1 AUD is 1.68 Brazilian Real, now who do we know over there....

Paul B · Post by **Paul B** » Thu Oct 09, 2008 1:59 pm

It was down to $US0.64 at one point this morning. When I was over in the US in July (8 weeks ago!) it was $US0.98.

Wish I hadn't converted all that US currency back to oz dollars.

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Pacific Peso takes a pounding

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