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Think it twice

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What on earth? The reason that £31k would buy us a small home in alabama, is because the currency is so strong (because the economy is strong i guess). SO if we were to "think it twice", and we wanted it to be weaker, then our £31k wouldnt stretch that far to buy us a small house in alabama, so it would be more expensive for us. :|

Im confused as to what the point is that you were trying to make..

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"What on earth? The reason that £31k would buy us a small home in alabama, is because the currency is so strong (because the economy is strong i guess). SO if we were to "think it twice", and we wanted it to be weaker, then our £31k wouldnt stretch that far to buy us a small house in alabama, so it would be more expensive for us. :|

Im confused as to what the point is that you were trying to make.."

By spending your GBP at home, you help create jobs for your fellow citizens. The jobs that you create create more income for some of your fellow citizens. When they spend their additional income, they create even more jobs. This is what the economists call the multiplier effect.

Keep in mind that the US currency has gotten weaker in recent years because the country is running a huge deficit. By spending your money at home, you help prevent running a trade deficit for GB and that is going to strengthen the GBP.

"THINK IT TWICE" means you think it twice before you decide to come to America to buy that 70" TV.

O i see...sorry, i thought that it was trying to be said that we need to think twice about wanting a good economy.

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Originally posted by ckwan:

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"What on earth? The reason that £31k would buy us a small home in alabama, is because the currency is so strong (because the economy is strong i guess). SO if we were to "think it twice", and we wanted it to be weaker, then our £31k wouldnt stretch that far to buy us a small house in alabama, so it would be more expensive for us. :|

Im confused as to what the point is that you were trying to make.."

By spending your GBP at home, you help create jobs for your fellow citizens. The jobs that you create create more income for some of your fellow citizens. When they spend their additional income, they create even more jobs. This is what the economists call the multiplier effect.

Keep in mind that the US currency has gotten weaker in recent years because the country is running a huge deficit. By spending your money at home, you help prevent running a trade deficit for GB and that is going to strengthen the GBP.

"THINK IT TWICE" means you think it twice before you decide to come to America to buy that 70" TV.

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ckwan
Currency exchange really doesn't matter as long as the banks keep it straight. Sometimes people seem to have a problem realizing what's involved with different economies around the world. I'm no financial expert, so I don't have a complete grasp of it all either. I do realize there is more to buying power than just simple currency conversion. Thats already been mentioned.

Just a question, with the GBP being approximately 2 USD, if the USD is weak and deflated, what happened to the GBP? As I mentioned before, I can remember in the past when the GBP was near 3 USD and that was when the USD was considered stronger. As for a $62K home in Alabama, I suspect there are a lot of places where that would buy a comfortable little house, as long as it isn't in the high rent districts. That depends on other factors as well, like the housing market in an area and the current state of the local economy.

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Think it twice.

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The only thing the big TV adds to is the tax base from sales and imports on buying a big ticket item from a foreign manufacturer. It creates few jobs other than in sales and hopefully they have some better priced offerings from the home front. Many countries import most of their electronic products, in some cases the components to manufacture them.

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If I had to travel out of the country, I wouldn't settle with anything less than 5*.

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All I can say is it must be nice. I'm happy with a 4 star and comfortable with a 3 star. As long as the room is clean and in good order and the towels and linens are changed daily, I'm happy. It must be nice to be rich. ;)

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Originally posted by billybob:

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O i see...sorry, i thought that it was trying to be said that we need to think twice about wanting a good economy.

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I think it's a well known fact the British economy is on sound footing. I wish the US would take some examples and start a tax system like VAT to discourage a lot of foreign trade on luxury items that could be produced in country. The US should put import taxes on everything coming into the country and allow no favored nation trading status. Along with that over deflate the USD and give subsidies to US citizens for purchasing, much as China does. I fear there would be a revolt though.

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Dont get me wrong as being patriotic pacman, i hate the UK!

Bring on the states as soon as im old enough..

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Hope you like the States. I just hope it meets your expectations. Personally I like the States, but the UK would be my second choice of where I'd like to live. If I was born in the UK and more familiar with the surroundings, it might be the first choice. You have to remember, much of the culture and background of the US derives from British roots. After all, the US was a British colony.

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Yeh, Americans are all just retired Englishmen.

(Joke before all you patriots start crying :P)

Uk sucks, dont bother coming here everyone :D

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"Currency exchange really doesn't matter as long as the banks keep it straight. Sometimes people seem to have a problem realizing what's involved with different economies around the world. I'm no financial expert, so I don't have a complete grasp of it all either. I do realize there is more to buying power than just simple currency conversion. Thats already been mentioned."

Agree. For example, Japanese deliberately keep their Yen low for the purpose of boosting exports and that doesn't mean that Japanese citizens have less purchasing power that American citizens.

"Just a question, with the GBP being approximately 2 USD, if the USD is weak and deflated, what happened to the GBP? As I mentioned before, I can remember in the past when the GBP was near 3 USD and that was when the USD was considered stronger."

I think the GBP is strange and is a kind of hard to explain. I remember back in the Clinton era, when the USD was worth 1.18 Euro, the GBP was still strongly higher than the USD. My guess is that the GBP is kept high for political reason and is more than just economic strenghth.

"I think it's a well known fact the British economy is on sound footing. I wish the US would take some examples and start a tax system like VAT to discourage a lot of foreign trade on luxury items that could be produced in country. The US should put import taxes on everything coming into the country and allow no favored nation trading status. Along with that over deflate the USD and give subsidies to US citizens for purchasing, much as China does. I fear there would be a revolt though."

Economic theories are rather complicated. One economic model that works on one country does not necessarily work on another. Why do you think Uncle Sam is not following your advice? It would seem to me these are all perfectly within their power. In fact, it is much easier for them to do what you suggest than quarreling with Janpan and China to try to put pressure on them to drive up their currencies. In my view, there is only one explanation. To do what you suggest is only going to drive up inflation at home and is going to do little help on reducing the trade deficit. When you deflate the USD, it means that when people go shopping at Wal Mart, they'll have to pay more. You might want to think that they are going to cut back because of the weaker dollar. Chances are a lot of them would not and instead they are just going to go back to their employers to ask for higher wages and this is going to drive up inflation.

Make no mistake. Americans have gotten addicted to foreign imports and they don't save. Japanese do and Chinese do.

According to government statistics, 2/3 of the American GDP is due to consumption. Do you think that is the case in a Japanese economy or Chinese economy?

"As for a $62K home in Alabama, I suspect there are a lot of places where that would buy a comfortable little house, as long as it isn't in the high rent districts."

Check this out. http://www.realtysouth.com/Listing/Listi...tLetter=&Sort=6

If you still don't like what you see there are some other alternatives.
http://www.homesandland.com/Listing.cfm?...tingId=10143632
http://www.homesandland.com/Listing.cfm?...tingId=10261760
http://www.homesandland.com/Listing.cfm?...tingId=10018314

imagine being rich...

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Originally posted by billybob:

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Dont get me wrong as being patriotic pacman, i hate the UK!

Bring on the states as soon as im old enough..

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I visited my mom in England 1.5 years ago. First, I live in California....lets just say it is always warm. When I visited her just outside of England, it was BELOW 0 degrees Fahrenheit..........for that reason alone I DESPISE THE UK!!! :P

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If temps are the problem, then you'd hate New England. I was in high school when I was there and hated waiting for the bus in the freezing cold. Must have been a mental thing. I didn't mind the weather the rest of the time. LOL

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Why are there so many places in the states with the prefix "new", and being original places in England.

New york, New England, New jersey


Im that tired i dont even know if Jersey is a place in England anymore...but you get the picture.

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Originally posted by billybob:

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Why are there so many places in the states with the prefix "new", and being original places in England.

New york, New England, New jersey


Im that tired i dont even know if Jersey is a place in England anymore...but you get the picture.

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This is because the original settlers that came over named their colonies after places where they came from. These colonies became larger and larger until they were granted large amounts of land then named as states. Thats how. Now this is getting off topic so I would suggest getting back on topic or a mod will probably close this.

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Im unsubscribing, it was nice having a mature conversation with you pacman :D

Just some people cant keep their ego and dignity out of things and start getting all touchy.

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Originally posted by billybob:

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Im unsubscribing, it was nice having a mature conversation with you pacman :D

Just some people cant keep their ego and dignity out of things and start getting all touchy.

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Stop touching me billybob!!!!

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LMAO. I lied, i coulnt be bothered to unsubscribe.

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Originally posted by billybob:

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Im unsubscribing, it was nice having a mature conversation with you pacman :D

Just some people cant keep their ego and dignity out of things and start getting all touchy.

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Now you've gone and insulted me. LOL Me mature?

Sometimes I get a kick out of place names. There's more to the New naming than just familiarity with places of origin, i.e. the York and England names. Though, Weird did call it right, a lot of times it is a matter of sentiment toward a familiar town or country from a group of settlers' past. I moor my boat outside a town named New Tazewell. Guess where Tazewell is located? They share a boundary line. You can step from old to the New. I think when people can't think of a good new name, they sometimes hang New to a good old name.

Just so we stay on topic... I don't think they're going to sell many of those 70" LCD TVs in New Tazewell. ;)

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Let's stay on topic.

Obviously, the 70-in LCD TV is a "new" technology. I wonder if this is a "new" strategy of Samsung to compete with SONY.

Originally posted by ckwan:

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Let's stay on topic.

Obviously, the 70-in LCD TV is a "new" technology. I wonder if this is a "new" strategy of Samsung to compete with SONY.

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This topic lost much of its relevance once posted. It was news, last year. Obviously not great news since most people weren't and still aren't aware of it. The 70" Samsung LCD was originally posted online and available in 2006. Now it's older news with the newer 82" to be released in Novemver. Plus there is not a very large market for the item. How many times would you like us to say "Wow"? Such things are test items that occasionally make it to market. Perhaps when the technology becomes more common place and the price drops to within reason. Then we can discuss pixel counts and resolution.

ckwan
If this is an attempt to compete with Sony, it is in the super-highend merchandise that is only affordable for the filthy rich and/or well to do businesses. It wouldn't be anything that would effect the profit margins to any noticable extent. As stated by upper management, these items are to showcase the company's technology. This appears to be more along the lines of research and testing and to show what can be done. It may eventually be made available for mass sales at reasonable prices, but I don't see it any time soon.

If you feel the "big" samsung is of great interest and we should stay on topic, would you tell us why and what is the merit of such an item to the common market? As for the specs, those are available online. Besides, why put your interest in old tech? Since the 70" in 2006 ( http://www.bornrich.org/entry/samsung-el...-inch-lcd-hdtv/ ), there is word of an 82" going on sale in November (also said to be high priced). http://www.bornrich.org/entry/samsung-re...xn-lcd-monitor/

Edit: Reading further I found Samsung showed the 70" at SEK2006 (June 06) and the 82" this past June in the SEK2007 exhibit. http://www.sek.co.kr/sek2007/english/engsek2007_02_01.asp

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Originally posted by jimmy42:

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yikes 63k for a tv... but 70" LCD HOT DAMN!

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... but 82" LCD, HOT DAMN-ER! LOL

Edit:
... but 108" LCD HDTV, Hot Damned-est. ;) (over $70,000 US) Does anyone beat Sharp at 108"? Seems we may have jumped the gun discussing a smaller 70" set from last year.
http://www.brightcove.com/title.jsp?titl...ineup=450195202

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"ckwan
If this is an attempt to compete with Sony, it is in the super-highend merchandise that is only affordable for the filthy rich and/or well to do businesses. It wouldn't be anything that would effect the profit margins to any noticable extent. As stated by upper management, these items are to showcase the company's technology. This appears to be more along the lines of research and testing and to show what can be done. It may eventually be made available for mass sales at reasonable prices, but I don't see it any time soon."

I think there's more to this. One way you compete to increase your market share is to increase your name recognition in the field. If Samsung continues to hit the market with this kind of big news and somehow can succeed in projecting an image that it now has better technology than SONY, I think over the long run this is going to help them on all product lines.

The 82" TV is certainly another interesting topic.

"... but 108" LCD HDTV, Hot Damned-est. ;) (over $70,000 US) Does anyone beat Sharp at 108"? Seems we may have jumped the gun discussing a smaller 70" set from last year.
http://www.brightcove.com/title.jsp?titl...ineup=450195202"

Looks like Sharp is fighting back to maintain its leading position. I've always believed that Sharp has the best technology in this field. In fact, I am shopping for my next TV these days and giving heavy consideration to Sharp.

"Does anyone beat Sharp at 108"? Seems we may have jumped the gun discussing a smaller 70" set from last year."

Just followed your link to check out a few prices.

The Sharp LC-65D90U is a 65" TV and it costs $6,499.00. The Sharp LC-57D90U is a 57" TV and it costs $12,199.99. Why is this smaller TV so much more expensive than the larger TV?