We made our final Euro denominated payment for Lone Star yesterday. Are you asking why this is news? The reason is that it is NOW time to start buying the US dollar. We have managed to be on the wrong side of the exchange rate from the time we ordered the boat (at 1.28 Dollars per Euro) to when we made our final payment (at 1.57) a 23% increase in cost. Now that the exchange rate is not as important to us we expect the dollar to strengthen and that advice is as good as you can get from CNBC.
HAPPY BIRTHDAY AMERICA!!!
Friday, July 4, 2008
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