Love the yen dude!
We get a 10000 yen discount from every order from backcountry over 600 $.

tsondaboy wrote:

.....
We get a 10000 yen discount from every order from backcountry over 600 $.

What does this mean? Who is "we" and am I unknowingly part of it? Is backcountry backcountry.com?

tele3190 wrote:

tsondaboy wrote:

.....
We get a 10000 yen discount from every order from backcountry over 600 $.

What does this mean? Who is "we" and am I unknowingly part of it? Is backcountry backcountry.com?

We is in general anyone that buys online stuff from US using a Japanese credit card.
Backcountry is backountry.com, given as an example only.

Ah, the yen, yes. It's been a bit bloated recently....

Its like a 35-40 cent swing since I got here back in 06. Were's my rifle I need to start shooting bankers.

Dont blame the bankers dude blame your countrys debt.
Dont worry about the dollar dude. In about 10 to 15 years America is going to be truely fucked hard up the ass.
There are so many people aged 45 to 50 that are unemployed, in debt in excess of 50000 dollars, with no pension or their
401k is in ruins. What are these people going to retire on?

http://nationalinterest.org/article/death-cometh-for-the-greenback-3282?...

http://www.marketoracle.co.uk/Article16922.html

http://www.pbs.org/wgbh/pages/frontline/closetohome/etc/stats.html

Watch this
http://video.pbs.org/video/1311087223/

Your right, when it gets put in perspective I really have nothing to complain about. but still... theres nothing wrong with shooting bankers

Don't hate the playa, hate the game

That said a strong Yen doesnt do anyone any good.

That is not true. It helps Japanese yen savers and consumers.

The opposite to a consumer is a saver, yet it can hep both at the same time?

tsondaboy wrote:

tele3190 wrote:

tsondaboy wrote:

.....
We get a 10000 yen discount from every order from backcountry over 600 $.

What does this mean? Who is "we" and am I unknowingly part of it? Is backcountry backcountry.com?

We is in general anyone that buys online stuff from US using a Japanese credit card.
Backcountry is backountry.com, given as an example only.

I did not know this. Interesting and thanks for the heads up. Maybe time to do a little shopping.

Yes, I suppose in a simple closed economy model it is true that a saver and a consumer are opposite but add currency and things change somewhat. A yen saver, whose assets base is rising relative to alternative investment classes will do well. A yen consumer, who's income is based in yen but is buying foreign sourced goods also does well. The extreme example would be the executive at Fast Retailing (uniqlo) whose pension (savings) is in yen, whose kid is studying in the US and he has taken USD student loans to fund them (consuming and dis-saving) and is about to be paid a big bonus because his business is doing so well with its input costs sourced in a dollar pegged currency.

Of course exporters and those who borrowed in Yen are hurting. The listed economy vastly overstates the importance of exporters. Japan as viewed by people who look at stocks would seem to be a lot more external than reality. Japan is, like any developed market, mostly domestic services whose exposure to external shocks is indirect (if Toyota does badly on currency then so do the local service businesses). Even in the case of exporters, the ability to offshore production to the markets they are sold in or rely more on overseas procurement is understated, at least over a longer term. Remember to, that Japan lacks many natural resources, especially oil, which is priced in dollars.

That said, while I think a strong currency good for the standard of living for those earning and saving in that currency, the Yen's current strength, being that of a default safe haven (everywhere including Japan is terrible, Japan just looks less terrible) is not a positive thing overall, even if there are beneficiaries.

dude, thats all nice, but, cetaris parabis, I think you need to take another ski holiday.

I still think that you guys should put together a poachninja hedge fund! That way everyone can enjoy 6 months of holidays.
Ninja would, could be the head of research investment.
Pinky and boardingfool Could be the traders.
Db can be the risk assessor

Do not judge finance work by the activities of pinky and myself.

^^^ The only finance guys I know are you, pinky, db and that guy who sells volatility.

I never worked in risk, no idea where that one comes from. My (long forgotten) background is the unglamorous area of Money Markets and an acute understanding of liquidity. Good practical everyday skills that keep a man in honest work no matter what town he lives in (read: utterly useless)

Very well played.

I dont really know what did at the bank. Considering your approach to most things, I firmly believe that you would fit in will as the Poachninja risk manger!

The guy from Volatility Sales is wearing glasses, on the right with a 500ml bottle of Myhr from 7/11.

Hahahaaaaa, well played. Myhr and volatality, both high value items.

In the late 90's, early 2000's I was paying over 140 to the dollar, so this is quite nice.

So what's the deal, HH? Do military stationed in Japan basically get paid based on a fixed USD salary? Sucks, if that's the case. :cuetheviolins:

If you work for Uncle Sam you get paid in dollars, no matter where you work, (for example Soldiers in Afghanistan do not get paid in Afghani). And yes, its a fixed salary but a portion of it does fluxuate with the cost of living. I still wish I would have negociated for magic beans instead. Fukking exchange rate is at 81 today and I have to pay rent.

Buy some YEN and hold on tight. At some point it will go up and that should cover your losses now. ............maybe

Could be worse. You could be based in Australia and possibly hitting parity any time soon.

Who would have thought that one Australian Dollar would ever be equal to one US Dollar.

Exchange rate at local banks has dropped as low as 79. FUCK YOU, YOU ARE RAPPING ME IN THE ASS.

79!!?? Get it while you can. You wait until Palin is in charge of Imperial HQ.

Oh yeah, The Pacific Peso briefly hit parity with the US Dollar last week.

I would rather be rapped in the ass than raped in the ass, literally

no their not literally rapping me in the ass, I am butthurt though.

What does this mean? are you talking about the Phillipino Peso? Or were you just joking? Wakanai

When you say hit parity do you mean, its as funny stupid worthless as the Peso?

edit: nevermind pacific peso = austrailian dollar. God we suck

The yen rate here on base is 75 today a full 50cent swing compared to when I was here the first time. The real downer is that it shows no signs of recovering, knowing how bad the Japanese economy is adds insult to injury. I'm done being pissed about it, now its just fucking depressing. On a brighter side theres BBQ and fireworks at my house this weekend.

As bad as the Japanese economy is, they don`t seem as eager to turn their currency into toilet paper in the process of trying to inflate their way out of their problems like their biggest trading partner is doing. It is a sad world when the Yen, the currency of a country looking more and more like an old folks home run by gangsters and bureaucrats, has become a safe haven by default. I wonder where the smart Romans put their money when the barbarians were at their gate?

I'm not proud of the state of affairs in my country but after hearing from Tsondaboy about the way things are in his home country I realize it could be a lot worse. Maybe I should start a thread called "Fuck the Dollar".

What happens to Greece right now is only a small case study of what will happen to US if they try to borrow their way out of their budget black hole. The US tax system and the US government actions are frightening similar to what the Greek governments did for the past 20 years.

Vladimir Putins comment that the US is living above the means is painfully true.
http://www.foxnews.com/world/2011/08/02/vladimir-putin-calls-us-parasite...