Thursday, March 28, 2013

Pesos, Euros, whatever.

I know sometimes I see a Ferrari and think it's a Lamborghini and visa versa. That is just a stupid girl mistake. When Mr S. corrects me I say, Ferrari, Lamborghini, whatever. They look similar to me. I usually just have to look for the doors. What regular people in California think about Cyprus is crazy.

Last week I was talking to a long time acquaintance. I said - there is going to be a bank run. I don't see how there can't be. End of story.

This week I see the guy again and he says the following to me. "Well, they got bailed out". As if to indicate everything was fine now. And started to defend his position. I'm not going to fight these people. I'm basically in a whatever stage. I went the whole "if you believe that route". Then repeated the stat I heard on Doomberg last night that a full 50% of people in Cyprus had more than 100,000 Euros in the bank. Half of the people on that Island just lost money. Then he says the following....

Well....Greece is Bankrupt now, so... sure they lost money - but it's like Pesos.

Google tells me the dollar Peso conversion is .08 cents to the dollar. It's .06 Pesos to the Euro.

If this is the liberal talking point right now... I'm guessing a lot of people are going to be shocked soon. I was so stunned I could only offer up a "it's not like Pesos at all".


Keyser Söze said...

"Cypress" is a tree. "Cyprus" is an island. :-)

she said: said...

Ahhhh. Finally! - a copy editor. I've burned my old one out. And that crap probably drives you nuts.

Good to see you.