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Post by Bobster231 on Oct 2, 2011 19:42:53 GMT -6
These Americans are screwing with our dollar value. We should be at parity but they keep screwing things up and our dollar is getting the short end of the stick.
Thank god we got a billionaire owner. And the Dollar will rise again once things get back to normal.
Don't you guys just find it odd we finally get our Jets back and than the dollar drops 5 cents?
I just get paranoid about things like this.
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mrconfusion87
1st Line Centre
Resident of the Tropical Hockey Wasteland
Posts: 415
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Post by mrconfusion87 on Oct 2, 2011 19:48:19 GMT -6
I see what you're getting at! Anyway, the first thing I thought about when the Canadian Dollar started its most recent plunge was the Canadian NHL teams and how it could affect the chances of the country getting, and more importantly keeping 8 teams! Here's hoping the Loonie holds up and returns to where it should be: above parity! But I doubt it would plunge as low as a decade ago because of oil, the prices of which should rise soon with the arrival of winter! Plus bull runs don't last forever! Stupid, f****** currency traders! :thumbsdown:
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Post by Bobster231 on Oct 2, 2011 19:54:08 GMT -6
It's basically just everyone investing in the US dollar now because it's a world currency. Makes no sense to me why people are considering the state their economy is in. One thing that people need to know is that our Jets will be safe in Winnipeg forever with this ownership group we have. The Jets are here to stay. Forever. I'm sure with the business model TNSE has in the case where if the dollar does drop a bit they are still making revenue and lots of it. I'm not sure how it works, but say if someones contract is 5 Million dollars on our team, it's costing us more than 5 Mill for that contract with the dollar at 95 cents now.
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Post by NHLWinnipeg on Oct 2, 2011 19:56:58 GMT -6
my advice: don't panic when the $ goes down a bit or get too excited when it rises...it's not a zero sum games...there are benefits to a lower and higher dollar...talk to me when the dollar is worth .70 USD -- not going to happen for the foreseeable future imo, but we've got revenue sharing, a cap tied to revenues and a very wealthy co-owner that owns a lot of USD shares in Reuters. The markets are volatile right now and that often leads to the USD rising as US treasuries are seen as a safe haven...leads to buying of USD...
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mrconfusion87
1st Line Centre
Resident of the Tropical Hockey Wasteland
Posts: 415
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Post by mrconfusion87 on Oct 2, 2011 19:58:57 GMT -6
It's basically just everyone investing in the US dollar now because it's a world currency. Makes no sense to me why people are considering the state their economy is in. One thing that people need to know is that our Jets will be safe in Winnipeg forever with this ownership group we have. The Jets are here to stay. Forever. I'm sure with the business model TNSE has in the case where if the dollar does drop a bit they are still making revenue and lots of it. I'm not sure how it works, but say if someones contract is 5 Million dollars on our team, it's costing us more than 5 Mill for that contract with the dollar at 95 cents now. True! I never got the logic of the herd mentality of these traders, especially considering the US dollar is the currency of the country where the most recent economic crisis started! Anyway I'm a believer in Buffet's "If people get greedy, be scared! If people get scared, be greedy!" investment creed! But I think if there is anytime the Bank of Canada should raise their interest rates, its NOW! Its long overdue and I dunno why are they resisting doing that!? :contemplating:
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Post by Bobster231 on Oct 2, 2011 20:00:10 GMT -6
my advice: don't panic when the $ goes down a bit or get too excited when it rises...it's not a zero sum games...there are benefits to a lower and higher dollar...talk to me when the dollar is worth .70 USD -- not going to happen for the foreseeable future imo, but we've got revenue sharing, a cap tied to revenues and a very wealthy co-owner that owns a lot of USD shares in Reuters. The markets are volatile right now and that often leads to the USD rising as US treasuries are seen as a safe haven...leads to buying of USD... Thank you for explaining that to me! Aha I am so glad for our VERY WEALTHY ownership group. And yeah, 95 cents is basically nothing right? I don't understand this stuff as well as you do. But yeah the new economic model of the NHL protects teams from this sort of thing correct?
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Post by phillymike on Oct 2, 2011 20:07:48 GMT -6
These Americans are screwing with our dollar value. We should be at parity but they keep screwing things up and our dollar is getting the short end of the stick. Don't you guys just find it odd we finally get our Jets back and than the dollar drops 5 cents? You are joking? Right?
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Post by donwood on Oct 2, 2011 20:13:29 GMT -6
These Americans are screwing with our dollar value. We should be at parity but they keep screwing things up and our dollar is getting the short end of the stick. Don't you guys just find it odd we finally get our Jets back and than the dollar drops 5 cents? You are joking? Right? Gary Bettman is behind it
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mrconfusion87
1st Line Centre
Resident of the Tropical Hockey Wasteland
Posts: 415
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Post by mrconfusion87 on Oct 2, 2011 20:33:11 GMT -6
Gary Bettman is behind it Hahahaha! I knew someone would blame Buttman for that soon enough! ;D
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Post by lukemiguez on Oct 2, 2011 22:52:05 GMT -6
These Americans are screwing with our dollar value. We should be at parity but they keep screwing things up and our dollar is getting the short end of the stick. Thank god we got a billionaire owner. And the Dollar will rise again once things get back to normal. Don't you guys just find it odd we finally get our Jets back and than the dollar drops 5 cents? I just get paranoid about things like this.
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Post by rabenga on Oct 3, 2011 7:18:14 GMT -6
This doesn't matter in the short-term anyways, TNSE is doing what any company does when they work in a multi-currency environment. They are hedging against drops in currency prices, they probably have futures contracts for this year's expenses already in place.
Furthermore, the Canadian dollar is positively correlated with oil and gold prices - and they have dropped significantly over the last few weeks.
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quackbeth
Captain "C"
By the pricking of my thumbs Something hockey this way comes!
Posts: 741
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Post by quackbeth on Oct 3, 2011 8:13:20 GMT -6
Yep........
My country's economy's on the toilet... :/
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Post by bcmike on Oct 3, 2011 11:06:13 GMT -6
This doesn't matter in the short-term anyways, TNSE is doing what any company does when they work in a multi-currency environment. They are hedging against drops in currency prices, they probably have futures contracts for this year's expenses already in place. Furthermore, the Canadian dollar is positively correlated with oil and gold prices - and they have dropped significantly over the last few weeks. You beat me to it! Yes you would hedge against this sort of thing so a drop doesn't affect you that much. By the way the global economy is heading for a cliff that will make 2008 look like a walk in the park. Fundamentals everywhere are screwed up beyond recognifition. The good news is that Canada is well positioned to ride it out. Bottom line: as long as Winnipeggers fill the building at NHL prices the hockey team will be fine.
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Post by jetsorbust on Oct 3, 2011 11:17:40 GMT -6
This doesn't matter in the short-term anyways, TNSE is doing what any company does when they work in a multi-currency environment. They are hedging against drops in currency prices, they probably have futures contracts for this year's expenses already in place. Furthermore, the Canadian dollar is positively correlated with oil and gold prices - and they have dropped significantly over the last few weeks. You beat me to it! Yes you would hedge against this sort of thing so a drop doesn't affect you that much. By the way the global economy is heading for a cliff that will make 2008 look like a walk in the park. Fundamentals everywhere are screwed up beyond recognifition. The good news is that Canada is well positioned to ride it out. Bottom line: as long as Winnipeggers fill the building at NHL prices the hockey team will be fine. Agreed, we will be fine so long as we fill the barn, but the FX rates still aren't great. We also don't know if there was no effect. Not every company may hedge for a whole year (although since they know their annual US expenditures, i.e. payroll, the Jets may have). A company could hedge 2, 4, 6 or any other number of months ahead. Anyways, I'm not too worried but it's still definitely a negative thing for TNSE. Far from alarming but not good.
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Post by Guardian on Oct 3, 2011 15:13:17 GMT -6
I saw on CNN last week that, if the US wanted to pay off it's debt, EVERY American would owe about $130,000.
When you have to choose between small things like EATING, hockey will always take a back seat.
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