This Picture was taken less than a week ago and is probably already out of date (anyone know of otherwise?). Yes folks, it is the one and only exchange rate sign from our favorite smoked meat salon: Schwartz Hebrew Delicatessen. It almost feels like 1930 is back, when a sandwich only cost 5 cents, but alas the 5 is a percent and not a dollar figure. Still, it’s interesting to note the CAD now buys more meat per pound than the Greenback does.
From now on all foreign bond trading should be based solely on this exchange rate, screw the Big Mac Index. Smoked meat kicks hamburger ass anyway. (Note to all finance majors: no one cares if that doesn’t make any sense, it makes nonsensecents! You know who you are!!)
Check out what Chef Deck has to say about Schwartz Deli at our friend’s EatWellMontreal.com review,
2 responses so far ↓
1 Zhulia // Nov 8, 2007 at 11:06 am
Despite my fears of sounding obscenely pretentious, here are the underlying principles refuting the arguments maintained by the author. The interest rate parity theorem asserts that:”the pricing relationships between interest rates and spot and forward exchange rates must make covered (that is, fully hedged and riskless) investments in any currency equally attractive.”
Now eat a pickle, be a fickle and ponder heartily on that .
Steaks are my friends.
2 Chef Deck // Nov 8, 2007 at 5:56 pm
thanks for the link livemtl!
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