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Financial Crisis and Sequoia

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Financial Crisis and Sequoia

Postby rightstar76 » Mon Sep 29, 2008 3:48 pm

Here's my rant:

I was going to stay at the Wuksachi next month, but with the financial crisis, I've decided to hold onto my money and not go. Now by this time next year, I guess the dollar will be worth a lot less, maybe 1 to 4. So that means that Europeans will make up all the visitors at the lodge and Delaware North Corporation will then raise rates to get the most out of the crisis. I wouldn't be surprised if the average nightly rate goes up to five hundred dollars. That's still pretty reasonable to a British person who only has to pay 125 pounds.

Of course for the rest of us Lodgepole Campground will cost more and be hard to stay at. That's because the Wuksachi has only so many rooms and all those overseas tourists taking advantage of our weak dollar will have to stay somewhere. My guess is that a campsite will run 40 or more dollars a night. Think you can escape from this crisis by going backpacking? I wouldn't be surprised if the fee to get a wilderness permit skyrockets since the government will no longer be able to fund the majority of services in the park. It just doesn't seem right.

End of rant



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Re: Financial Crisis and Sequoia

Postby dave54 » Mon Sep 29, 2008 5:27 pm

The current philosophy in Washington DC now is to make developed recreation pay for itself, hence the fees. The private concessionaires are squeezed in the middle, they have to comply with ever more stringent gov't contract requirements and regulations, and making a total year's revenue in 4-5 months, while keeping their rates reasonable. I know I would not want to go into that business and try to make a living.

This is why I try to avoid camping in National Parks anymore. They are increasingly overcrowded, overpriced, and over regulated.
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Re: Financial Crisis and Sequoia

Postby DJG » Tue Sep 30, 2008 10:11 am

Backpacking as a privilege or right? Lots of great places to go out there without paying high fees, probably without the crowds too. Economic considerations might be affecting many more of our decisions in the near future.
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Re: Financial Crisis and Sequoia

Postby The Other Tom » Tue Sep 30, 2008 2:10 pm

rightstar76 wrote:Now by this time next year, I guess the dollar will be worth a lot less, maybe 1 to 4. So that means that Europeans will make up all the visitors at the lodge and Delaware North Corporation will then raise rates to get the most out of the crisis.

End of rant


I don't quite understand what you're saying here. In the past few weeks, the dollar has gained against the Euro, so I don't get the 1 to 4 thing. :dontknow
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Re: Financial Crisis and Sequoia

Postby ERIC » Tue Sep 30, 2008 4:19 pm

The USD has also gained steadily against the British Pound, Swiss Franc, Swedish Krona, and Canadian Dollar since this past spring.
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Re: Financial Crisis and Sequoia

Postby rightstar76 » Tue Sep 30, 2008 8:04 pm

That was until the market tanked. If it keeps going down, our currency will drop.
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Re: Financial Crisis and Sequoia

Postby The Other Tom » Wed Oct 01, 2008 3:52 am

rightstar76 wrote:That was until the market tanked. If it keeps going down, our currency will drop.

Markets across the world are linked. If our market tanks, so will others. The USD is still seen as the "benchmark", and, as such, will get stronger vs. other currencies. That's what has happened over the last couple of weeks with the wild market swings.
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