Bucking the Euro Against the Dollar
Wednesday, December 8, 2004
Own Your Own Little Piece of France…
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Dear Parler Paris Reader,
There is as much conversation in the air today about the euro/dollar rate of exchange as there was about the U.S. elections a few weeks ago. My inbox is filled with letters from readers asking for opinions on what we can expect the future to bring for the ever-increasing euro and the ever-declining dollar.
According to today’s International Herald Tribune, “U.S. officials including John Snow, the Treasury secretary, and Alan Greenspan, chairman of the Federal Reserve, have fed impressions over the past month that the United States welcomes the dollar’s decline, which cheapens American exports and, theoretically, could help reduce the deficit.”
It’s hurting all of us living or visiting here and sensationalist media sets up fears that the dollar will decline even further. Friends are sending me buckets of money to deposit in euro savings accounts to hedge their bets against the future they see as potentially gloomier.
I’m the ultimate optimist and don’t believe the euro nations will allow the imbalance to go much further. In the same IHT article by Carter Dougherty, he writes “A sustained rise in the euro to $1.35 or $1.40 would force the bank [European Central Bank] to intervene directly in currency markets, many strategists believe. Now that Trichet [Jean-Claude Trichet, president] has clearly aligned himself with worries about the euro’s strength, backing up words with deeds is crucial to the ECB’s ability to convince financial markets that it has a firm hand on the rudder.”
Readers are also asking important questions about how this will affect property investments and appreciation. Paris property has never been “cheap,” but is still less expensive than its European counterparts as in London or Dublin. And it’s getting more expensive all the time, as appreciation in Paris property continues at the rate of more than 13% annually. We have not seen any change in this upward price trend and viable properties are selling within a few weeks of being on the market at very close to original asking prices. Interest rates have been at an all time low for a few years now, yet reducing borrowing costs further is a move that would presumably weaken the euro.
We will be fully discussing the pros and cons of purchasing a euro asset with a weak dollar during the Invest in France Seminar on December 29th here in Paris (/frenchproperty/conference/IIF_Paris/IIF_home.html) and in you’ll hear more from me about it in tomorrow’s French Property Insider (/frenchproperty/insider). I’ve watched the rate of exchange go from $1.30 in September 1994 when I moved here (yes, we made the move even during that high!) to when I bought my apartment in 2000 at the bargain of $.93 to today at $1.33.
Either way, I’m so thankful to have such an important and large asset in euros, as the rate of exchange fluctuates over the years. If I were to sell now, I’d have multiplied my investment by 3.5 times in U.S. dollars and by 2.5 times in euro value.
What would you do? Should I sell, take my big bag of bucks and move back to the States or hang on to my pied-à-terre in the City of Light and let my investment continue to grow?
Meanwhile, Invest in France Seminar participants and visitors to the City of Light during the week between Christmas and New Year’s have a special treat in store for them, thanks to Vincent Dupont, “hôtelier” with the four-star Les Jardins du Marais. Vincent will guide you and only four others through the streets of the City of Light by night in his luxury van to see the stunning Holiday array of lights and spectacles…only four tours are available. Scroll down for all the details or visit
And news on the online scene for Anglophones seeking a wide variety of resources in Paris is Franglo.com, a free classified ad service for Anglophone Francophiles. From now on you won’t have to run out for the latest copy FUSAC (France-USA Contacts) — just click on http://www.franglo.com direct from the Parler Paris site to read the ads or post your own!
A la prochaine…
P.S. Don’t forget, if you book your place at the Invest in France Seminar and your luxury room at the four-star Les Jardins du Marais before December 10th, you’ll only pay the rate of exchange of $1.25 — our gift to you! See /frenchproperty/conference/IIF_Paris/IIF_home.html for all details or email Schuyler Hoffman at firstname.lastname@example.org
* Let us help you put a move to France in perspective — we can make it work for you. Take us up on a one-on-one consultation that could be the start of your new life. /parlerparis/services/co
* Foreigners can borrow up to 80% on a home loan. Find out how easy it is. /frenchproperty/insider/mortgage.html
* A Parler Paris Pied-à-Terre Can Be Yours
* Though France might seem as familiar as any other Western country, the truth is, from paying taxes to having a baby — things are done differently in France. Read the stories how other people maneuvered the system.
If you wish your community announcement to be listed in the Parler Paris Previews, please provide the text in ENGLISH just as you’d like it to appear and send it to Erin Zaleski at Calendar@ParlerParis.com We reserve the right to edit as necessary.
Thank you, Adrian
Maison de la Culture Yiddish – Bibliothèque Medem
Sylvie Braitman presents “De Varsovie a Paris, ou comment ma grand mere a decouvert l’amour.” Accompanied by Pierre Cleitman, accordion.
Maison de la Culture Yiddish – Bibliothèque Medem
Moving Parts Play Readings In English
Carr’s Pub & Restaurant
The following readings have been organized by Moving Parts
Always on Sundays, always at 7.30 p.m.!
Plays in English:
9th January Charles Borkhuis “Dusk”
Plays in French :
Contact Stephanie to book a reading of YOUR play:
Drama Ties Theatre Company presents three plays in English, at Comédie Bastille, 5 rue Nicolas Appert, Paris 11th:
Théâtre Pixel presents…
Bus Stop by William Inge
“In the middle of a howling snowstorm, a bus out of Kansas City pulls up at a cheerful roadside diner. All roads are blocked and four weary travelers are going to have to hole up until morning…”
Fridays & Saturdays at 7:00 p.m. until December 18th
On Stage at the Théâtre de Nesle through January 2005
Travellin’ Light by Nicholas Calderbank
8 Rue de Nesle, 75006 Paris, Métro: Odeon
Alesian Literary Salon By Toby Brothers
January Salons Now Forming!
Now is the time to put in your requests for January Salons. I want as much lead time as possible to collect resources and create schedules. Are there texts you have always wanted to read but just couldn’t dig into on your own? Was there a work you read in your earlier days that you would like to re-discover? Send me suggestions — I will put together selections and potential time slots in the coming weeks.
Works or writers for consideration:
These are just some of my ideas…I would love to hear yours!
Bilingual Poetry Reading Saturday, December 11 at 6:30 at the Galerie EOF
Come for a bilingual poetry reading by poets Rae Armantrout and Philippe Beck.
Rae Armantrout teaches poetry at the Universiy of California San Diego and has published various books
Galerie EOF 15 rue St-Fiacre
Picks: Photography Exhibitions
Le photographe photographié, l’autoportrait en France 1850-1914
004 to Sunday, February 13th 2005
Vu d’Italie, 1841-1941, un siècle de photographie italienne dans les collections du Musée Alinari
New York et l’art moderne
‘Documentary and anti-graphic photographs’, Manuel Alvarez Bravo, Henri Cartier-Bresson et Walker Evans
James Kigin Photography
Thursday, December 9th, from 6:00 p.m. to 9:00 p.m., at the 3eme Salon International du Très Petit Format
Attend the opening night of a vernissage for a collective exhibit of artists in which James Kigin has been invited to participate with several of his recent photographs: a few from his web site ( http://www.jameskigin.com) and a series from this August’s 60th Anniversary of the Liberation of Paris.
AZURRETTI by Jean Servais Somian
An Exclusive Exhibition of New Works
December 13th to 16th, 2004
LES ARCHES DU MARAIS
Paris by Night
Take a very private and personal tour with Vincent Dupont!
Let Vincent Dupont, “hôtelier” with the four-star Les Jardins du Marais, guide you and only four others through the streets of the City of Light by night in his luxury van to see the stunning Holiday array of lights and spectacles…
All through Paris to see by night the city’s most stunning monuments…le Louvre, le Grand and le Petit Palais, l’Arc de Triomphe, la Tour Eiffel, Le Panthéon, les Invalides, l’Assemblée Nationale, l’Hôtel de Ville, le Palais de l’Elysée, Nôtre Dame…
And all the while, Vincent tells his tales of Paris past and present…while you sit back and enjoy the beautiful sights of the most romantic city in the world!
Only Four Tours Available:
Tuesday, December 30th
Invest in France Seminar Participants: 30 euros per person
Limited to 5 Persons per Tour
Mary Modified in Concert December 20th, 8:30 p.m.
Mary Modified is a 5-member electro-pop group with American singer/songwriter, Jen Jordan. Her sensitive, melodic songs have been compared to Dido and Alanis Morrisette.
Festival d’Art Sacré de la Ville de Paris through December 16th
15 concerts in 10 of the city’s most stunning churches (and other venues) including Notre Dame and Église St. Germain-des-Prés.
For more information and a schedule of events visit: http://festivaldartsacre.new.fr, phone 01.44.70.64.10
The European Choir of Paris and its instrumental ensemble present…
Requiem de Mozart conducted by Hugues Reiner. A Mozart Requiem not to be missed; Hugues Reiner is famed for choruses that exude passion, sincerity and deep connection to the text. Come for a night that promises to be breathtaking.
Thursday December 16th and Saturday December 18th at Eglise Saint-Séverin.
Renowed Canadian musician Hayden Live this Wednesday!
Wednesday December 8th, 8:30 p.m.
Hayden is a Toronto musician who’s been releasing records for ten years. His international debut ‘Everything I Long For’ (Geffen) was released in 1996 after initial attention in Canada following two cassettes and several 7-inch singles. The album’s home recorded songs appealed to critics and fans alike, making many year- end top ten lists.
Following tours of the U.S, Europe and Japan, Hayden released ‘The Closer I Get’ (Geffen) in 1998 a more band oriented affair and a sonic and lyrical progression. Following over a year of touring and promotion, Hayden closed the book on chapter one of his music career. It wasn’t until 2001 that he returned with the wonderful ‘Skyscraper National Park.’
Recorded at his home studio, it was filled with a warmth and beauty that was felt by music lovers everywhere and was a massive retur
n to form. His new album Elk-Lake Serenade is out now and is once again generating a huge amount of praise.
Parler Paris Après-Midi /parlerparis/apresmidi.html
Next Meeting: December 14th, 2004 and Every Second Tuesday of the Month 3:00 p.m. to 5:00 p.m.
This is your opportunity to meet every month, often with local professionals who can answer your Working and Living in France questions. You are invited to come for drinks and share your questions and comments about what it takes to create a life here, own property and enjoy what France has to offer. It is also an opportunity to network with other Parler Paris readers.
Upstairs at La Pierre du Marais
Paris Soirée Dinners Every Sunday
Patricia Laplante-Collins has international dinner parties on the Ile St-Louis. She hosts a 21st Century Paris Salon where you meet interesting people in Paris and have a lot of fun. There is always a Guest speaker, perhaps a Writer, Actor, Historian — you name it, Patricia hosts them all. For reservations or to be on the mailing list: call 01 43 26 12 88 or write email@example.com
GREAT FOOD! International Cuisine
CONFIRMED RESERVATIONS ARE NECESSARY.
Patricia’s Tel: 01 43 26 12 88
Paris Network Cocktails Every Wednesday
Hosted by Patricia Laplante-Collins…
PARIS NETWORKING COCKTAIL
Our guest speaker will be: Michael Stevens Professor. Bisiness Consultant
BUFFET: GOOD WINE. FUN CANAPES. AFTER THE TALK, PASTA OF THE DAY
Patricia’s Tel: 01.43.26.12.88
27 Years Of Dinner Chez Jim Haynes
Jim’s atelier becomes a salon every Sunday night where about 70 people from all over the world meet, dine, drink and enjoy themselves. Telephone on Saturday or Sunday for your invitation, directions and the door code.
Have your portrait painted by American Portrait Artist, Kathy Burke
The Most Important Thing You Can Do Before the Year is Over
Learn the best ways to watch your money and real estate investment grow before your very eyes…all while gazing at the world’s most famous monument over a frothy café crème.
Now’s your opportunity to take a holiday vacation in the most romantic and beautiful city in the world and set aside JUST ONE DAY of your busy schedule visiting museums and dining on foie gras to learn how to make your money double (and even triple — like mine has since I bought my Marais apartment just four short years ago).
December 29th, the first 100 individuals to register will learn from some of the finest experts in French real estate…how to make the most of the rest of their lives while building a portfolio of some of the most desirable real estate in the world.
Paint or Draw Portraits and Self Portraits with American Portrait
245 Euros 3-hour private session
For more information, firstname.lastname@example.org?subject=Parler_Paris_Reader_Request
Parler Parlor French-English Conversation Group
Celebrating our 7th Year in Paris
Join us at the Parler Parlor conversation group in Paris France for free-form conversation with native French and English speakers. Practice speaking 45 minutes in French, 45 minutes in English. Make friends, discuss interesting topics, learn about other cultures, progress in understanding and speaking, naturally and easily, in groups of six to eight, each in its own acoustically sound private room.
Parlor Times — 3 Times A Week In Two Locations
Tuesdays 6:30 p.m. to 8:00 p.m.
Wednesdays 2:30 p.m. to 4:00 p.m. and Saturdays 11 a.m. to 12:30 p.m.
France seems to be one of those places where Mercury is always retrograde. This country’s strange relationship to technology may be at the root of that. It seems the French don’t really trust progress all that much; they insist on a measure of tradition in all aspects of living. What I’ve noticed is that any technology you need is available, but you have to go looking for it. It doesn’t just show up at your door. And in an odd
Anyway — Mercury is in fact retrograde as of early Tuesday. This is a condition that comes along three times a year for about a month. The astronomical aspect involves Mercury overtaking Earth in its orbit around the Sun, since Mercury makes three orbits of the Sun for every one that the Earth makes (hence, it happens three times a year). It seems that the traditional wisdom about Mercury retrograde really does hold: don’t make major purchases or sign important agreements, if at all possible, till this condition passes.
It’s not always possible to avoid these things, of course, in which case it’s necessary to have escape clauses and allow for renegotiation once the retrograde is over. It’s wise to expect revisions, probably delays and a bit of confusion, which teaches us to respect our communication processes. This is the time to practice making clear agreements and having contingency plans.
The physical objects of communication need to be treated with extra respect during this phase as well; computers should not be taken for granted, files need to be backed up carefully, SAVE your work when you’re beginning a project, and take extra care with hardware and software.
Remember that Mercury is the trickster, and he’s always got a good joke up his sleeve.
Happy Birthday Sagittarius!
Stand your ground. You may not be able to see the strength of your position, but I assure you that others do. If you refuse to let the doubts and misgivings of anyone else cloud your judgment, you will soon discover that you were on the right path all along. While it’s true that you cannot always see the big picture for which Sagittarians are so famous, you can see enough of it to have a sense of where you really stand. The only time problems arise is when you doubt your own strength, or when you confuse fear of the worst thing happening with your more natural expectation that the best thing really is possible. You have done well so far, in part because you’re always able to take any situation and, at the very worst, turn it to good experience. Usually you do a lot better.
Eric Francis, a Paris-based American astrologer, is the author of Planet Waves, a premium online information service available at http://PlanetWaves.net/ He also does private consultations (solar returns, compatibility charts, locational astrology, business consulting, gift readings and more) on the phone and in person in Paris. Call +206 463-7827 or 877 463-8265 for more information.
Democrats Party Meetup Group this Thursday, December 9, 2004 at 7:00 PM
At the last meeting of the Democratic Party Meetup Group on November 9th, we discussed the aftermath of the Presidential election. What direction will the Democratic Party platform take? Will the party compromise its values to attract more members? What needs to happen in order to take back The Whitehouse and Congress?
In the news and by analysts it seems there are different approaches. Some people feel that Democrats need to be more centrist while others feel that the party needs to simply improve its infrastructure and communications. Is the Democratic party becoming more conservative? Bottom line, what are the evolving differences between the parties and their approaches?
A group member suggested inviting Republicans Abroad to our next meeting. We can engage in an interesting discussion about the different political platforms and outreach approaches. At a minimum, it is an interesting social experiment. I hope you will take part in this meeting and make any brave Republican attendees feel welcome.
Please sign up and RSVP at the meetup.com website for the next meeting of Democratic Party Meetup Group. The direct website address is: http://www.democrat.meetup.com. But, if you have problems accessing it directly, you can go to the meetup.com home page and select the Democratic Party Meetup Group at the Paris location. RSVPs are not necessary, but are appreciated. Also, feel free to simply reply to this message. And, please invite friends. Anyone who is interested in American politics is welcome to come. You need not be American.
Thank you for your time and consideration.
American Women’s Group: Upcoming Events
Christmas/New Year in Paris: Activities, Events & Displays
LES SAPINS DE NOEL DES CREATEURS
PARIS SUR GLACE
PARIS SUR GLACE
RÊVE DE NEIGE MILKA
Though the merry-go-rounds are designed primarily for children’s entertainment, a trip on one of these gaudy manèges is also a romantic treat for all who love the City of Light.
CHRISTMAS ILLUMINATIONS – FACADE OF GALERIES LAFAYETTE
CHRISTMAS ILLUMINATIONS: RUE ROYALE, RUE SAINT HONORE
CHRISTMAS ILLUMINATIONS: AVENUE DES CHAMPS-ELYSEES
CHRISTMAS ILLUMINATIONS: AVENUE MONTAIGNE
CHRISTMAS ILLUMINATIONS: PLACE VENDOME AND RUE DE LA PAIX
CHRISTMAS ILLUMINATIONS: ABBESSES AND RUE LEPIC
VITRINES DE NOEL AU PRINTEMPS
CHRISTMAS WINDOW DISPLAYS AT THE SAMARITAINE
CHRISTMAS WINDOW DISPLAYS AT GALERIES LAFAYETTE
VITRINES DE NOEL AU BON MARCHE
LA CRECHE DE NOEL A NOTRE-DAME DE PARIS
Christmas/New Year – Salon/Fair/Christmas market
CHRISTMAS ARCH AT LA DEFENSE
CHRISTMAS MARKET IN COUR DE ROME – OPPOSITE GARE SAINT-LAZARE
CHRISTMAS IN ALSACE AT THE GARE DE L’EST
CHRISTMAS MARKET AT DISNEY VILLAGE
CHRISTMAS VILLAGE BENEATH THE ARCADES OF MAINE-MONTPARNASSE SHOPPING CENTRE
MARCHE DE NOEL A LA NATION
UNAPEI CHRISTMAS MARKET
MARCHE DE NOEL
MARCHE DE NOEL DE MENILMONTANT
LE MONDE DES ENFANTS
Welcome in the New Year at the Hôtel de Crillon
The Hôtel de Crillon is opening its historic reception rooms overlooking the Place de la Concorde for New Year’s Eve, for the first time in its glorious history. Guests have a unique opportunity to view, from the terraces of these salons, one of the world’s most beautiful New Year’s celebrations, where fireworks and the revelry culminate at midnight on the Place de la Concorde. This special occasion begins an evening surely to be one of the world’s most sumptuous and interesting celebrations to welcome in the New Year anywhere in the world. The evening at the Crillon begins with a four-course dinner, prepared by Les Ambassadeurs Chef Jean-François Piège, being served in three magnificent reception rooms the Salons Marie-Antoinette, Aigles and Batailles, all with stunning views of the Place de la Concorde.
Package Details: 540 euros per person, including: Champagne Cocktail served with a tasting of Chef Jean- François Piège’s creations A Four-course dinner designed by Chef Piège A selection of fine wines chosen by Sommelier David Biraud Live music during dinner Complimentary champagne all evening
Special package, including New Year’s Eve dinner and party, with accommodation on December 31st :
Superior Single Room:1210 euros Executive Single Room:1430 euros Superior Double room:1835 euros Executive Double
Package includes accommodations, a bottle of Taittinger Champagne in the room, VIP gift, and Brunch on January 1.
To book the New Year’s Eve dinner contact the banqueting department: 011.33.1.44.71.15.22; via
To book package with accommodations contact: 011.33.1.44.71.15.01 or email@example.com. The
* Vacation Apartment: Leeds Marais Guest Room or Entire Two-Bedroom Apartment
Available February 4 – 16 in its entirety.
Located in a 17th century Le Marais Hotel Particulier, this 70 square meter apartment two-bedroom apartment with lots of light is nicely furnished and is perfect for a single woman in the freshly renovated guest room when owner Adrian Leeds is in or for up to 4 people when she’s traveling.
Pictures and more details available here: /parlerparis/apartments/rentals/leeds.html
* Vacation Apartments
Rent a luxury apartment in Paris and in other parts of France your
* Property E-Zine: French Property Insider
Learn how to buy property in France. French Property Insider is an e-mail newsletter from the editors of Parler Paris. If you’d like to learn about the insights, recommendations, and discoveries about buying and investing in real estate in Paris and France that French Property Insider readers get every week, read more about a subscription here:
Our next gathering is December 14, 2004.
Bucking The Euro Against The Dollar
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