Wednesday, September 21, 2005

Gainful Employment

Gainful employment is interfering with my blogging. After an extended period of having time to myself, I am back in harness. It basically came down to watching a bank account dwindle or doing something about it, so back to work.

I have just returned from two weeks of visiting a client's offices in Europe. This was a real ironman trip, working during the day, then flying at night to the next city. Not a great way to take in the sights, but effective in accomplishing the goal of understanding the business.

My main impression is that London is obscenely expensive. There is just no way to anticipate the level of prices when arriving from Singapore. My taxi ride from Heathrow to a hotel in Knightsbridge was £88! Which was more than it cost to fly from Sweden to the UK!

I know people think the Chinese Yuan is undervalued, but the £ is clearly overvalued on any rational purchasing power parity measure.

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