Wednesday, July 23, 2008


Back in Uruguay

It´s been very comfortable returning to Montevideo and we´ve been busy visiting friends, watching soccer, going to shows, and eating great food. Too busy to write any blog posts, until now.

Not much has changed in the city. A few businesses have closed and a few new ones opened. Some of the same graffiti is still on the walls.

One noticeable change: the depreciation of the dollar makes everything more expensive. For example, I bought 2 tickets for the new Batman movie yesterday for 180 pesos, or $10 US. That´s the same price I paid for 2 tickets in Kalamazoo, earlier this month. In economic theory, purchasing power parity predicts this; in equilibrium, prices for traded goods should become equal. In this case, I´d guess it´s probably just coincidence.


The Uruguayan peso is smacking the USD around pretty good. My wife and I have had to pretty much quit eating out. Round trip in a taxi to Carassco and meals, big bucks.
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