Not for a while. The dollar still has plenty of room to fall, and fall it will for at least another couple years.
I don't know where you get your figures from but according to today's mid-market rates the exchange is €1=$1.32xxx. I suspect you put the currency denominations in the wrong order to begin with since the Euro has been stronger than the dollar for quite some time now.
my bad I thought I heard 1.52 sorry for any confusion or concern. thta thing about the train was the almighty greenback which likes it might not roll on too long or it might just roll off a cliff. I don't know. We'll see. I'm sure it's good for some bizness to have a weak dollar. I know that I can appreciate how cheap america is. There should be more European tourits!! what the heck. where are you guys/?
Well, the entire point of the Euro is so the European Union can compete effectively against the United States. So far they are winning.
Very true, but the increasing divestiture of dollar reserves in favor of Euros by country after country is a sign of the declining faith in the greenback.
In the global economy, one major part hurting does not benefit the rest... If the US economy continues to decline the rest of the world will be losing one of the largest markets that there is.
The US economy is not declining, it is growing faster than every country in the EU and double the EU as a whole (excepting the newly arrived eastern european economies). It is expected to do the same in 2005.
Actually the entirety of our population makes up only 4-5% of the global population. Whilst we have for some decades outconsumed (to gluttonous extent) the rest of the world, our decline would simply shift the market focus to other rapidly growing and equally gluttonous societies such as India or China. Endless growth is a pipe dream anyways in a finite world.
they were saying, when nuclear tensions were escalating, that if Pakistan was destroyed entirely, the entire world would be thrown into a depression....... Chinese don't have thatmuch buyingpower, there are a lot of them, but they don't generally have disposeable income, or desire to drive fancy european imported cars. Not talking endless growth, just pointing out that 300 million consumers is a large number There is no doubt that the employment situation in the US is in a state of deterioration, especially with the loss of manufacturing.....good jobs are being replaced buy service industry jobs that don'tpay the same. not saying its completely dire,but it certainly isn't good right now.
what? think longer term, mate. sure the U.S. isn't as bad as it was a few years ago and there may some some hope for growth but WE DON'T MAKE ANYTHING here! We're like a developing nation! Or maybe we can just become a service economy like Singapore. Maybe China won't destroy us. Or the muslims with their strange looks and threats. Maybe God won't even destroy the U.S. economy. we'll see.
