Quote:
Originally Posted by Kazan
You know in the 80's the same thing was said about how the Japanese were going to over takes us Blah Blah Blah.
Even with the weak dollar its still 103 Yen to 1 US Dollar
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you fail to recognize that before the 80's devaluation of the dollar against the yen the exchange rate was $1 = 360 yen. in a short period of time, buying things Japanese increaed by 3.5 times
let's see how well the dollar is doing against the euro:
similar to the decline against the yen, the decline of the dollar against the euro causes you to need $136 dollars today to buy what cost $100 dollars 5 years ago in the european community
maybe you just have an inability to "appreciate" the depreciation of the dollar against the other major world currencies. it makes their stuff more expensive for us to buy while it makes our stuff cheaper for them to buy. unless you are either making stuff for them to buy or international tourists represent a sizable portion of your market, your holdings (your relative wealth) in the world market are (is) diminishing. feel better now?