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Just Like It's Supposed to Work
Dollar way down. Euro likely to be strong-very strong for the foreseeable future. Airbus contemplates factory in Alabama. (More to it than this, obviously, but this is exactly the way markets are supposed to work. In New York City last Friday, the onslaught of European tourists—walking around with big bags of electronics—was a small version of the above.)
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Comments
Similar situation along USA-Canada border. With Canadian dollar equal to US- Erie Pa is over run with busloads of Canadians all with fistfuls of cash buying clothing cheaper than they could at home.
Posted by Dave at December 4, 2007 1:40 PM
Yeah... I think its time for me to start charging in Euros instead of dollars!
Posted by AJ Hoge at December 5, 2007 12:53 PM