Damn Customs

[cartier]

Originally Posted by jdc115

Not to speak for Numbers but he was responding to somebody that made a very generalization about Europe being boring. I was also a bit taken back by the post partly cause it is the general kind of statement that makes foreigners look upon Americans as being close minded and not interested in cultures outside of their own.

I saw the other post that led to Numbers' comments and that is why I questioned the activities that the other individual does in Europe, there is enough to see and do there to keep one very busy. I just wanted to caution him about making such broad generalization of Americans.

Originally Posted by jdc115

As far as the dollar, it both helps me and worries me. The decreasing dollar is like a pay raise on one side. But it will also start hurting those countries that still depend on the US for most of their exports. But will US rates being so long for a while, the dollar becomes less of a good investment and many start investing in other countries that offer more returns though with more risk. I am hoping it won't repeat of 2000-2001. As much as they say Asia is become more inter-related and not as much dependent on the US economy, they will are the driving force for the economies out here.

The status of the dollar is of great concern to me as well. I feel that a great deal of the global economic problems come from China's monetary policy specifically the Yuan (Renminbi) valuation. In becoming such a large trading partner with the rest of the world they are creating instability as they are the only major trading partner of the Western nations that do not float their currency, instead going with a fixed/weighted approach. However, you are right that given the current global economy a major economic downturn in the US will have major ramifications throughout the world.