the dollar goes kaput

[merchimerch]

Wow! When I was living in the U.K. in 2001, the dollar was worth about 1.5 British Pounds, and no one was paying much attention to the Euro because it was so friggen cheap.

Today, a mere 7 years later, the dollar just hit 2 pounds, and is now worth 1.5 Euros.

I wonder, will this inspire us to start making our own stuff again?

Probably not, since we import from even softer money countries. A girl can dream though.

Comments

[fallen42.livejournal.com]

We do most of our importing from China, which artificially keeps the yuan undervalued with respect to the dollar, so there is no change there. However, the weaker dollar gives the US the chance to compete in far more export markets which should help close the trade gap.