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That's gotta be something to seriously consider now, right?
Go on vacation and buy stuff with a stronger currency. I worked with people from Europe who would come to the US in December with empty suitcases and clean up ("...everything's 40% off!") in the ~2010 time frame. Now, joke's on them.
Setting aside the dumb hyperbole bait, the interesting thing is that one of the reasons that Europe's economy is so screwed up right now is that most of the countries there have been pursuing an unsustainable economic policy course for a long time.
Not really. Much of Europe has been on an austerity kick since the Bush crash, which is the exact opposite of what Obama has been advocating, although it is exactly what the GOP in Congress want us doing.
Best play IMO is to take out Euro denominated loans and buy stuff that will increase in value. This is of course how the rest of the world got burned during our race to the bottom, and a bet that the fed will let the Europeans 'win'.
They have been on an austerity kick because they ran their debt up to unsustainable levels pursuing exactly the strategies advocated by the "progressives"/populists.
Exactly. Southern Europe's economic problems clearly stem from decades of not spending enough money fast enough.
when i was in Europe, it was 1.54....it is time to start planning a trip across Atlantic!
That would be what it was when the Euro first started.
Sarcasm, right?
