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To: BigDoom
I see it as another sign for a return to normal life.

Yep. I live in Europe and although my daily currency is Pounds Sterling I am experiencing a similar effect- the pound is up against the dollar. I am using this as an opportunity to pay off debts owed in US dollars. I wind up paying less than the amount I owed (relatively figured against what I would have originally owed in Pounds). Every up and down turn has its advantages and disadvantages. The trick is capitalizing on them.

I think a lot of emotional baggage is attached to the terms we use to describe currency trading. It's somewhat irrational but it's human too and hence unavoidable. People don't want to be weak. They don't want to be associated with something that is weak. People hear "Weak Dollar" or "Strong Dollar" and this instills a certain amount of emotional weighting even if it can be demonstrated that it has positive or negative aspects either way.

There's another thread somewhere about the Brits seeing this as a big boon time to come to New York and do their Christmas shopping, which is a perfect encapsulated illustration of the positive side of the weak dollar. Right now is not a good time for Americans to buy foreign things but it is a great time for foreigners to buy American. So much so that the British, in this example, see it as very much worth it to fly all the way to NY with empty suitcases (or buy luggage in NY) and stay in a hotel for a week merely to buy presents for their friends and family. I saw a breakdown recently on how much you could save as a Brit and depending upon how much you bought, the savings would actually cover the cost of the trip quite nicely with still substantial savings on gifts you would have purchased anyway.

10 posted on 12/17/2003 3:07:33 AM PST by Prodigal Son
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To: Prodigal Son
The same thing happened in the late 70's early 80's. I was on a vacation in London and the exchange rate was painful. People tend to forget the cycles that we have already gone through. And will go through again.
15 posted on 12/17/2003 5:53:52 AM PST by CaptainK
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