Exactly, and so obvious isn’t it?
Imagine an airline buying new planes. Airbus or Boeing, the price differential makes the decision a no brainer. Now that I think about it, that is exactly why Airbus took market share away from BA back in 2000 and so, because the dollar was sky high, the Airbus cheaper.
So, here we are, in the luxurious position of being the most efficient manufacturing nation, and the cheapest.
While the dollar has lost value, it has not been at the expense of govt borrowing costs, as the going rate on bonds is still less than 5%, and inflation is not a problem either, but for some global currency denominated things like oil and gold. Thank god I don’t need gold for anything, cuz the gas is expensive enough.
Exactly. The euro started at $1.20, no? It went to $.80. EADS was cleaning Boeings clock. A380 started at the right time but each delay only made it more expensive for all those Arab customers who had petro $$$. FR has had articles on A380 vis Boeing for years. The $/euro has been stressed all along.
yitbos