Economically speaking, with the dollars decline our exports are cheaper than anyone elses, except Asia.
The American standard of living is still ahead of the scandinavian countries as well as Europe.
You have to take the income and see what it buys. Our prices here are half, sometimes one third of those in Europe.
Don't get too giddy about Scandinavia. It won't last more than a couple of years. The only advantage Norway and Scottland have is their oil production. Watch Gneral Motors and Fords decision soon on whether to continue building Cars in Scandinavia, where it has become a losing proposition.
"While the American economy is facing a slowdown, Sweden and the rest of the Scandinavian economies will reach levels as not dreamt of before in the the history of mankind."
Sorry, I don't share your enthusiasm. I have always looked at trend lines when I was European director for my company. They don't bode well.
You're right.
As long as you're talking of Europe versus the US.
Please don't compare the standard of living in Scandinavia, the richest part of the world, to the US.
The US is rich, richer than Europe in general, but you can't afford to drive around in the Audi's, BMW's and Volvo's we do and the building standard of your houses are not similar to ours.