Text 18651, 37 rader
Skriven 2008-07-16 08:43:44 av Robert Bashe (2:2448/44)
  Kommentar till text 18626 av Joe Bruchis (1:3828/12.0)
Ärende: Budweiser
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Joe Bruchis wrote to Ward Dossche on Tuesday July 15 2008 at 10:47:

JB> Looks like you guys will be drinking horse piss afterall! (-:

JB> America sells out again.

At those current bargain-basement prices (Dollar-Euro exchange rate), it's a
wonder the Euros don't buy up even more American industry.

But I don't think either side is particularly happy at the extreme situation we
presently have.

The depressed Dollar makes imports expensive to Americans and exports
attractive to foreigners - but the US industry has traditionally concentrated
on the USA and thus the advantage of cheap exports isn't as great as it could
be in other countries.

The inflated Euro makes imports (from Dollar zones) cheap, but hampers exports
because they are more expensive in terms of Dollars. That helps the EU pay the
high oil prices that currently prevail, but hurts exporting countries such as
Germany.

The subprime mortgage crisis comes in addition, and the overall combination is
presently driving economies worldwide into recession. The States is already in
recession, although nobody will admit that publically, and the EU is starting
to have problems as well. The "economic boom" politicians claim to have seen in
Germany over the last two years (although the man on the street didn't see much
if any of it) is at an end, and the recession will presumably be in full bloom
here by the end of the year.

My advice is to batten down the hatches for the next 1-2 years, as we're
heading into a major storm.

Cheers, Bob

--- GoldED+/W32 1.1.5-0613
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