"Already wounded by the global economic slowdown and
a severe drop in spending on new equipment and factories, American
manufacturers say their plight has been made far
worse by a dollar that is still more than 20
percent higher against other big currencies
than it was five years ago."
We're damned if we do and damned if we don't. A strong dollar
and we can't sell anything; a weak dollar and we can't buy
anything (it's a global economy, we know!).
The dollar is 20% higher than it was 5 years ago? Well,
I think it's about 120 yen to the dollar these days. It was
260 yen to the dollar when I was in Japan in the mid 80s.
And it was 4 Deutschmarks to the dollar when I was in college
back in the 60s (I remember the prices on some German books
I bnought).
Where's the beef? (not the prions!)
\brad mccormick
--
Let your light so shine before men,
that they may see your good works.... (Matt 5:16)
Prove all things; hold fast that which is good. (1 Thes 5:21)
<![%THINK;[SGML+APL]]> Brad McCormick, Ed.D. / [EMAIL PROTECTED]
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