Ron Johnson <ron.l.johnson@cox.net> writes:
> A third of the way down the page is this quote:
> So what are the causes of the high debt-to-income ratios in
> Europe? Expensive labor. Expensive exports. Expensive currency.
Check a chart comparing the Euro to the DJIA. As the markets have
fallen (world wide), the strength of the Dollar has grown (and the price
of oil — in Dollars — has fallen).
Which leads me to an interesting question: As the Dollar becomes more
expensive compared to other currencies, what effect does that have on
the debt-to-income ratio? Or does the effect of expensive labor and
exports overwhelm the effect of cheaper currency?
Mark.
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Received on 12/09/08
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