[quote=briansd1][quote=flu]
well, we might be driving $50k hyundais, but probably $30-40k BMW’s….At least, that’s what it looks like when you look at the Euro…..[/quote]
Don’t know about that. I remember the Euro = $0.85 USD in 2000. Now 1 Euro = $1.4 USD, notwithstanding the debt crisis in Europe.
Americans who cashed out of Internet stocks to buy real estate in Southern France are sitting pretty right now.[/quote]
Not as well as if you took my advice in 2007 and bought real estate in Vancouver, BC….
The overseas asians that wanted a lax immigration to a relatively benign country with a large asian population drove up the prices there to points where in some cases it’s more expense than new york city. Not to mention that also 1 USD is worth less than 1 CAN….
Sucks to hold on to greenbacks, doesn’t it?
Back to cars….Car companies will just open factories here in the US or increase their production capacity here if their currency is stronger than the USD…
and VW is opening a factory in tenesee (which UAW is desperately trying to unionize…Oh god no, please).
And Hyundai and Kia have been increasing capacity in their respective capacities in their factories in the southern states in the u.s. Pretty soon, it will be cheaper to produce here than abroad 🙂
