View single post by jasontking
 Posted: Thu Jul 16th, 2009 08:40 am
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jasontking

 

Joined: Thu Mar 26th, 2009
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To add to this currency discussion.  One currency can have better buying power in the very short run.  If the US dollar strengthen over a short period, a person in the US would be able to buy an item for "less" if that item was priced in Euros for example.  But as a whole, over the long run it is just an exchange.  Everyones wage is based on their home currency.  A watch is not a great deal for someone in the UK just because it takes less Euros to equal 1 US dollar.