The dollar is increasing in value, so we are happy for what the means to our current travel plans. And for what it means to the US. Here is some analysis as to why. It is a competitive world, and it was apparent recently that just as in the 80's, other nations were rooting for our decline. What now seems apparent is that what goes around comes around.
While a weakened dollar was driving US exports higher, it was also propping up high oil costs, and hurting our economy. Now we are seeing the dollar rise against other currencies. Reports of the demise of the US economy, so relished by other countries and some people withing this country, seems to be premature, as Mark Twain said.
If you read the blogs on my side bar, you can see in Carpe Diem that the economy grew by over 3% last quarter. Once more, a recession is non existent, despite what the media and politicians want you to believe. More evidence of how resilient and fundamentally strong the US economy is.
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