Sunday, October 12, 2008
A Silk Purse from a Sow's Ear
Okay so the global economy is headed straight into the toilet and there's not much we can do but sit on the sidelines and watch our pensions and the kids' college savings accounts swirl downward into the abyss. But there is one small bit of good news for American expats: the dollar is the strongest that it's been in over a year, clocking in at the close of business Friday at $1.35 per euro. (It was as bad as $1.60 last winter.) I've had my share of economics courses but lately, it seems the more I read, the less I understand. In the meantime, our daily bread is that much cheaper. Guess I'll take what I can get.