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05-18-2003
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#9 |
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Members
Join Date: Dec 2002
Location: Six Feet Under
Posts: 2,150
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Dollar value has had an impact on our profits... ½ our programmers and designers are located within the EU. In the last 12 months this have put a 20% higher cost when buying with dollars in the EU.
IMHO - I think that Bush wants the dollar to fall even more against Euros and other currencies in the next 12 months... Probably one of the things needed to start the US economy is a low value on the dollar. Good for the export from the US - bad for the export from Europe.
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"Chaos is the law of nature, order is the dream of man." ~Henry B. Adams (Historian) 1838-1918 |
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