Monday, February 14, 2011

American's are running out of cheap holiday locations - Visit Vietnam

Fourth devaluation since late 2009, a huge one at that: a full 8.5%. This means that the incredibly shrinking dong is now worth only 20,693 to the American dollar, down from 18,932.  Basically they are keeping exports and jobs growing by making their currency incredible cheap and running huge deficits.  This is what Obama is trying to do, though he still can't create any jobs because employers are afraid of his tax policy.

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