Originally Posted by GoingWalkabout
Sorry to rain on your parade but a stronger dollar will make most of what the US consumes cheaper. Including boats. What we are seeing is a rush of money
into the safe haven of the US. Do not underestimate the Russian military threat along with its downturn and follow on effect on Europe. Add to this the unresolved Greek issue and other not reported on basket cases such as Spain
. A lot going wrong for the Euro and a lot moving in the right direction for the USA.
The Euro should have been bellow the US Dollar years ago based on fundamental economics. But sometimes things take time to shake out. Now your seeing the beginning of the shake out.
No worries your not raining on my parade mate - I bought my Euro boat when the AUD was having its run and have done quite nicely
Ill be back on my boat in greece
in a few short months and will continue to benefit from the weak Euro then too (though its hard to look past the misery there in the youth i have to say)
Im just pointing out this isnt a one way street and just like has happened here in AUD land a strong currency destroys GDP in a world where everyone is trying to devalue to the bottom. Your cheaper consumption
you point out equals gaping trade deficits and that spells trouble for the US recovery the world needs to see.
Dont take my word for it just watch the deficits start to print and then watch the markets start to worry. Watch the chatter about the Fed having to move on QE4 and then watch the real S*&^ hit the fan.
Hyper inflation anyone?
Time will tell.
Now has become a great time to buy a Euro boat with USD but having been there done that I wouldnt sit on my hands too long. This year should be the sweet spot.