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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (373690)	3/11/2008 5:08:19 PM
From: tejek	Read Replies (2) \| Respond to of 1572988

What's frustrating is that oil is pegged to the dollar which is very weak compared to the major currencies in the world. So the increase is killing us but having only a minor impact on Europe and Japan. When I talk to my German friends, things are doing well [ie the house sale I posted yesterday]and they can't understand why we are so gloomy. That is weird and unusual. Been around a while and seen a lot but not exactly whats happening now. I don't really know what to make of it... except that it's not good. That's what's so frustrating......this disconnect from the rest of the world is not new. For the past 5 years, the bourses in other countries have done much better than the markets in this country. In fact, the Dow and the Nasdaq are seeing some of the slowest appreciation in the world. Right now, one of my German friends is an architect on a London project where the one bdrms are slated to sell for 1 million pounds......that's roughly $2 1/4 million dollars. And if you think this boom in London housing prices is new....think again. Back around 2000, there was talk that there was a housing bubble in London. Since then, it has quietly deflated and now prices are starting to move up again.....no subprime fiasco, no plunging housing prices, no horrific hand wringing. And like I said earlier, foreign currencies have held up much better than the dollar. So the oil problem that we have is not shared by the rest of the world. In addition, oil importers like Germany and England have been slowly weaning themselves off oil. Their major cities all have considerable mass transit so people don't have to drive their cars......apparently idiots like Eric are in shorter supply there. We are the Japan of the 21st century. Everyone else is pretty much in the green as we struggle. That's why I get upset with some of the commentary on this thread......the global view is things are fine.......its the domestic view that's terribly mucked up.