Monday, September 26, 2022

Economics Lesson Sep. 26th

Sorry, I've not written a blog in a while. Grandma as many of you know was sick in the hospital for over a week. 

Man, the economy is a mess. I get up this morning and the currency exchange markets( FX) have gone mad.

The Euro is one Euro can be bought for 96 cents American.

The British Pound was down to $1.03 dollar buys you 1 British Pound. ( It's changed a bit, it's $1.07 buys one pound)

144 Japanese yen will get you $1. 

Man, while it looks good for travel to Europe for Americans, it is bad for the world economy. 

And traditionally a strong dollar means there is about to be economic turmoil, because it means everyone around the world is trying to acquire the dollar.  

Again, as I have said, The American Dollar, don't leave home without it. 

And in Britain, there is concerns over their economy, all headline news.

The Daily Mirror

The Daily Mail

Telegraph 

You might think about not buying big-ticket items.

You might want to either hold off on a big Christmas.(Or spend knowing next few years won't be so good.)


 

 


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