FsPassengers for FSX official note and Blog !

[KenG]

DonRioja wrote:
And this brings me to the second Argument: The Developer of this addon is NOT responsible for interest politics of the Fed. Your
government has been able to bring the dollar from 83 cents for one Euro in 2000 to 1 Dollar 60 this summer. So, blame it on them, not on
Dan

Lukas,

While I am sure that most of the world would like to blame all of the plight on politics, the current trading rate of the USD is based on a
combination of factors and not wholly on Mr. Greespan's role in keeping interest rate low. While I am sure that most Europeans could care less about US economics, the fact that the EURO had dropped to $1.28 earlier this month to just rise again to $1.48, a $0.20 rise in about 15 days shows more to the instability of world markets than can be blamed on interest rates.

Spending lots of time outside of the US I can follow good trading rates in regions where the market is crashing (Asia) and feel the crunch where markets have rebounded (Europe). While I would love to blame Mr. Greenspan for a weak dollar in Europe to do so would just show ignorance in macroeconomics. Besides, Mr. Greenspan has forgotten more about world economics than I will ever know.

I don't blame Dan either for international trading. Dan lives on the Euro and has every right to sell his product in the currency that his country
uses. The rest of us just have to "live" with whatever trading rates we can get.

As I had joked earlier, FSPX costs 11 cups of Starbucks. Replace Starbucks with Folgers and in 2 weeks I will have saved enough.



Post Edited ( 12-21-08 02:18 )