16 years
US dollar still getting stronger:
Like as I said before, investors are selling their assets for a big shopping in the US. They sell their stocks from the EU (even British and German stocks are dropping), sell their Euros, Pounds and whichever major currencies they have (which all are falling) to buy dollars (getting stronger) and put into several diverse investments between stock to oil and other resources... Same thing happened with oil futures during summer, however this one is more diverse, also the market is like cloudy water due the panic. Stocks are so cheap now it is a now or never opportunity, and if you know what you're doing, you can make shit loads of money. IMHO Google will never be bankrupt... ;)
Good for European hostels? Bad for US hostels? Or will backpackers travel either way?
Strong dollar makes Europe cheap for Americans and expensive USA for Europeans. USD haven't been so strong since 2 years, however it's economy is still crap, so I figure it's a kinda one of the last heart beats. USD will be weak back again as soon as the stock floating stills down. The question is: when??? And what should we do until? :cool:
From the backpackers side, the present situation could increase future US tourists in Europe if this effect lasts longer (+). The present American backpackers will spend the same budget anyway but in more countries (+).
In the US side it will be the opposite.
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