I don't know about you guys, but I've been watching the unfolding financial crisis in horror and anger. Declining home values combined with a crashing stock market have made us a whole lot poorer on paper than we were just a few months ago.
I won't get into the politics of it except to say that we're caught in a real dilemma with this mess. If we let the greedy and the stupid suffer the fates they deserve, they'll take the rest of us down with them.
Let's pray that our economy is a whole lot more resilient than it appears right now and that we get through this downturn quickly.
But there is one tiny bit of very good financial news in all of this--for us anyway.
The US Dollar is absolutely rocking against the Euro right now. Take a look at the chart above. Just three months ago it would have cost you $1.58 to buy one Euro. Today you can buy a Euro for $1.35. This means that the price of everything in France is a whole lot cheaper than it was three months ago. That doesn't mean that France will be cheap, but this is big difference.
Nobody can predict the future, but it would be really nice if this trend continues at least until next June.
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