It’s not that I’m any more interested in US politics than I am in UK politics, but more that I’m tired of the continued press obsession with reporting every little detail of the party candidates – I think I know more about Obama and Clinton than I know about any of the UK political party leaders, and more importantly I’m getting very scared about the rate at which the US economy continues to devalue the dollar.

For most people, the dollar devaluation is a good thing – this is a great time for Brits to visit the US because we’re getting a lot of dollars for our pound sterling (just remember folks, that you don’t get more baggage allowance on the airlines so having more to spend doesn’t mean you can necessarily buy more goods to bring back!). A holiday in the US is going to cost a lot less this summer than it has for many, many years and so anyone with a US trip in the pipework should be celebrating. Then there are those like me who are paid in US dollars which means that we are converting money from dollars into pounds and it’s taking more cents to make a pound these days. This will be the same for anyone who has shares or other investment in the US market – unless of course they can afford to wait it out. On the other hand if your buying in dollars, like the seo london company I work with sometimes, you suddenly are getting everythinig cheaper. I never understood how currency in one country affected the economy in another country until now. It’s quite scary!

This is a good time to invest in the US. While our own property prices are falling, the US property prices are also falling, but when you convert strong pounds into weak dollars, you’re going to get a lot more for your money than you would even this time last year. It is a good time to go to the USA, to buy property in the US, to go and have hair loss treatment there. Of course it’s going to take some time to see a return on any investment you make, even once the US election is settled and a new president sits in the White House, but over time the dollar should start to resurrect itself and the US economy get back onto its feet allowing you to hopefully cash in on investments made now. For others like me however who are reliant on a steady cashflow of dollars to pay the bills, our finances are as weak as the US currency!

This entry was posted on Monday, February 8th, 2010 at 4:09 am and is filed under 1. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.