Bruce T. wrote:
Roger wrote:
Why would anyone bet on the dollar versus the Euro?! With our deficit
spending the dollar will continue to decline!

Craig

Our deficits are now declining

Unfortunately, the only deficit declining is the projected budget
deficit, and that's still projected to be quite large. Our actual
deficit continues to grow, since we haven't had a surplus a several
years now.

and are paid for by the Chinese.

They are loaning us large sums of money, but I suspect they will want it
all back, plus interest.

So, while betting on currency moves is always a risky business, I'd be
inclined to bet on the Euro by ordering that nifty new glider. I've
owned 5 German gliders, and netted $10,000 on the four I sold. For the
good of soaring in the USA, I hope I don't make any money when I
eventually sell my present glider, because it will mean prices have
risen even higher. That's not good for soaring.

--
Eric Greenwell - Washington State, USA
Change "netto" to "net" to email me directly

"Transponders in Sailplanes" on the Soaring Safety Foundation website
www.soaringsafety.org/prevention/articles.html

"A Guide to Self-launching Sailplane Operation" at www.motorglider.org