The fed needs to raise interest rates in order to have a strong dollar. The fed needs to lower interest rates to help the housing market. I have a feeling they will do neither.
This can be good for us, find a angel or VC in Britain where there Sterling is now worth more then 2 of our dollars.
A few years ago I owned the domain ehosting.com, I sold it to a hosting company in Britain they were really happy that they were getting it at close to half price (not that they paid much for it anyway). That has always stuck with me and the value U.S. startups might have to a UK investor.
Comments
The fed needs to raise interest rates in order to have a strong dollar. The fed needs to lower interest rates to help the housing market. I have a feeling they will do neither.
This can be good for us, find a angel or VC in Britain where there Sterling is now worth more then 2 of our dollars.
A few years ago I owned the domain ehosting.com, I sold it to a hosting company in Britain they were really happy that they were getting it at close to half price (not that they paid much for it anyway). That has always stuck with me and the value U.S. startups might have to a UK investor.
Mike Shedlock has some interesting background data:
http://globaleconomicanalysis.blogspot.com/2007/10/what-fact...
My summary/opinion: http://irei.wordpress.com/2007/10/17/will-the-dollar-collaps...
this scares me. but it's needed.