Friday, March 28, 2008 9:06:18 AM
I have worked in both the US and the UK and have family in both countries, which is why I wanted to highlight that - with exchange rates as they are - suggesting that someone take the UK price and multiply by (roughly) 2 to get the dollar price doesn't give you an accurate picture of consumer spending power.
This is also why the US is such a bargain vacation spot for people in the UK right now - it's like doubling your money. Ditto why US exports are doing really well - they're artificially cheaper and more competitive because of that.
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