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post #6 of (permalink) Old 07-21-2003, 12:45 PM
dretceterini
 
Join Date: May 2003
Posts: 6,139
the problem is the value of the dollar

Circa 1985, the dollar was worth 10 French Francs (for example). Today it is worth about 5.5

The switch to the Euro and virtual elimination of national currencies has now stablized, but that makes the dollar worth about half of what it was at that time.

This, plus 15 years of inflation is what makes cars coming from Europe cost what they do today.
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