Word: putted
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Dates: during 2000-2009
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...anarchy of earlier times has gone, particularly since the government moved from Bonn in the 1990s. Birkenstocks have made way for handmade $400 Trippen boots "that express an individuality not found in the traditional mass market," as the Berlin company's founders, Angela Spieth and Michael Oehler, put it. Especially in parts of Mitte, there's been a mini-invasion of BMWs and Mercedes in smartly restored streets that just a few years ago were pockmarked legacies of communist-era neglect...
...This marks a big change. As Thailand's Prime Minister Abhisit Vejjajiva said during the recent ASEAN summit, "The old growth model where, simply put, we have still to rely on consumption in the West for goods and services produced here, we feel will no longer serve us." This is especially true because China, which is poised to overtake Japan as the world's second largest economy, is an increasingly important trading partner for countries such as Japan, South Korea and Indonesia. "Asian firms would do better to reorient their exports and production towards meeting the demand of Chinese consumers...
Since March, the dollar has lost about 15% of its value against the world's other major currencies. That's a dull way to put it, though, so you're more likely to read or hear that the greenback is "wobbling," "slumping," "plunging" or even "collapsing." Marc Faber, a Hong Kong-based investment guru with a flair for the dramatic, went so far as to declare in a TV interview a few weeks ago that the U.S. currency was on its way "to a value of exactly zero...
...strong growth in China in particular, we now have an unbalanced system in which the dollar is overvalued against the Chinese yuan (among other emerging-market currencies). That has contributed to big U.S. trade deficits and, as China built up a huge stash of dollars it needed to put somewhere, to the credit bubble that precipitated the financial crisis. There's widespread agreement that this setup has to change but little agreement about how to change it. Which is a risky situation...
...other than worry vaguely? Think twice about traveling to Europe, maybe, because it's really expensive. Hope a somewhat weaker dollar will help revive this country's beaten-down manufacturing sector - as seems to be happening - but also hope a dollar slide doesn't turn into a collapse. And put at least some of your money into investments (foreign stocks, gold, other commodities) that stand a chance of thriving even if the dollar doesn...