For awhile, I didn't know what could help the United States recover from its economic demise, but now I do: the Swiss tourists.
There's a lot of excitement among Swiss and expats in Switzerland. They can't wait to go on a shopping vacation–to the USA. Among Europeans, the U.S. is now considered a budget destination. See above, this was the leading topic in today's newspaper, "20 Minuten."
To further the incentive, the dollar fell yesterday to a new record low against the franc: $1 is now only worth .87 francs.
In just six months, the dollar has fallen 10%; 17% for the year against the franc. Since I moved to Switzerland five years ago, the dollar has fallen a total of 30% in value. Now that's a reason to get home and get shopping.