The Euro versus the Dollar

Euro which is the official currency of European union has replaced US$ as the most valuable convertible currency.With United States busy in a war and spending resources which are very limited in nature,there is no chance the US Dollar will recover for another 5 years.It will recover only if Hillary Clinton becomes a president for next 10 yrs.
However as the wall street pundits are predicting that with devalued $ the US exports will rise.This,I consider a very narrow minded view.For US exports to rise many factors are required,

1. Skilled Labour.
   
2. Quick project implementaion.
3. Raw materal resourcing.
4. Expensive real estate.
5. Lower bank lending rates.

If by chance these factors  can be overcome within 1 year,which is very unlikely seems the US policies have to undergo a long overhaul.US companies who have been outsourcing for last 15 years will find it very hard to start from scratch in united states.It will be tough to beat services outourcing to India.Secondly the US population which is fluent in management and higher skills is aging.You dont expect the afro-Americans or hispanics to replace them(no racial offence intended).Skill shortage shall be high because the highly skilled are finding ready market for themselves elsewhere in Europe and Asia.
There is no doubt that immigrant fromeurope after the world war-2 brought many skills includng languages to the benefit of US industry.the Germans brought technology,Jews brought media and Banking skills.
Dollar it seems is going for a freefall until a miracle happens.