tag:blogger.com,1999:blog-55810628751042405462011-04-21T13:28:42.106-07:00EnglishTeacherhttp://www.blogger.com/profile/04037687355201469260noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-5581062875104240546.post-23864662004490980172009-03-02T06:15:00.000-08:002009-03-02T06:23:08.664-08:00I'm your typical English Teacher in a foreign country with student loans to pay. I realize that the world is in a mess right particularly the US. In spite of that, the Asian economies are still buying U.S. Treasuries. That portends good news and bad news for people like me. <br />One, it is bad. I've been following the exchange rate and I've noticed that every time there is a bailout, the currency I get paid in is devalued against the dollar. So, the money I must send home is far less than prior to the bailout.<br />Two, it is good news. If the Asian economies were not buying U.S. Treasuries and decided that they would be independent from the west--well, then, what would be the demand for English (in the long run)?<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5581062875104240546-2386466200449098017?l=bigideas-englishteacher.blogspot.com' alt='' /></div>EnglishTeacherhttp://www.blogger.com/profile/04037687355201469260noreply@blogger.com0