[nylug-talk] Does this situation in any way mirror what is happening in the tech sector?

[Miguel Gonzalez Castaños]

jh escribió:
>> On Friday 21 September 2007 05:22:25 am Kevin Mark wrote:
>>     
>
>   
>> A large percentage of grad students today are from outside the country.  
>> Schools like mine love oversea applicants because they don't get financial 
>> aid (or much of it) and so they pay so top dollar in a more hassle free 
>> manner.  
>>     
>
> This isn't just grad school.
>
> I live in Clinton Hill, near Pratt Institute. The weak dollar has 
> apparently worked in the favor of foreign students and Pratt. There is a 
> massive increase in the number of the incoming students this year that 
> is from overseas. I'd guess that the number has at least doubled, 
> perhaps more.
>
> My gf's younger sister is a senior at Yale. She's did freshman 
> orientation. She reported the same thing - a sudden and pronounced 
> influx of overseas students.
>
> Bridges and roads are not the only thing rotting in American 
> infrastructure. This is going to be a sad place in a few years, I'm afraid.
>   
The reasons of why the dolar is so weak

http://www.economist.com/finance/displaystory.cfm?story_id=9804394

The US goverment has been paying goods with loaned money, as long as the 
rates were low and the dollar was strong, other economies were giving 
that money (China goverment mostly). Now that trusting has decreased 
since the US is not growing as expected.

Considering that the US people don't have a tradition on savings, this 
is going to be bad. Unfortunately for Europeans is not going better...We 
are starting a crisis period...that's almost for sure...

Miguel