Posted:
#1
How much longer is the Canadian dollar going to continue to do this well? Closing yesterday it was sitting at $104.90 and even jumped above $1.05 during the day.
Thoughts?
The Canadian dollar
Views: 459
Posts: 13
Posted:
#6
1 us$ gets you 0.922 Loonie and 0.687 Euro tuesday nov 5th. 
wonder how much longer the OPECers will tie to the dollar? I know I wouldn't want to lose $$$ every time I made a delivery of a product. I would wager they tie to the Euro sometime soon.
that's when the inflation shit will REALLY hit the fan in the US.
Posted:
#7
Funny, 90% plus dont get it.
People think because the market is at new highs that nothing is wrong.
Little do most people know we are selling the assets of the company in order to prop up the share price.
Reminds me of Enron..bad accounting, smoke and mirrors that will implode and destroy.
Wait til the Fed has to stop the faucet and foreign demand for our assets reverses..it will be a nasty nasty period for the market, add any recession and you have a recipe for a MONSTER disaster.
I wouldnt want to be president of this country after what Bush and the Fed has done..the next guy has ZERO chance of success.
People think because the market is at new highs that nothing is wrong.
Little do most people know we are selling the assets of the company in order to prop up the share price.
Reminds me of Enron..bad accounting, smoke and mirrors that will implode and destroy.
Wait til the Fed has to stop the faucet and foreign demand for our assets reverses..it will be a nasty nasty period for the market, add any recession and you have a recipe for a MONSTER disaster.
I wouldnt want to be president of this country after what Bush and the Fed has done..the next guy has ZERO chance of success.
Posted:
#8
walls, I think we are in the "summer of 1929" right now. with all the weakness in ag and small business back then, the market was making new highs. that all came to an end in october with the crash. the "hedgehogs" are leveraged now just like the public was back then. the housing real estate market is coming apart now like the stock market did back then. people that were using their home value as an ATM are now under water with their loans and there are mass foreclosures.
oh, and the US$ is STILL going down "like a turkey turd from a tall pine tree". today the Lonnie is 0.9184 and EURO 0.6817 for 1 US$
Posted:
#9
Rat,
Funny..
I always use this example, but when I was a broker and Clinton was on his way out, I had a client who sold all his assets, over 150k which isnt chump change and transferred his acct to a ultra full broker so he could purchase the Euro..at that time the greenback was 1.20 plus to the Euro.
So since Bush has been in office on HIS watch, the value of our assets/currency has dropped about 50% versus the Euro and similarly against the Loonie.
And we have nowhere to go..we are using our emergency food storage so to speak to save our economy.
The only reason I can see that the Fed and this administration is doing this is an attempt to keep a REPUB in office. I dont see any other economic reason for doing this. Do you?
Funny..
I always use this example, but when I was a broker and Clinton was on his way out, I had a client who sold all his assets, over 150k which isnt chump change and transferred his acct to a ultra full broker so he could purchase the Euro..at that time the greenback was 1.20 plus to the Euro.
So since Bush has been in office on HIS watch, the value of our assets/currency has dropped about 50% versus the Euro and similarly against the Loonie.
And we have nowhere to go..we are using our emergency food storage so to speak to save our economy.
The only reason I can see that the Fed and this administration is doing this is an attempt to keep a REPUB in office. I dont see any other economic reason for doing this. Do you?
Posted:
#12
and rates are low,
BUT money is TIGHT. people trying to refinance can't get the time of day from the same mortgage companies that were throwing money around like monkeys 6 months ago. the FED will do anything for the motherfucking money center banks like Citi but NOTHING for the home buyers that are stuck. now don't get me wrong, I don't think the FED should bail out speculators who leveraged a few thousand bucks to buy 3, 4 or 5 houses to "flip" and got smached BUT those that are looking to refinance the home they and their family are living in should get help. otherwise the repos will cause a cascading crash in housing like the stock market crash in 1929. ANY FED help to these moneycenter banks and mortgage companies should be contingent on their providing loans to those people.
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