What are analysts saying about this situation?
Should I be converting all my monies to canadian currency or should I wait it out?
Should I be converting all my monies to canadian currency or should I wait it out?
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ICQ: 298-523-037 -
Very, very slowly. -
USA (and mostly the emigrants) are a working nation, and stick good old Americans in a recession, and you'll get the best qualities out of them. People will work hard, share more, invent ways to make life cheaper and more efficient, etc.
So, if the dollar drops to rock bottom and recession hits the nation, it WILL bounce back.Comment
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I hear 90 cents by the end of the year...thats the canadian dollar worth 90 cents us. but I am in the same situation and dont know what to do.Comment
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i hope so ..Compound interest.Comment
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Over here we're being told it's going to get a lot worse before it gets better
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Unlikely. With Canadian economy being this strong and the oil reserves allegedly second largest in the world, I don't think US dollar gets a chance for at least next 10-25 years...Comment
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It's not about the Canadian economy being strong, it's about the US economy and demand for USD being weak.Last edited by cambro2; 10-01-2007, 09:29 AM.Comment
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yeah people keep saying how strong the canadian economy is...but it hasnt changed much compared to other currency so obviously its just the falling us dollar.Comment
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i think the increase will last maybe 2-5 months after that the American will most likely go back up.
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somebody should fire up the quebec separatists again, that usually drops the C$ by at least 10 cents...Comment
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Wait till the 2008 elections, and hope that the next US president is a genius. Then we'll have a reasonable rate again by 2010-2012
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Some analysts here in Australia are suggesting that the US dollar will continue to fall in value and will never recover to the levels we once knew.
They also suggest that the economic centre of the world has shifted from the US to Asia and especially China. It seems that Australians can also look forward to parity and it will come very quickly when the $A breaks through the 90 cent barrier.Left intentionally blank ... just like my brainComment
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The Dollar will strengthen when the feds raise the rates.
China does not want a strong currency. It's goods would no longer be worthwhile to import and they would be fucked.
The whole reason Asia is doing as well as it is, is because goods and labor are cheap. If it costs to much to buy from China, we will just have it made here instead or another country with a weak currency.Comment
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I really hope china fucks up....so we can re-open our textile, toy, & tool mills.
We took over the world after the 2nd world war by being the Manufacturing king. We could pump out more tanks, more bullets, more clothes, etc.
Now we are quickly turning into a consumer only culture, which leaves us weak in case of world war.Comment
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Once the U.S. started importing products because it no longer makes them, and started importing energy because it no longer produces it, and started ballooning government debts because it no longer can pay for its own budget, it's been on a path of decline as an economy and as a nation.
I see the day when the U.S. starts importing its basic food needs because most available land is being used to produce biodiesel then it's really fucked.IntegralPay LLC | www.integralpay.com
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Unfortunately nobody really knowsComment
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Things might improve after the election unless a Republican wins and they control congress.
Republicans spend spend spend and print print print new money.
Just think... if we tried to print money, they'd throw us in the pokie!!Comment
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How many times do I have to say this:
"Sponsors, I want my money in Euros from now on."Comment
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i don't think it will ever go back up to where it use to be.Rosalia M.
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Skype. cherrylipsrosaComment
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We got OIL!
Lots of it!!!Comment
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Canada is the largest supplier of oil to the U.S., with over a million barrels per day coming from tar sands.
http://en.wikipedia.org/wiki/Athabasca_Oil_SandsComment
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US dollar is going nowhere - tho probably downwards - a lot.
The Canadian dollar and most other western-world currencies are fine - the problem is a lack of performance from the US. Basically there is nothing to offer other than requests for more loans and debt.
All Wall Street hype and media bullshit is irrelvant - only the truth matters. Until the US has anything to offer other nations, the economic relevance will continue to decline. Talking bullshit about politics, abortion, rights and fantasies of "freedom" don't count - only hardcore evidence of getting a grip on fiscal policy and implementing that policy over a sustained timescale matter.Comment
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dammit
ICQ: 298-523-037Comment
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I hope it wont get to this:
Because if the US economy goes really bad, we will suffer some type of repercussions ...I know that Asspimple is stoopid ... As he says, it is a FACT !
But I can't figure out how he can breathe or type , at the same time ....Comment
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Well when democrats return to goverment dollar should raise again.Comment
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