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Canadian Dollar At 10 Year High!
| Good [+1]Toggle ReplyLink» nothingnopenope replied on Mon Jan 12, 2004 @ 12:06am |
 Coolness: 201945 | how far ahead and with how much certainty can they predict astroids ? |
| Good [+1]Toggle ReplyLink» neoform replied on Mon Jan 12, 2004 @ 12:18am |
 Coolness: 340385 | ehh.
scotty, we're not gonna be killed by an asteroid. if we are.. i'll give you $5.. ok? |
| Good [+1]Toggle ReplyLink» nothingnopenope replied on Mon Jan 12, 2004 @ 12:36am |
| Coolness: 201945 | you should read about astroids, they are quite good at wiping out populations |
| Good [+1]Toggle ReplyLink» neoform replied on Mon Jan 12, 2004 @ 12:58am |
| Coolness: 340385 | and the odds aaaaaaare..? |
| Good [+1]Toggle ReplyLink» OMGSTFUDIEPLZKTX replied on Mon Jan 12, 2004 @ 3:03am |
 Coolness: 67235 | Something strange has happened with the rules of economy.
America has had a shit economy since 9/11 and the business scandals that followed. So why is that canadian economy is booming despite a currency that has risen in strength so fast, that it is considered the second strongest currency in the world, second only to the australian dollar. You'd think that our biggest trading parter would bring down our economy when their economy goes to the shitter. Infact, you'd think the world would be affected when a super massive consumer can't consume anymore. But that is not the case. EU, Britain, Australia, Canada, all thriving while the US is trying to catch up. To sum up, america is fucked unless its administration (not just Bush) is changed in november... |
| Good [+1]Toggle ReplyLink» nothingnopenope replied on Mon Jan 12, 2004 @ 8:39pm |
| Coolness: 201945 | well here is an example.. if I order an audiophile soundcard from the states it comes up to maybe 215$ cad including shipping and 7% tariff... If I buy one here it comes up to about 275+ $ once you add tax. |
| Good [+1]Toggle ReplyLink» neoform replied on Mon Jan 12, 2004 @ 9:37pm |
| Coolness: 340385 | more canadians aren't gonna cross the boarder just to shop now.. they'll do it here.
hell, i'll do it here, and i go to NY quite often.. |
| Good [+1]Toggle ReplyLink» michaeldino replied on Tue Jan 13, 2004 @ 9:50am |
 Coolness: 69695 | listen ...
the canadian dollar going up from 68.5 to 69.8 cents.... THATS bad for the economy... the canadian dollar going from 62 to 79 cents... thats different.. even though the US wont buy canadian products as much and spend as much in Canada, it doesnt matter since theyve been doing that for well over 2 years now (timber, beef, and all the other STUPID tariffs and embargoes theyve had against us... NAFTA? never heard of it) so we've gotten used to the idea that ths US is spending less money on us and we've partially adapted. but thats not hte reason taht the candian dollar will continue to rise before levelling off and returning to an above 75cent level. the canadian economy will continue to boom not just because the US economy is doing poorly. we dont need a low dollar to make money. how did the US do it when their dollar reigned supreme? when teir dollar went up, were they freaking out because people would spend less money in their country? pish posh wow.. i lost my train of though.. anyway the value of the dollar is no indication of how the economy is doing... no indication at all.. it is merely an indication of the Demand for the Canadian devise... less people want the Canadian dollar and therefore sell it back to the Bank of Canada so there are less Canadian dollars running around... and the sparser something becomes, the more valuable it is... thats all it means when the $CAD goes up nothing more... i am confident our economy will continue to boom even though the US may not.. our economy, while generally very closely related to the US economy, has often swayed from the american norm and gone off on its own (beneficial or not) tangents... we are not dependent on the states for our economic success wow.. i dont even know if what i wrote makes sense... there was too much i need to say and to little time |
| Good [+1]Toggle ReplyLink» Violence_Inc replied on Thu Jan 15, 2004 @ 11:01am |
 Coolness: 174810 | the man knows his foreign economics. props.
We should be self sufficiant. Fuck importing and exporting. |
| Good [+1]Toggle ReplyLink» neoform replied on Thu Jan 15, 2004 @ 11:27am |
| Coolness: 340385 | dino doesn't know anything about economics..
i saw him fighting with a vending machine the other day. i mean.. HELLOOOO! |
| Good [+1]Toggle ReplyLink» Toltech replied on Thu Jan 15, 2004 @ 11:35am |
 Coolness: 146140 | Originally posted by PSY-COMPANY...
thanks, in a couple of words, if we learn to live on the moon with practicaly nothing and you have to recuperate and recycle and grow food..... imagine what it would look like on earth ????? dude you don't have to go to the moon for that....just go to some parts of Ethiopia....they got nothing.....or all the way up in the great north.....nothing but snow....or in the desert....wtv you get the point, right? |
| Good [+1]Toggle ReplyLink» michaeldino replied on Sun Jan 18, 2004 @ 11:15pm |
| Coolness: 69695 | economics is fun |
| Good [+1]Toggle ReplyLink» OMGSTFUDIEPLZKTX replied on Mon Jan 19, 2004 @ 2:10am |
| Coolness: 67235 | the value of the dollar is no indication of how the economy is doing... no indication at all.. it is merely an indication of the Demand for the Canadian devise... less people want the Canadian dollar and therefore sell it back to the Bank of Canada so there are less Canadian dollars running around... and the sparser something becomes, the more valuable it is... thats all it means when the $CAD goes up nothing more... Currency's value is not just determined by how much currency there is. Currency is weighted against other currency. For instace, the US dollar is weighted against the euro, and the canadian dollar is weighted against the US. The value of the US dollar has dropped due to a billion and one reasons from corporate fraud to terrorism and war. As a result, the canadian dollar goes up in value. But as Moi pointed out, the US economy is failing and ours isn't and one of those reasons is that we have come accustomed to sudden changes. Another reason is that Canada hasn't been shaken up by the largest bankruptcies in the world nor by terrorism fears or war. The world has a lot more trust in Canada right now than they do in the US, which means Canada is getting a lot of investors' money, which means Canada can survive an out of the blue massive increase in the canadian dollar without much preperation. Also, there is a snowball effect happening here. The most the canadian dollar rises, the more Canada's true economy strength shines through by surviving the increase, the more investors will spend on Canada, the more the dollar will rise up in value. |
| Good [+1]Toggle ReplyLink» michaeldino replied on Mon Jan 19, 2004 @ 12:29pm |
| Coolness: 69695 | exactly!
Canada's economy is completely independent from the US economy... just because at times when the US economy does badly, the canaidna economy does badly as well, it does not mean that one caused the otehr... |
| Good [+1]Toggle ReplyLink» OMGSTFUDIEPLZKTX replied on Mon Jan 19, 2004 @ 1:29pm |
| Coolness: 67235 | No, it does.
The reason why canada is doing so well is because the US is doing so poorly. |
| Good [+1]Toggle ReplyLink» michaeldino replied on Mon Jan 19, 2004 @ 2:04pm |
| Coolness: 69695 | i dont think so... it has a bearing yes... but canada can fend for itself
it doesnt necessarily need the US to do bad so we can do good... (also... it makes no sense that canada does good when the US does bad since usually our economies increase and decrease together... them being our largest trade partner_ |
| Good [+1]Toggle ReplyLink» OMGSTFUDIEPLZKTX replied on Mon Jan 19, 2004 @ 4:12pm |
| Coolness: 67235 | right now it makes sense because of the lack of investor trust in the US right now. So investors are turning to Canada and investing money into Canada.
Political stability plays an important role in economy and right now, the US is very politically unstable considering they are no longer in peacetime. |
Canadian Dollar At 10 Year High!
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