I mean c'mon.
Parity is SOOOO 11:00. It's the afternoon now.
Time to start thinking about a loonie worth USD 1.05!!!
And if oil goes over $100? Can I hear $1.10!?!?!
Thursday, September 20, 2007
Parity is old news... how about the loonie at $1.05 U.S.
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3 comments:
Oh I could live with that, seriously, my business has been strangled for years because of the low dollar, my vacations and business trips are not costing less, much less.
Also since I have been reducing my personal debt load and increasing my personal/family savings I welcome the idea of higher interest rates.
For near future I plan to continue paying of debt and growing my savings. There is an economic storm coming and when it blows in from south of the border I plan to we prepared to weather that storm. After the storm passes I plan to be excell position to take advantage of the next economic cycle.
To bad we don't have a real Conservative Government in power, and as much as I hated Chretien, he was the closest we came to proper Conservative Fiscal Managament. Right now we Send Happy Harper who is following the same formula for disaster as Bush created.
What am I supposed to do with my green Monopoly money? I'm going to have to sell Baltic Avenue!
And for those worried about exports, I have one word for you.
CHINA.
They still need oil, and lumber and wheat just as much as ever... even more! I think it's conceivable that in the next 10 to 15 years we could get to a point when problems in the U.S. economy effect us a lot less than they do today, as China's demands for our exports pick up the slack. And while Harper's spending worries me, I'm still pretty confident on the fiscal front. We've got a CULTURE of balanced budgets and fiscal reserve in Canada now (thank you M. Chretien) and the opposite is very unpopular (i.e. UNWISE for politicians). I don't disagree that Harper's spending is worrisome, but I feel confident that he can't take it too far. The people won't let him.
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