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US Economy in CRISIS! (pg. 26)
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| Engine9 |
if us economy sux so bad
why is our dollar no longer same as US???
just wanted to buy something from states and got owned |
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| Dj Smitty20 |
| ^^^ exactly my point, thanks. |
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| Yohan |
| quote: | Originally posted by Dj Smitty20
^^^ exactly my point, thanks. |
Note that most countries are hard pressed to provide and fully equip 1000 troops. For easier command and control, ABCA (US, Brit, Canada, Australia) has more integrated command and control system with each other, while some NATO countries (even France) harder to coordinate and cooperate with.
Furthermore, US is providing the most troops by far and is best equipped, hence they are taking the leading role.
Political considerations... Well, that is another consideration as well.
Interpret the data as you will, but it's not just who wants to fight, but who is able to fight as well. |
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| Yohan |
| quote: | Originally posted by Engine9
if us economy sux so bad
why is our dollar no longer same as US???
just wanted to buy something from states and got owned |
export economy like canada (and china, etc) relies on lower currency to offset the exchange rate. hence the govt and bank of canada are doing whatever to keep canadian dollar low, or else our economy might suck, esp with us economy in trouble |
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| Pett |
| quote: | Originally posted by Pett
so how obvious is it that the tsx will respond positively tmmr.
free money for those who have it |
"TSX leaps in biggest intraday gain yet" |
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| VERTiG0 |
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| SniFFleS |
| quote: | Originally posted by Engine9
if us economy sux so bad
why is our dollar no longer same as US???
just wanted to buy something from states and got owned |
Commodities are down over the past few weeks. Such as oil, but it will be back soon enough once these bailouts fail. |
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| Engine9 |
| quote: | Originally posted by SniFFleS
Commodities are down over the past few weeks. Such as oil, but it will be back soon enough once these bailouts fail. |
so u are saying our dollar should be back up soon, right?
it already went up 1.86 cents yesterday
http://canadianpress.google.com/art...mGXhTwieNipn0FA |
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| exstasie |
| quote: | Originally posted by Engine9
if us economy sux so bad
why is our dollar no longer same as US???
just wanted to buy something from states and got owned |
a weaker canadian dollar does not mean a weaker economy btw...
Especially when a strong Canadian dollar hurts our economy.
aka, what Yohan said.
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| Engine9 |
| quote: | Originally posted by exstasie
a weaker canadian dollar does not mean a weaker economy btw...
Especially when a strong Canadian dollar hurts our economy.
aka, what Yohan said.
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yes im aware of this
im just surprised that in the summer our dollar was 1 to 1, even tho both economies were good
now us economy is weak, while ours is still ok but somehow our dollar is more then 10 cents less then the american one.. but as Yohan said its probably because our govt and banks are trying to keep it low so that our exports dont suffer and keep our economy going..
anyhow im fairly certain the US dollar should sink lower in the coming months, as ppl look into the Euro as a more stable currency... |
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| Orko |
| quote: | Originally posted by Engine9
yes im aware of this
im just surprised that in the summer our dollar was 1 to 1, even tho both economies were good |
Assuming the US economy was 'good' is your first mistake. If the last month should have told you anything, is that the fundamentals were broken, and the system was rotting from the inside until they hit a brick wall. Sure consumer spending was high, but that does not equal a strong economy.
As for our lower dollar, I think it has more to do with lower global demand for our goods, than our government controlling the money supply. I have not personally read much to suggest that the Bank of Canada has increased the money supply enough to devalue our dollar by this much. It has increased the amount of credit available to banks in order to shore up lending, but it hasn't just started printing money.
If the world is indeed heading for a recession, that means less spending, less building, less consumption. Since Canada is a commodity based economy, the world is requiring less of our goods, and we are not valued as highly.
We have a lot of energy and mining related industries, which by default require very high capital investment before a penny of profit is ever seen. With commodities (especially oil) dropping, all those oil sands projects just because less profitable, which means investment will be stifled until it makes fiscal sense to start digging again. Remember the oil sands only boomed because crude was so stupidly high. Now with it returning to a reasonable value, so will the amount of investment and activity in that sector. |
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| jon jon |
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