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Old 07-24-2007, 10:14 PM  
Fishpicker Fishpicker is offline
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Canadian dollar worth more than ours...

how do you feel about it?

this is a first for me. I was born in '76 and the US $ has been worth more up until now. At least there wont be alernate prices on book covers anymore. I think it's a shame that our dollar has lost so much value. I mean shame in the traditional sense, not just some unfortunate circumstance.

the Canadian dollar was worth 67 cents at it's low point. that must have been quite the economic resurgence that Canada experienced. Either that, or our Federal Reserve bank system is messed up.
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Old 07-24-2007, 10:21 PM   #2
Logical Logical is offline
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It couldn't possibly be because Canada has got their act together while we are facing massive debt being incurred year after year. Nope it is our flawed Federal Reserve System.
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Old 07-24-2007, 10:22 PM   #3
OnTheWarpath58 OnTheWarpath58 is offline
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I've been to Canada 3 times.

In 1999, the CAD was worth .72 to USD

Last year, the CAD was worth .85 to USD

We were there last month. .99 to USD.

Canada used to be a great value for vacation. Now it's downright expensive.
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Old 07-24-2007, 11:45 PM   #4
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Quote:
Originally Posted by Logical
It couldn't possibly be because Canada has got their act together while we are facing massive debt being incurred year after year. Nope it is our flawed Federal Reserve System.
what is the difference between the US monetary policy & Canada's?
what is the difference between the US monetary policy & Mexico's?
what is the difference between the US monetary policy & South America's?

^ rhetorical questions.

what is the difference between the US monetary policy & Angola's
what is the difference between the US monetary policy & Iran's

^Answers
Angola (like most of Africa) cannot possibly saddle any more debt.
Iran doesnt want to do business with drug dealers
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Old 07-24-2007, 11:50 PM   #5
Saggysack Saggysack is offline
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You think that 30cent slide is bad. I remember when the Euro was .81, now it is 1.38. I remember when the pound was under 1.50, now it is 2.05.
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Old 07-24-2007, 11:55 PM   #6
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Quote:
Originally Posted by Saggysack
You think that 30cent slide is bad. I remember when the Euro was .81, now it is 1.38. I remember when the pound was under 1.50, now it is 2.05.
tell me about it...


no really, assume I am an idiot, explain to me why that is bad. According to our current leadership: a weak dollar is good. A weak dolllar is beneficial to our manufacturing base. (we still have one of those, dont we?)
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Old 07-24-2007, 11:58 PM   #7
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Damn, that is going to ruin a lot of Canadian currency jokes.
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Old 07-25-2007, 12:01 AM   #8
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Quote:
Originally Posted by cdcox
Damn, that is going to ruin a lot of Canadian currency jokes.
do you have any good ones? you might as well spend them; like they are going out of style.
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Old 07-25-2007, 12:33 AM   #9
Logical Logical is offline
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Quote:
Originally Posted by Fishpicker
what is the difference between the US monetary policy & Canada's?
what is the difference between the US monetary policy & Mexico's?
what is the difference between the US monetary policy & South America's?

^ rhetorical questions.

what is the difference between the US monetary policy & Angola's
what is the difference between the US monetary policy & Iran's

^Answers
Angola (like most of Africa) cannot possibly saddle any more debt.
Iran doesnt want to do business with drug dealers
Honestly, what the hell are you trying to say?
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Old 07-25-2007, 12:36 AM   #10
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Quote:
Originally Posted by Logical
Honestly, what the hell are you trying to say?
I second that. WTF?
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Old 07-25-2007, 12:39 AM   #11
Logical Logical is offline
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Quote:
Originally Posted by Saggysack
You think that 30cent slide is bad. I remember when the Euro was .81, now it is 1.38. I remember when the pound was under 1.50, now it is 2.05.
I assume you are being facetious and do know why it is good for our manufacturers.
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Old 07-25-2007, 12:46 AM   #12
Saggysack Saggysack is offline
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Quote:
Originally Posted by Fishpicker
tell me about it...


no really, assume I am an idiot, explain to me why that is bad. According to our current leadership: a weak dollar is good. A weak dolllar is beneficial to our manufacturing base. (we still have one of those, dont we?)
In my very limited knowledge, a weak dollar has it's positives and negatives.

Outside investors tend to not invest in a weak dollar. The more strength the dollar shows the more investment it brings. Brings down the value of thier assets when calculating into their national currency.

Domestically, it does however bring exports way up. Which is evident in our record exports right now. However, goods from places like China, Hong Kong, Mexico, etc... all go up in price. I don't know about you, but I don't want to have to pay more for cheap chinese goods than I already do now.
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Old 07-25-2007, 12:53 AM   #13
Saggysack Saggysack is offline
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Quote:
Originally Posted by Logical
I assume you are being facetious and do know why it is good for our manufacturers.
I'm not a manufacturer. I'm a consumer. For the most part, the negatives outweigh the positives for me.
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Old 07-25-2007, 12:56 AM   #14
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Quote:
Originally Posted by Saggysack
However, goods from places like China, Hong Kong, Mexico, etc... all go up in price. I don't know about you, but I don't want to have to pay more for cheap chinese goods than I already do now.
This is the part that I have a hard time seeing the downside to. I'll be happy to see China's competitive advantage fade. All these other puny, wanna-be countries are small time. We are in direct competition with China. I hate that they buy our national debt and are on their way to beating us economically. Add to that a bizarre and constant Chinese military ramp-up, and I am glad to see anything that damages Chinese exports to the U.S.
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Old 07-25-2007, 02:27 AM   #15
Saggysack Saggysack is offline
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Quote:
Originally Posted by Adam
This is the part that I have a hard time seeing the downside to. I'll be happy to see China's competitive advantage fade. All these other puny, wanna-be countries are small time. We are in direct competition with China. I hate that they buy our national debt and are on their way to beating us economically. Add to that a bizarre and constant Chinese military ramp-up, and I am glad to see anything that damages Chinese exports to the U.S.
I don't have a hard time seeing the downside. I'm a consumer that can look around and see most of the products available for me to buy are "Made in Somewhere Else". Paying more for those items because the value of the dollar is lower is not what I consider a positive effect on my wallet. Buying only American goods is impracticable,... impossible, however you want to put it.

China and ramp-up of military is really a bad way of putting it IMO. They have decreased the number of their forces and began modernization about 10yrs ago. It really is no different than what we did with our military from the 80's into the late 90's.

Anyway, I'm a firm believer that a strong dollar always beats out a weak dollar.

Last edited by Saggysack; 07-25-2007 at 02:34 AM..
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