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Gold/Mining/Energy : Big Dog's Boom Boom Room

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isopatch
kidl
To: robert b furman who wrote (194612)1/21/2016 10:26:45 AM
From: 30 Years Plus2 Recommendations  Read Replies (1) of 206179
 
Only in a completely closed system can debasing your currency make you more competitive. Canada for example imports about 75% of its machinery from the US or Europe. Any business that need to retool has seen a 100% increase in the cost of that machinery as compared to five years ago, just on exchange rate alone.

It's all a farce. I'll say it again - tenured economics professors are running the financial system.
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