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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: paul_philp who wrote (88480)	4/1/2003 12:46:37 AM
From: Sun Tzu	Read Replies (1) \| Respond to of 281500

Hi Paul, having a great amount of respect for Canadians, I assume you are being sincere, but the chart you posted is very misleading. The time span on it is framed just so that it gives the wrong picture. Let's try both shorter and longer term charts. Probably the best chart to look at for the loonie is this: stockcharts.com But if you want something longer term, you can try forexdirectory.net and adjust the time frame to monthly. There you will see that the $C is almost at a 3 year high and with any luck will soon be at 5 year high. Of course we cannot neglect the USD index which measures the mighty dollar against a basket of currencies: stockcharts.com And perhaps the most important of the measures (favorite of the Fed) the trade weighted dollar index: woodrow.mpls.frb.fed.us And if you wish, we can also look at Euro vs USD here: stockcharts.com[l,a]waclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G And if you don't like soft currencies, there is always gold: stockcharts.com[l,a]waclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G So you see in about every measure that matters, the mighty USD has fallen for about 2-3 years which coincidently is when Bush started to show his plans in action. Now I am not here to debate the ins and outs of currency markets. As promised I will provide some references (at least to reliable discussions within SI) that will direct you to the causes of the fall and thereby an unseen massive tax on all of us. Whatever your view of the reasons, currencies fall when the world loses confidence in government behind that currency. And lest someone wants to suggest a conspiracy of coordinated foreign effort to manipulate the USD, that is just not humanly possible. Sun Tzu PS In most of these cases the USD is below where it was after 9/11, which indicates we are worse off than we were then. PPS having looked at $C charts, I am beginning to wonder if this is why you like Bush so much :-)