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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (21821)1/20/2005 11:24:40 AM
From: Tommaso  Read Replies (1) | Respond to of 116555
 
>>>The dollar can always post rallies, as can Trump Casinos or Tsarist Bonds or any other dead entity. But it will only come back to life if we raise interest rates substantially or raise taxes substantially or both.<<<

Meantime, Canada has raised taxes and got its budget in balance, and has a trade surplus that seems likely to grow larger. I have about half my net worth now connected to Canada through specifically Canadian energy and other natural resource investments that pay me large income in Canadian dollars. Anyone who bought Canadian real estate in recent years with the overpriced U. S. dollar got themselves a huge bargain. Nice houses with acreage on PEI were going for around $US 75,000 three or four years ago. I didn't do it because it's a long drive to fix a faucet.