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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (5538)	3/26/2008 3:21:26 PM
From: Real Man	Respond to of 71405

Millions of Canadians driving to US to shop? <G> Trade balance is reversing down, and they are cutting bankofcanada.ca The Aussie and BP certainly have huge current account deficits.

To: RockyBalboa who wrote (5538)	3/26/2008 9:17:18 PM
From: Real Man	Read Replies (2) \| Respond to of 71405

Actually, that's not a joke - I bet there are hordes of Canadians now in Plattsburg, Detroit, Spokane, and other bordering cities and towns, even driving down to shop for food every week. 25-30% discount, add no 14% sales tax (GST + PST) to that as well. Most Canadians live 50 miles or so away from US border. USD exchange rate dropped a lot more than ppp. They were there in the early 90-s -g- cbc.ca After waiting five hours, Deason said she left the bus to ask a Canadian border guard about the delay. Deason said she was shocked by the response from the guard. "He expressed very loudly, 'It'll take hours and hours and hours. Thank you for contributing to the U.S. economy, but I hope you got a good deal.'" In a news segment recently aired on Buffalo's WGRZ-TV, the station said Canadian shoppers have raised the region's sales tax revenue by five per cent.

To: RockyBalboa who wrote (5538)	3/27/2008 12:38:25 AM
From: RJA_	Read Replies (1) \| Respond to of 71405

>>do you have any idea why the loon is so weak? I got out of Looni when the new head of Canadian CB was appointed. A former Goldman Sachs type, who's previous political appointee job was screwing US investors in the CanRoy take down. I figure, he was recycled to do the same to the Loonie, and so far, seems so. As we are Canada's biggest export customer, they need to be affordable in US, otherwise no buyers with all related consequences. Therefore political fix. So far, Swissie working ok. Euro too, but don't trust it either.