Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Riskmgmt who wrote (15438)	12/12/2008 6:10:10 PM
From: carranza2	Read Replies (1) \| Respond to of 71402

Commodity play has a lot to do with it but I also like the fact that Canada is not in a recession, at least not yet. It sports a trade surplus. The government's budget is not a dog's breakfast, as it is here. Problems created by mortgage based securities are not nearly as prevalent in Canada. It has a financial system which seems reasonably well managed, unlike ours. There is a lot to like in the loonie; its current status against the strong dollar is an anomaly that will correct as the dollar plunges. Given the strength of the Canadian system and the soon-to-diminish strength of the dollar, I see the loonie as poised for a run to the upside vis-a-vis the buck.