saw this just now on yahoo finance:
Canadians are expressing pride in their economy but might be more inclined to go on shopping sprees in the U.S. after the Canadian dollar reached parity with the U.S. dollar for the first time since 1976.
with the dollar falling and gold and oil rallying, I think we may have begun a long awaited selloff in the dollar that will render all of us poorer by 33-50% in the next year or two. I have no scientific way of setting that amount, but there is a huge amount of dollar negativity brewing around the world. now that it's thru a certain level, no one will step in as a buyer for a while. that's the way trends happen. today was just a dawning of that.
I think EM and other intl stocks will go nuts in coming months in one finally bubble-mentality rush towards the beijing olympics.
it's just worth noting that history is being made. for the first time in over 150 years, america is no longer in a positive uptrend. we're clearly at the end of a long run of greatness, and the currency decline will cause a broad longer term malaise of high prices, high rates and low growth. however, there will be strong demand from overseas. after running a huge deficit in consumer products, we'll now be serving more foreigners as tourists and visitors. one has to wonder what kind of humbling impact that will have on our country and our younger people. will we be like the brits in the 1960s, the post imperial generation?
anyway, history is being made. when you consider the pathetic weakess of the dem presidential debate, completely lacking in any new ideas. no, america needs to find its way again. it's not going to be pleasant.
we're clearly entering a new phase where the