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Canadian Dollar reaches $1.10 USD

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Ademaro Imre Caldari Eye of God	Posted - 2007.11.07 21:45:00 - [1] Originally by: Derovius Vaden Looks like the American economy is going down in flames, seeing as our currency has jumped nearly 24 cents in the last 3 months with respect to it. Makes me wonder just how low the greenback can go before someone down there gets their act together. Some economists are saying as high as $1.20. You need a new world view. Why don't you come to the US to see how bad the economy is? In fact, all the new things you will be importing will be a clue.
Ademaro Imre Caldari Eye of God	Posted - 2007.11.08 03:13:00 - [2] Originally by: Cipher7 The Poor = US Army recruits Stop drinking liberal coolaid.
Ademaro Imre Caldari Eye of God	Posted - 2007.11.08 05:04:00 - [3] Originally by: Wendat Huron Originally by: Ademaro Imre Edited by: Ademaro Imre on 08/11/2007 03:23:48 Originally by: Cipher7 The Poor = US Army recruits Stop drinking liberal Koolaid. Even during this war, there is a lower ratio of recruits that are poor. The median household income of recruits were 35-40K over the last three years. Of household incomes of 18-24 year old recruits, less than 14% of the recruits are in the lowest 20% income. 23% of recruit come from the highest 20% household incomes. That just means most are ****poor in the US, 40k income per household, jebus wept! No, its the recruitment bracket. The second highest recruitment bracket is 40-45K. And that is abotu the world average household income of industrialized nations.
Ademaro Imre Caldari Eye of God	Posted - 2007.11.08 21:47:00 - [4] Originally by: Cipher7 Originally by: Ademaro Imre Stop drinking liberal Koolaid. Even during this war, there is a lower ratio of recruits that are poor. The median household income of recruits were 35-40K over the last three years. Of household incomes of 18-24 year old recruits, less than 14% of the recruits are in the lowest 20% income. 23% of recruit come from the highest 20% household incomes. Its mostly kids from rural states with no future except a life of Truck Driving. No I guess 35-40k isn't quite "poverty", but I think most people would consider a 40k household to be "the working poor." Are you trying to make yourself look stupid, or is it a natural ability? You do not know a damn thing about the US military. California: 11% Florida 6% New York: 5% Pennsylvania 4% Michigan 3% Illinois 4% Ohio 4% Maryland 2% Rural enough? HS graduation rate is 97%, general population is 80% When you stop drinking liberal Koolaid then you might know something about the US soldier. But as it stands, you know nothing.
Ademaro Imre Caldari Eye of God	Posted - 2007.11.08 22:03:00 - [5] Originally by: Bellac At $2.10 to ú1 its worth going to newyork for the chrisatmas shopping so its not all bad news for the us economy. Also I am no economist admitidly - but whats with the whole "my money is bigger than yours " thing. If you have a strong currency like the pound - nobody from another country want to buy anything from you and thats bad - surely This thread is so funny about that. In the States, its a non-issue. There is no inflation except in some energy prices. No one really cares. Many people think its great, and it is FANTASTIC! Many companies that might have closed up shop and moved overseas have been bought by foreign companies and - they are staying here now. In fact, some of those companies that were bought as a result of the dollar drop - are now expanding as a result of the new owners using their now more valuable money. There are even some idiots that think this will somehow impact US military recruiting - that is how low the stupidity gets. Meanwhile, NO inflation. Everyone thinks the US economy is somehow suffering and that their economies are somehow shielded, and their usual anti-Americanism comes out so much they need to post about it. And business owners like me, are laughing our asses off looking forward to all the different places other Americans will be sending their money to instead of imports. There is a real reason why China purposefully devaluates their currency, because they do not want to happen, what will be soon happening to other currencies and having their exports to the US vastly diminished.
Ademaro Imre Caldari Eye of God	Posted - 2007.11.09 20:55:00 - [6] Originally by: Battleclash Edited by: Battleclash on 09/11/2007 00:21:52 Don't rip on DV too bad. It's understandable for canooks to want to rip on a country like the US or the UK because their country doesn't really stand out in any fashionable way. It's just his repressed feelings of outrage that cause him to sc*****the bottom of the barrel in hopes of finding some piece of garbage against us to make himself and his land of oorigin seem 'better'. He does this about every 2 weeks or so. Canada is so fasionable. Its America's hat.
Ademaro Imre Caldari Eye of God	Posted - 2007.11.09 21:12:00 - [7] I run a business too. Its has been absolutely awesome last 2 years. I have never had to turn away business before. I can't find enough people to work for me because i have to keep competing with the increasing wages. The dirty little secret is that the dollar fall has nothing to do with the fundamentals of the economy. Its a "credit crunch" for some, and just some, not all banks were two dumb to give their money to people who should never have gotten the money. They used that money and paid off builders. Who in turn paid their loans off to the banks. The banks operated on think they were getting some sort of future income from these homeowners and they are not getting it. They are short on cash now and have to report the loss on paper. The banks still own the equity in the homes! The homes are not cars, they do not depreciate like a car does. The banks that were stupid - just have to wait around like stupid banks should until they can resell the homes. And it hasn't really put a large dent into housing market either. Where I live, there are 2100 new houses already broken ground, or will be in the next year. Prices of some home have come down, but they were flying up anyway. Smart people are still buying homes and not buying into silly mortages with highly variable interest rates. Every person that has had, or having their home foreclosed on them, still have their jobs. They just couldn't afford to pay the deal they signed on for interest for a year and higher (much higher) interest rates later on. They were renting before - and should have stayed that way =- or stayed in smaller houses. These banks and their paper loss, not equity is pushing the dollar down. Not the fundmentals of the economy.
Ademaro Imre Caldari Eye of God	Posted - 2007.11.12 08:01:00 - [8] Originally by: Slayton Ford Finally, your statement off Poor = Army Recruit is patently false. Since 2001, recruitment in the army has normalized to the point that the class breakdown of army recruits matches the population as a whole. Actually, since the War in Iraq and Afganistan started, poor households are becoming less and less represented, while the top 20% richest households are becoming more over-represented.
Ademaro Imre Caldari Eye of God	Posted - 2007.11.12 19:26:00 - [9] Originally by: Saladin Originally by: Audri Fisher a very weak Yen fueled Japans economy for years, and becuase China refuses to let its currency value rise, it is making there economy expand very quickly. That much is clear. I have no idea why China was being let into WTO if it didn't float its currency, which is causing problems here in the US. In addition, these sub-prime mortgage scams should have never been allowed. And the Federal Reserve bailing out the banks that ran these scams is shameful. They should pay the price for their greed and stupidity. Right now what I don't understand is why a weak dollar is not fueling the American economy the same way the weak Yen was fueling Japan or the weak Yuan is fueling China. Could it be because American companies have off-shored most of their operations? They were not scams. They were all legitimate and legal. Home buyers signed on the dotted lines. No interest or low interest for several years and a low down payment. They knew exactly what they were getting, and the banks knew exactly what the home buyers credit rating and income were. Both parties ignored the realities that in a few years higher interest rates would kick in and the monthly payment would go up quite a bit. The banks wanted someone to sign the line, the the home buyers only cared about the monthly payment for the next two years. The only real scam in mortgage loans is were a mortgage company in PA was taking mortgage payments, but not paying the banks. That was a scam. But in general, all these low initial interest loans were not a scam. The Federal reserve isn't bailing out any banks. Give it time and a consistent weak dollar to fuel the economy. You need time to build the factories, train the workers and lay off and close down the factories overseas first, unless they go to China.
Ademaro Imre Caldari Eye of God	Posted - 2007.11.12 19:31:00 - [10] Originally by: Kirjava Originally by: Saladin Could it be because American companies have off-shored most of their operations? Possibly, also that the EU is looking inward and to China for production as opposed to the USA so not much money coming in from us. You would know the **** had hit the fan if China started investing in USA though. Europe has already been buying companies in the US because of the dollar. At least 69 companies have been bought by Autralia, Saudia Arabia and Europe to increase their markets in the US.

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