by FreddyH » Mon 03 Mar 2008, 18:55:23
$this->bbcode_second_pass_quote('Valdemar', '')$this->bbcode_second_pass_quote('FreddyH', '
')
Typical comment from a usa-centric victim of currency devaluation. The rest of us are enjoying this fantastic ride. Here in Canada, Chrysler's prices for American made cars have fallen $12,000 over the past year!
usa vs canada linkHooray! I'm sure the self-destruction of the world's largest economy won't hurt us one bit, no siree.
I was fortunate to meet with Lennox Lewis several times as he honed his skills in Kitchener-Waterloo. We cheered each time he knocked out american boxers. But we knew all the time that after Lennox retired with the Crown, the usa would come back as it groomed young athletes.
So also with their social economic ills. Economies go thru cycles and the current one will pass with hardly a hiccup (just as 1975 & 2001). As the USA has become a smaller component of global GDP over the last three decades, it has increasingly had less affect on its trading partners. Canada and others have enhanced this by developing free trade with other nations to diminish the effects of USA slowdowns.
The crippled buck has allowed Americans to set many new export records on its goods and services. Most goes to Canada. After Congress addresses its deficits and increases payroll deductions to rebalance its social security funding, the dollar will reverse its present correction.
Nothing is happening to the buck presently that most of the other G-8 plus one have not dealt with themselves since 1968. These are natural economic cycles.
Over the top rhetoric like "
the self-destruction of the world's largest economy" is commonplace in this forum. Fortunately it is by blowhards and neopyhtes and will never come to pass...
Last edited by
FreddyH on Mon 03 Mar 2008, 19:16:19, edited 2 times in total.
by Valdemar » Mon 03 Mar 2008, 19:05:30
$this->bbcode_second_pass_quote('FreddyH', '
')
I was fortunate to meet with Lennox Lewis several times as he honed his skills in Kitchener-Waterloo. We cheered each time he knocked out american boxers. But we knew all the time that after Lennox retired with the Crown, the usa would come back as it groomed young athletes.
So also with their social economic ills. Economies go thru cycles and the current one will pass with hardly a hiccup (just as 1975 & 2001). As the USA has become a smaller component of global GDP over the last three decades, it has increasingly had less affect on its trading partners. Canada and others have enhanced this by developing free trade with other nations to diminish the effects of USA slowdowns.
I suggest checking the "Fed rescue" thread. The economists think otherwise. And these aren't people to normally be so blunt or pessimistic.
"Nothing survives. Not your parents. Not your children. Not even stars."
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by FreddyH » Mon 03 Mar 2008, 19:30:31
$this->bbcode_second_pass_quote('Valdemar', '')$this->bbcode_second_pass_quote('FreddyH', '
')
I was fortunate to meet with Lennox Lewis several times as he honed his skills in Kitchener-Waterloo. We cheered each time he knocked out american boxers. But we knew all the time that after Lennox retired with the Crown, the usa would come back as it groomed young athletes.
So also with their social economic ills. Economies go thru cycles and the current one will pass with hardly a hiccup (just as 1975 & 2001). As the USA has become a smaller component of global GDP over the last three decades, it has increasingly had less affect on its trading partners. Canada and others have enhanced this by developing free trade with other nations to diminish the effects of USA slowdowns.
I suggest checking the "Fed rescue" thread. The economists think otherwise. And these aren't people to normally be so blunt or pessimistic.
U are recommending that we take serious folks who are crapping themselves over a $60-Billion loan program. It is less than one half of 1% of USA GDP. U are recommending that we take serious folks who are crapping themselves over a $800-Billion sub prime global write-down. It is less than 2% of global GDP.
When u want me to engage with someone that has at least a tiny bit of perspective of these issues, i'll be glad to participate.
Conversations or debates with nihilists is a waste of my time...
by Valdemar » Mon 03 Mar 2008, 19:42:26
$this->bbcode_second_pass_quote('FreddyH', '
')
U are recommending that we take serious folks who are crapping themselves over a $60-Billion loan program. It is less than one half of 1% of USA GDP. U are recommending that we take serious folks who are crapping themselves over a $800-Billion sub prime global write-down. It is less than 2% of global GDP.
When u want me to engage with someone that has at least a tiny bit of perspective of these issues, i'll be glad to participate. Conversations or debates with nihilists is a waste of my time...
I guess discussing anything with someone who can't even spell "you" is a task in itself. Get back to me when you can use English and address posted points.
I'm sure the GEAB will be happy to know where they went wrong from your diligent efforts.
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by FreddyH » Mon 03 Mar 2008, 19:51:31
$this->bbcode_second_pass_quote('gnm', '')$this->bbcode_second_pass_quote('FreddyH', 'B')ut NOBODY cares where u are heading. Your Gov't is dysfunctional. U don't have universal health care. U don't aren't on the metric system. And your social security system is headed for bankruptcy in 2047.
While u are headed back to $400-Bil deficits, Canada is its ninth year of balanced budgets and we've paid off 10% of our nat'l debt.
We appreciate trade advantages under NAFTA but please knock off the cocky rhetoric. Many of us already want to turn wind down the southward bound gas/oil taps as allowed in NAFTA. Rednecks like yourself just add to that sentiment...
SS - doomed - sure. just like your universal health care.
Grow up
nationalist boy, we're all in this hand basket to hell together.
-G
We've had universal health care for forty years ... hardly an experiment. Your SS can be rebalanced by a mere 1.8% increase in payroll deductions, but u have a legislators more concerned with re-election than long term planning.
Nationalist? I have never said that Canada is the best place in the world. I merely stated that it was better than the USA. But while we're on this tangent, the United Nations has declared Canada the best nation in the world in which to live and do business in its
annual pissing contest. Actually three times in the last decade. Where do u think the USA is on that list?
by TWilliam » Tue 04 Mar 2008, 03:01:52
$this->bbcode_second_pass_quote('FreddyH', '')$this->bbcode_second_pass_quote('gnm', '')$this->bbcode_second_pass_quote('FreddyH', 'T')ypical comment from a usa-centric victim of currency devaluation. The rest of us are enjoying this fantastic ride. Here in Canada, Chrysler's prices for American made cars have fallen $12,000 over the past year!
A fantastic ride indeed.... but we're driving, you're in the trailer, and do you know where we're heading?
But NOBODY cares where u are heading. Your Gov't is dysfunctional. U don't have universal health care. U don't aren't on the metric system. And your social security system is headed for bankruptcy in 2047.
While u are headed back to $400-Bil deficits, Canada is its ninth year of balanced budgets and we've paid off 10% of our nat'l debt.
We appreciate trade advantages under NAFTA but please knock off the cocky rhetoric. Many of us already want to turn wind down the southward bound gas/oil taps as allowed in NAFTA. Rednecks like yourself just add to that sentiment...
Aaaand this just in...
Bloomberg$this->bbcode_second_pass_quote('', '[')b]Canada's Carney May Debut With Rate Cut to Offset Export Slump
By Greg Quinn
March 4 (Bloomberg) -- Bank of Canada Governor Mark Carney will probably cut interest rates at his first decision as central bank chief today to help offset a slump in exports to the U.S.,
Canada's biggest market.
Economists surveyed by Bloomberg are evenly divided on whether Carney will cut Canada's benchmark rate by a quarter point or a half point from the current 4 percent at 9 a.m. in Ottawa. Thirteen say it will fall to 3.75 percent, and 13 predict the biggest reduction since 2001 to 3.5 percent.
``The one thing they agree on is that rates are going to go lower,'' said Jonathan Basile, an economist at Credit Suisse Holdings Inc. in New York. ``I'm putting more weight on the deterioration in economic activity lately,'' said Basile, who predicts a half-point cut.
Policy makers say exports will slow the Canadian economy's growth to the least since 2001 this year, as a strong currency and weak U.S. economy curb demand for factory goods. Exports fell the most since 2001 last quarter, as Canada posted its first current account deficit in eight years. Still, inflation may accelerate because wages are rising the fastest since 1998.
"It means buckle your seatbelt, Dorothy, because Kansas? Is goin' bye-bye... "
WOW! I've been called a lot of things but never "redneck". You must have amazing powers of deduction to determine that. Not. I even lived in Canada when I was growing up.
