Comments on: A Weak US Dollar Doesn’t Matter Folks!

By: Financial Samurai

Financial Samurai — Mon, 23 May 2011 02:56:48 +0000

Oil will only go to $6/gallon if the economy is strong enough to bare. I see high oil as a signal that the economy is strong, and not a signal for bad things to come.

By: Financial Samurai

Financial Samurai — Mon, 23 May 2011 02:56:02 +0000

Come to San Francisco and buy. It’s the most beautiful city in America! :)

By: Darwin's Money

Darwin's Money — Sun, 22 May 2011 22:37:15 +0000

Personally, I don’t care about the weak USD for travel reasons and as an equities investor, of course it’s been adding a few percentage points to earnings each quarter for the multinationals I own. However, to think this trend can continue forever with no consequences is missing a major point – we do import many commodities – oil especially. See how much people were freaking out over $4 gasoline? What do you think $6 oil will do to the economy? High gas prices are a tax, no way around it. You’re not for raising taxes as a way to boost the economy, right? We’re also seeing food prices increase, clothing, and our much-needed electronics. Eventually, we do and will see inflation and slower growth.

By: My University Money

My University Money — Sun, 22 May 2011 21:59:09 +0000

Actually a lot of people I know have been doing just this. Florida and Arizona have been popular options for many older people looking to become snowbirds. Personally, I have been exploring the Vegas real estate market. I think in terms of an investment it has to much of a pain-in-the-ass factor for me, but if your looking to build a home to live in for a large part of the year I think this will be a once-in-a-lifetime opportunity for Canadians.

By: Financial Samurai

Financial Samurai — Sun, 22 May 2011 17:34:05 +0000

We need you to cross the border and not only buy our stocks, but buy our real estate!

By: My University Money

My University Money — Sun, 22 May 2011 16:31:14 +0000

So is the joke now, “If you you owe China a million dollars and can’t pay you have a problem, but if you owe China 800 Billion dollars and can’t pay then China has a problem?”

All joking aside, as a Canadian that lives near the US-Can border I can say with certainty that the towns close to the border are LOVING this dollar rate. Also, as a Canadian consumer I am loving it as well. Not only to get access to a much broader market of goods, but Canadian business now need to compete directly with their American counterparts and lower prices. It also makes American blue chip stocks ultra-attractive right now, because we are essentially getting them at a discount (relative to ‘average’) due to our dollar being at par with the USD.

By: Mike

Mike — Sun, 22 May 2011 02:14:27 +0000

I believe they are printing money in order to bail out banks and corporations. Inflation is also hurting food and gas prices. Food prices around the world are rising and contributing to the instability in the Middle East. We import more than we export. That won’t change until wages in developing countries are similar to those in the US. Fat chance on that happening any time soon. If you think the Gov’t will actually reduce debt then you are dreaming. The Healthcare bill will be a massive burn on the debt. Medicare, social security, and defense will not be cut. Gov’t programs will only grow and the debt will only rise. Nice idea, but I don’t buy it.

By: Financial Samurai

Financial Samurai — Sat, 21 May 2011 00:24:47 +0000

Didn’t realize you are a currency trader. Tell me more! Is it for a firm or for yourself?