Sunday, September 23

Might as well move to Canada...

The Canadian dollar, once the punching bag of several currency related jokes, is poised to become more valuable than our own American dollar. On Friday, the exchange rate reached .9991, meaning that it took .9991 American dollars to buy one Canadian dollars. Most assume that by the end of Monday, the Canadians will finally pass us.

We should all be ashamed...a perfect storm of overimportation of consumer goods from around the world, underexportation resulting from the debilitation of American manufacturing, our spiraling debt, and the Fed's decision to drop interest rates in the face of a housing price collapse has resulted in the plummeting of the American dollar.

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