Yes, in the 30's the US was a huge net exporter. Now we're a massive importer. My guess is our "severe recession" will cause a full blown "depression" in China.
They're the US of the 30's right now, in my opion.
Obama and congress cannot continue financing these jackasses forever. The voters will not stand for it.
Unions serve very little purpose in a completely industrialized, first world country. The could certainly help India or China though.
Yes, and wait until the US goes to socialistic medicine. Then we will no longer be able to subsidize drug and device R&D for Canadians.
It will put a BIG squeeze on the Candian goverment (tax payers).
On a similar note (while I'm on my rant), I hear so many Europeans and Canadians...
That's exactly what I thought when I read it. It would be intersting to go back and look at Merrill's prediction 6 months ago.
I remember when GS forecasted $200 oil, when it was trading around $130-140. That pretty much marked the top.
I wonder if these guys don't purposefuly lie in...
We're right behind you. Soon we'll all be wearing brown uniforms as we go to our government dictated jobs each day.
Also, wait until the US gets socialized health care. When that happens, Canada's medical costs will double within 2 or 3 years, as we won't be able to subsidize the cost of...
This is an honest question, not meant to be smartass, but how would the Chinese currency be "forced" to depeg?
It seems that would be THE LAST thing China would want in this environment.
After your call on T-bonds recently, I'm feeling better about my trade that I put on Tuesday :D
After Monday's decline, I bought equities in my IRA account for the first time in over a year. My timeframe is long term.