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jajdude
Joined: 18 Jan 2003
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Leilam
Joined: 20 Sep 2007
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 Posted: Fri Sep 21, 2007 1:50 pm Post subject: |
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it's true! and as a Canadian, i say to U.S "Take that, America!..i bet you're not so high and mighty now"  |
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ajgeddes
Joined: 28 Apr 2004
Location: Yongsan
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| Posted: Fri Sep 21, 2007 3:00 pm Post subject: |
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| Leilam wrote: |
| it's true! and as a Canadian, i say to U.S "Take that, America!..i bet you're not so high and mighty now" |
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djsmnc
Joined: 20 Jan 2003
Location: Dave's ESL Cafe
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| Posted: Fri Sep 21, 2007 3:18 pm Post subject: |
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| Leilam wrote: |
| it's true! and as a Canadian, i say to U.S "Take that, America!..i bet you're not so high and mighty now" |
Umm yeah...the dollar going down makes me feel like I'm from a 2nd class nation |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Fri Sep 21, 2007 5:11 pm Post subject: |
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Florida is going to be over run this winter!
South Korea Won Canada Dollars
1 KRW = 0.00108658 CAD 1 CAD = 920.318 KRW
Groan. |
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Young FRANKenstein
Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)
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| Posted: Fri Sep 21, 2007 6:42 pm Post subject: |
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| I remember the CAN$ being more than the US$ years ago. I'm thinking early 70's...72? 73? |
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laogaiguk
Joined: 06 Dec 2005
Location: somewhere in Korea
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| Posted: Fri Sep 21, 2007 7:18 pm Post subject: |
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| Yo, the Canadian dollar consistently going up (it's at an all time high to the won since I've been here) sucks crap and is not something to celebrate, atleast for those of use making won! |
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seoulshock
Joined: 12 Jul 2005
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| Posted: Fri Sep 21, 2007 9:04 pm Post subject: |
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| all my swiss franc, japanese yen, and aus $ calls have shot up this past week thanks to the fed reserve. other americans should do the same. |
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chevro1et
Joined: 01 Feb 2007
Location: Busan, ROK
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| Posted: Fri Sep 21, 2007 9:16 pm Post subject: |
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| laogaiguk wrote: |
| Yo, the Canadian dollar consistently going up (it's at an all time high to the won since I've been here) sucks crap and is not something to celebrate, atleast for those of use making won! |
True that, true that. |
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pkang0202
Joined: 09 Mar 2007
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| Posted: Fri Sep 21, 2007 10:17 pm Post subject: |
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| The world is coming to en end. |
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twg
Joined: 02 Nov 2006
Location: Getting some fresh air...
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| Posted: Sat Sep 22, 2007 12:27 am Post subject: |
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| laogaiguk wrote: |
| Yo, the Canadian dollar consistently going up (it's at an all time high to the won since I've been here) sucks crap and is not something to celebrate, atleast for those of use making won! |
Yup. I finding it to suck since I've got to send a lot of money this month. |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Sat Sep 22, 2007 5:15 am Post subject: |
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| I noticed today the Canadian dollar bought more won than the American dollar. |
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pharflung
Joined: 29 Mar 2007
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| Posted: Sat Sep 22, 2007 5:27 am Post subject: |
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I could have sworn remembering other times more recently when the Canadian dollar was worth more than the U.S. dollar, but perhaps I was just being overcharged when I changed currency in Canada?
I'm not sure this a good way to gauge the relative merits of two nations. I have always had the highest admiration for Canada, regardless of the value of its currency.
What struck me last time I drove through was how incredibly expensive many things were relative to the U.S. But again, the cost of food, gas, etc., is not a measure of the merits of a country. More to the point, it made me wonder whether something was fundamentally wrong in the U.S. that stuff was so cheap?
Some analysts are wondering whether the U.S. is on the edge of a precipice.
Or as Paul Krugman puts it in the New York Times:
Is This the Wile E. Coyote Moment?
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Lots of buzz suddenly about the possibility of a sharp fall in the dollar. The Canadian dollar is back at parity with the greenback; there are rumors that the Saudis are planning to diversify into euros, and maybe even that the Chinese might break the dollar peg. A nice summary at Barry Ritholtz�s blog The Big Picture.
I could say that I saw this coming; the problem is that I�ve been seeing it coming for several years, and it keeps not arriving (and I don�t know if this is really it, even now.) The argument I and others have made is that the U.S. trade deficit is, fundamentally, not sustainable in the long run, which means that sooner or later the dollar has to decline a lot. But international investors have been buying U.S. bonds at real interest rates barely higher than those offered in euros or yen � in effect, they�ve been betting that the dollar won�t ever decline.
So, according to the story, one of these days there will be a Wile E. Coyote moment for the dollar: the moment when the cartoon character, who has run off a cliff, looks down and realizes that he�s standing on thin air � and plunges. In this case, investors suddenly realize that Stein�s Law applies � �If something cannot go on forever, it will stop� � and they realize they need to get out of dollars, causing the currency to plunge. Maybe the dollar�s Wile E. Coyote moment has arrived � although, again, I�ve been wrong about this so far.
Much more about all this in a thoroughly incomprehensible paper I recently published in the European journal Economic Policy. Don�t bother clicking if you hate funny diagrams and Greek letters. |
http://krugman.blogs.nytimes.com/2007/09/20/is-this-the-wile-e-coyote-moment/ |
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Young FRANKenstein
Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)
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| Posted: Sat Sep 22, 2007 5:52 am Post subject: |
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| laogaiguk wrote: |
| Yo, the Canadian dollar consistently going up (it's at an all time high to the won since I've been here) sucks crap and is not something to celebrate, atleast for those of use making won! |
you don't lose anything if you don't buy ForEx. That's the exact reason why I stayed during the IMF... as long as I didn't leave, I didn't lose any money. |
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peppermint
Joined: 13 May 2003
Location: traversing the minefields of caddishness.
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| Posted: Sat Sep 22, 2007 6:27 am Post subject: |
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| It's making me crazy that books and things are still marked up about 20% over the US price, other than that, I don't much care |
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