Quote:
Originally Posted by Jim
But our exports are way up  You guys in Canada must be loving the cheap prices.
Either Christmas or the Chinese will be the final nail in the coffin. With mortages so hard to get, house prices are down. People no longer feel safe using their homes as an investment and won't spend as much for Christmas. And, if the Chinese blowhard is right about them moving the 1.3 Trillion from US dollars to Euros, that will hurt. |
Yes that would hurt bigtime.
Most people are loving the US shopping for sure. Bus loads going across the border every weekend I am reading. But remember I make all my income in US dollars and the exchange was down 10% from Oct 1 to Nov 1 and 25% this year.
