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10 comments on The Finance Round-Up: October 23rd 2007
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CBC News item: Canadian Dollar highest against US dollar in 40 years today.
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If I had US dollars I would see only two choices because I expect further deterioration of US dollar. First change those dollars to Canadian dollars or second buy into US businesses via the stock market.
Countries holding US dollars have those two choices and as well they also have the third choice of standing pat and holding those US dollars. Any one have any idea what is happening?
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Ji!, here is one bit of odd news :)
We will know more tomorrow at 1415 EST.
At this point might as well put a few bucks on every horse and see what shakes out.
Problem is every time you move there are fees and you are exposed to capital gains in more then one way, sometimes it pays to take a little loss and wait.
It is obvious that the subsidiaries of Goldman, Treasury and Fed, are trying to squeeze the last remaining wealth out of people by giving them false hope. At some point soon they may have to slam the door shut and reverse direction.
These guys are not stupid, they are much smarter then we are, but they are dual loyalist traitors and sooner or later are going to step on their crank.
The smart money is going to China, but that IMO can be very risky in the sense that it will go up all right, but it remains to be seen whether they can cash out.
It may be the early bird that gets the worm, but it's always the second rat that gets the cheese.
Thanks for the post time warning I will be watching with bells on.
As far as horse races I will stick to the Marks Bros and A day at the Races. At my age I am much too conservative for speculating in that mad Chineese tea party.
When things settle out a bit, if they do , I think something nice and cozy like long term in food and energy. Potash maybe and something in electric, I just hope it won't end up to be nourriture pour chiens and Sterno to heat it with.