singular_me
27th September 2012, 10:39 AM
I read somewhere that the US dollar is close to rare parity with Canadian loonie a few days ago.
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Monetary policy will raise the value of the loonie, but we can compete by making high-quality products that sell
sept 26, 2012
Did you smile or cheer when U.S. Federal Reserve chairman Ben Bernanke announced Quantitative Easing III (and the markets went up)?
He just declared war on your job, and the whole Canadian economy.
Of course, so did the European Central Bank, the Central Bank of the People's Republic of China and others.
All of them are engaged in the same practice. They're printing money. Gobs of it, in programs that have no end point.
Some are doing it to apply stimulus to revive their economies. Some are doing it to play extend-and-pretend games to hold their banks together.
For a country like Canada, with an economy in reasonably good shape, a government that's not out of control, banks that are healthy and dependent on exports, it's a declaration of war.
Read more: http://www.vancouversun.com/business/Bernanke+declares+Canadian+economy/7300359/story.html#ixzz27gzJIbkx
or
http://beforeitsnews.com/economy/2012/09/us-bernanke-declares-war-on-canadian-economy-stewart-2453132.html
NO SURPRISE HERE
China's economy overheating: Bernanke (MarketWatch)
As global economies emerge from recession, policymakers must watch for unsustainable global imbalances driven by high levels of Asian exports and low U.S. savings rates, Federal Reserve Chairman Ben Bernanke said Monday. In a speech prepared for a conference here, Bernanke warned “global imbalances may reassert themselves.” The U.S. must save more, Bernanke said, and the most effective way is “by a clear commitment to substantially reduce federal deficits over time.” Bernanke warned Asian economies must avoid too great a reliance on external demand. Also, policymakers have to balance the risks of withdrawing policy support too early, and cutting off recovery, against waiting too long, “which could overheat the economy.”
http://www.thecomingdepression.net/countries/eurasia/chinas-economy-overheating-bernanke/
========
Monetary policy will raise the value of the loonie, but we can compete by making high-quality products that sell
sept 26, 2012
Did you smile or cheer when U.S. Federal Reserve chairman Ben Bernanke announced Quantitative Easing III (and the markets went up)?
He just declared war on your job, and the whole Canadian economy.
Of course, so did the European Central Bank, the Central Bank of the People's Republic of China and others.
All of them are engaged in the same practice. They're printing money. Gobs of it, in programs that have no end point.
Some are doing it to apply stimulus to revive their economies. Some are doing it to play extend-and-pretend games to hold their banks together.
For a country like Canada, with an economy in reasonably good shape, a government that's not out of control, banks that are healthy and dependent on exports, it's a declaration of war.
Read more: http://www.vancouversun.com/business/Bernanke+declares+Canadian+economy/7300359/story.html#ixzz27gzJIbkx
or
http://beforeitsnews.com/economy/2012/09/us-bernanke-declares-war-on-canadian-economy-stewart-2453132.html
NO SURPRISE HERE
China's economy overheating: Bernanke (MarketWatch)
As global economies emerge from recession, policymakers must watch for unsustainable global imbalances driven by high levels of Asian exports and low U.S. savings rates, Federal Reserve Chairman Ben Bernanke said Monday. In a speech prepared for a conference here, Bernanke warned “global imbalances may reassert themselves.” The U.S. must save more, Bernanke said, and the most effective way is “by a clear commitment to substantially reduce federal deficits over time.” Bernanke warned Asian economies must avoid too great a reliance on external demand. Also, policymakers have to balance the risks of withdrawing policy support too early, and cutting off recovery, against waiting too long, “which could overheat the economy.”
http://www.thecomingdepression.net/countries/eurasia/chinas-economy-overheating-bernanke/