Posts: 5775
Location: God's own country
Posted on: 27-09-08 01:31:45
Location: God's own country
Posted on: 27-09-08 01:31:45
CD's,
The financial situation of USA has changed a lot in just a week. It is expected that US will print US$ 700 Billion soon to try to get out of this mortgage mess. This by leading economists is likely to weaken the US$ against the competeting currencies by 10% soon. Euro is the major competitor and likely currency of the future.
Therefore, I would suggest (non binding / not set in stone etc...) to CD's who ever are having their savings in US$ to convert into the Euro or Canadian $ or any other competing currency to wither the loss. Since my savings are small, I prefer to have it in Canadian $.
Advise from other Guru's welcome!
Peace by TK
-----------------------------------------------------------------
I am a Gents and not a Ladies.
