Canada's unemployment rate falls to 8.0 per cent..........
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Quote:Philipines is technically Far East country
BTW, Philipines is also east Asian country if I am not mistaken.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
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Originally posted by febpreet
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U r applying too many ifs. It is not a question that India/China is booming. But the problem is of NA, their mentality of "We are the best" will put NA in nowhere.
BTW, Philipines is also east Asian country if I am not mistaken.
Oh, Boy!
Future and uncertainty - thy name is 'Ifs'.
What's wrong with 'We are the best'?
When did I say Philipines is not an East Asian Country?
There is no point of bringing Philipine in the picture. It is just a tiny country (Size and population same as 'Madhya Pradesh')
My point was if developed countries like Canada/US can boom for half century then why not India/China. India/China are still developing and I don't see that these countries will reach to their saturation in few yrs. It will take decades.
Location: Western Hemisphere
Posted on: 13-10-10 14:09:59
ahedfc,
I am assuming you are a financial planner? What have you been advising your clients based on the gloomy articles you have been highlighting on USD? Stop investing in US, pull out of US investments? If USD or US economy spirals down, would any other currency or other countries' investment hold good? Won't they be impacted as well?
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Dimple2001
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Originally posted by ashedfc
Yes, I am !!
We are living in a very unusual world. World reserve currency is getting devalued, which will have far reaching implications, & unintended consequences. For example, food riots in poor nations, increase in poverty in third world countries, etc. The result is Canadian Dollar hit above parity to US dollar, its US dollar tanking & Fed wants that.
Ashedfc - You seem to be a very knowledgeable guy. But can you explain how all this scenario affects laymen like us, with very little or no knowledge of economics/finance.
What is "Fed" and how its decisions affect Canadian economy/Canadians? All your posts are centred around US economy.
Location: Western Hemisphere
Posted on: 14-10-10 11:24:16
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Originally posted by ashedfc
It hard to give a personal (and logical/meaningful) advice on a public forum, as every situation has a different prespective, different objective, different risk reward, etc. I suggest you go through the details, & then have a word with your existing advisor, & make your own conclusion. Keep in mind, things are changing very fast- What is good today may not be good after 6 months or so.
Short term; Yes prediction is there; but as you increase the time frame, its getting unpredictable. Good Luck..
As you rightly said, the long term (even the medium term ) future is highly unpredictable. My take is if I react drastically to every short term volatility, I might lose out on the benefits of long term investing. Of course, if s**t hits the fan across the board, then it's a total collapse of the investment model, but then again, that is an unknown as well.
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Dimple2001
I know the current outlook and the near future looks bleak.
However, in retrospect, whatever has been happening since the past 3 - 5 years kind of makes sense from a capitalist economy perspective.
I think we would have had a typical capitalist recession back in 2007, had the US govt. not liberalized the regulated system that enabled the financial institutions to propagate the bad debts all around the world, selling and re-selling along a chain of counterparties.
Regulatory authorities in other countries were also asleep at the wheel.
You could also say that this was party due to the undue influence that certain organizations have on the respective governments, such as GS in the US, BNP & Barclays in the UK, etc.
It would have been a recession like that of 2000 - 2002 and in a few years would have resolved itself out.
However, two factors made it worse: the de-regulation/corruption that caused the propagation across the world; and the subsequent monetary and fiscal intervention by the US and other world governments.
The TARP process started by the outgoing George W. Bush was made 10x worse by Mr. Obama.
Then came the madness of the Fed with all the super low interest rates, QE, and other monetary policy insanity.
All of this is simply making things worse and prolonging the inevitable pain.
The intervention in the financial markets to this degree is counter-productive.
There are several minor factors as well that are making this the "Perfect Storm", such as the increasing health care costs, Obama's well-intentioned but completely misguided and ineffective new Health Care system, the stupid wars in Iraq and Afghanistan and many other things.
I think the way this is playing out is very logical from a macro-economic perspective.
After each step, if you look back and evaluate the outcome, you'll see that the most likely and logical outcome came to pass.
Such as the devaluation of currency causing gold to shoot up, the inflation in the emerging countries, China's resistence to appreciating its currency, the lack of GDP growth in developed countries, etc.
These guys are simply going against classical economic theories and historical evidence of what happens....for some reason they are thinking that they will be able to work miracles.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Quote:
Originally posted by pratickm
I know the current outlook and the near future looks bleak.
It would have been a recession like that of 2000 - 2002 and in a few years would have resolved itself out.
However, two factors made it worse: the de-regulation/corruption that caused the propagation across the world; and the subsequent monetary and fiscal intervention by the US and other world governments.
The TARP process started by the outgoing George W. Bush was made 10x worse by Mr. Obama.
I think things are improving actually in Canada. No idea about the TARP and what it is but do not read too much into the US stories. The impact on Canada is not as bad as it seems.
