earthdome Posted September 10, 2012 Posted September 10, 2012 The US Dollar is trading today around 41.5 pesos/usd. This is the lowest it has been since April of 2008. Just in time for my two week vacation to the RP later this month. :( Link to comment Share on other sites More sharing options...
i am bob Posted September 10, 2012 Posted September 10, 2012 We Canadians seem to be holding our own - P42.4854 as of Monday at 16:49 GMT. Link to comment Share on other sites More sharing options...
earthdome Posted September 10, 2012 Author Posted September 10, 2012 We Canadians seem to be holding our own - P42.4854 as of Monday at 16:49 GMT. Yeah, the weakening USD appears to be related to a growing consensus that the US Federal Reserve will do another round of quantitative easing (QE3) further deflating the currency. Looks like the almost 5 year old recession in the US is the new normal since politicians and banks seem intent on following the same old failed Keynesian policies that have put the US economy on the road to ruin for many decades. Perhaps the Canadian government has been a bit more responsible in their monetary/fiscal policy. 3 Link to comment Share on other sites More sharing options...
Beachboy Posted September 10, 2012 Posted September 10, 2012 My G/F owes me P500 from a bet she lost .. I'm a little richer.. :no: Link to comment Share on other sites More sharing options...
i am bob Posted September 10, 2012 Posted September 10, 2012 We Canadians seem to be holding our own - P42.4854 as of Monday at 16:49 GMT. Yeah, the weakening USD appears to be related to a growing consensus that the US Federal Reserve will do another round of quantitative easing (QE3) further deflating the currency. Looks like the almost 5 year old recession in the US is the new normal since politicians and banks seem intent on following the same old failed Keynesian policies that have put the US economy on the road to ruin for many decades. Perhaps the Canadian government has been a bit more responsible in their monetary/fiscal policy. I think lucky is more the word.... :mocking: 1 Link to comment Share on other sites More sharing options...
Beachboy Posted September 10, 2012 Posted September 10, 2012 I think lucky is more the word Oil is the word I'm thinking of :cheersty: Link to comment Share on other sites More sharing options...
i am bob Posted September 10, 2012 Posted September 10, 2012 Funny how China is trying to buy all the Canadian companies involved in oil now? They want to buy up the companies involved in the Oil Sands as well as the companies with the pipelines so they can ship all the oil overseas at a discount. So when you say it's oil that has kept the Canadian $ up? Nah, that was only the gas from the politicians...! :mocking: 1 Link to comment Share on other sites More sharing options...
Tukaram (Tim) Posted September 11, 2012 Posted September 11, 2012 We Canadians seem to be holding our own - P42.4854 as of Monday at 16:49 GMT. Yeah, the weakening USD appears to be related to a growing consensus that the US Federal Reserve will do another round of quantitative easing (QE3) further deflating the currency. Looks like the almost 5 year old recession in the US is the new normal since politicians and banks seem intent on following the same old failed Keynesian policies that have put the US economy on the road to ruin for many decades. Perhaps the Canadian government has been a bit more responsible in their monetary/fiscal policy. You know what they say: "We are all Keynesians now" :tiphat: 1 Link to comment Share on other sites More sharing options...
earthdome Posted September 11, 2012 Author Posted September 11, 2012 You know what they say: "We are all Keynesians now" I believe that was President Nixon you are quoting. The president who tried to put in wage and price controls. Link to comment Share on other sites More sharing options...
Call me bubba Posted September 11, 2012 Posted September 11, 2012 we can talk all we want about the $$ or other currency being at a LOW. POINT IS its HURTING some of us hard and REALLY HARD, no matter what we(at least I do) of cutting back on some costs or delaying buying . IT HURTS. what can you or I do to ride out this low without it causing anymore or possible $$ hardship? any suggestions from those that LIVE HERE? I am sure it will recover back up to the 41.8-42.25 range in a few weeks, Link to comment Share on other sites More sharing options...
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