09-24-2007, 08:54 AM
Quote:The Loonie is worth more than a Greenback?
What is the world coming to?
There are many more things worth more than the greenback today. Let's see what happens tomorrow when the US housemarket details will be published. For us it is a nice thing when we are on holiday (most things like clothes, electronics etc. now are almost 50 % cheaper in the US than they are in europe), but it is of course a quite disturbing situation.
Main cause is in my opinion the fact that people borrow money to easily and don't think about the consequences. I just hope an economic crisis can be avoided.