Canadian Dollar Reaches US Dollar Parity: Is Armaggedon At Hand?
Posted By crazyopinions On October 15, 2007 @ 1:42 pm In Uncategorized | No Comments
Well, maybe it isn’t that bad. Only 31 years since the last time it happened, in the middle of the US energy crunch, just before inflation took off and interest rates took a huge climb…
On second thought, doesn’t history have a long memory? Watch the foreign ownership of US bonds and debt. Recession will either be the trigger, or be triggered by a change in this market, and the result could be worse than the 1980’s.
Feeling lucky, punk? Do ya?
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