The miserable US$ to C$ exchange rate

[PopeDover]

What you describe in the first sentence is plutocracy, rule by the wealthy elite, the exact opposite of communism. Authoritarianism is political, not economic and has nothing whatsoever to do with communism.

So communism in the PRC is an exception?
http://www.bloomberg.com/news/articles/2012-02-26/china-s-billionaire-lawmakers-make-u-s-peers-look-like-paupers
The net worth of the 70 richest delegates in China’s National People’s Congress, which opens its annual session on March 5, rose to 565.8 billion yuan ($89.8 billion) in 2011, a gain of $11.5 billion from 2010, according to figures from the Hurun Report, which tracks the country’s wealthy.

And isn't there enough evidence by now that the Bolsheviks were financed by the wealthy elite in the west?
What other real life communist rulers did you have in mind?

and according to dictionary.com ( I cant speak for its accuracy), communism describes both the economic and political

http://dictionary.reference.com/browse/communism

a system of social organization in which all economic and social activity is controlled by a totalitarian state dominated by a single and self-perpetuating political party

 

[rumpleforeskiin]

So communism in the PRC is an exception?

I'd say that China long ago left communism behind.

I'd also argue that dictionary.com's definition is quite wrong. Here's what Wikipedia starts with, "Communism (from Latin communis – common, universal)[1][2] is a socioeconomic system structured upon the common ownership of the means of production and characterized by the absence of social classes, money,[3][4] and the state; as well as a social, political and economic ideology and movement that aims to establish this social order."

Yes, there is a social element, but the heart of it is economic. China long ago abandoned (or rather corrupted) the notion of common ownership.

Like the United States, China is primarily a nation of oligarchs and wage slaves.

 

[IamNY]

$1.27 today my friends! I may see my favorite SP's for St. Patrick's day!

 

[smuler]

Come on up and cross the border amigos...plenty of pretty SPs at 25% off!!!

Fucking SAP implementation

Best Regards

Smuler

 

[Carrd096]

come on up and cross the border amigos...plenty of pretty sps at 25% off!!!

on my way!!!!

 

[Numerati]

If it ever happens, I wouldn't know how active I would be if the exchange rate goes to $1.40 and above. Given how other currencies are struggling especially the Euro might go to parity with the USD this year, US interest rates might be raised around middle of the year and Canada keeping rates low.

 

[cpp433]

At 1.40 or above id be more active, id only need 1/2 the $ as usual

 

[IamNY]

$1.27 today!

 

[IamNY]

$1.28 today!

 

[Numerati]

$1.28 today!

The last time CAD touched $1.28 was in October/November 2008. Oh I remember that time so fondly. That was when I saw Ophelie (Indy/The Courtesans/FKS), Jezabelle (SD), Caroline (FKS) and Chloe when she was first started out with Girls On Fire before she threw in a last name of Milan and charged $500 more for two hours.

 

[Numerati]

Good memory Numerati...that occurred in the middle of the Financial Crisis in 2008...In fact it hit C$1.30...and we are bumping up against this key level right now...
We shall see if it breaks through...my expectations are that it will because there are several fundamental reasons for it! The C$1.30 level is just a pit stop on the road to a lower CAD$!

That was right after the Lehman Bros crash. That crash helped me fund my hobby for 2008/2009. Shorted Lehman held it over that very weekend and Merrill Lynch that Friday and closed that position the same day. That was a stomach churning week.

 

[EastRL0000]

Floor should be 1.30 to churn out Canadian products you need American products.

 

[CaptRenault]

The Wall Street Journal reports that the outlook for the Loonie is still bearish.

Bearish Bets Batter Canada’s Loonie
Only euro, Swedish krona and Australian dollar performed worse in 2015
wsj.com
April 15, 2015

The Canadian dollar has gone south. Many investors are wagering on an extended stay.

An economic malaise worsened by the steep drop in oil prices has weighed on the currency of the U.S.’s biggest trading partner and crude-oil supplier. The Canadian dollar has slid 5.4% against the U.S. dollar so far this year after tumbling 8.6% in 2014. Among major currencies, only the euro, Swedish krona and Australian dollar have performed worse in 2015.
On Wednesday, a jump in oil prices and an upbeat message from the country’s central bank sent the currency higher against the greenback, but investors said they remain bearish on its prospects.
Without the cushion of robust oil revenue, factors that investors previously brushed off are looming large: record levels of household debt, frothy housing values, a shrunken manufacturing base and a slack labor market. These drags on Canada’s growth have spurred a doubling of bearish bets on the Canadian dollar—dubbed the “loonie” after a bird commonly sighted there—since the start of the year, according to the U.S. Commodity Futures Trading Commission...

 

[Numerati]

And hopefully this continues. Loonie is not falling enough and should go further. Hopefully past 1.30 by year's end. It was actually 1.21 today which sucks.

 

[IamNY]

$1.27 today boys!

 

[Numerati]

Canada is planning to cut rates. This is going to be interesting. With the current Greek crisis and the stock market bubble of a mess in China, the USD, the Swiss franc and the yen looks like are the "stable" currencies at the moment. Don't think the FED is going to raise rates as they have stated given the possible shit storm that can head our way. Hopefully that is not the case. If and when the U.S. does raise rates we can surely hit above $1.30. That would be awesome since my hobbying will be back in full swing.

 

[Numerati]

LOL @ possible 1.40. That would remedy much of the things I am experiencing right now.

 

[smuler]

It's almost 1.30 today

Highest in 10 years

Wish I lived closer :lol:



Best Regards

Smuler

 

[rumpleforeskiin]

It's almost 1.30 today

BOC cut the lending rate to .5% this morning. It could go higher. Some think 1.40 is within the realm of possibility.

 

[Sol Tee Nutz]

Some think 1.40 is within the realm of possibility.

Great for exporting and oil but kind of sucks for imports, when I shop I try to buy Canadian as much as possible anyways, holiday in the US was never an option for me so I go overseas.
When the dollar was at $0.65 years ago the Canadian economy was doing very well and oil was at $16 a barrel.