dittman said:
if it wasnt for the very fact that canada was right next doo to the most dynamic economy that the world has ever seen they would be at best a 2nd world country at best but we are the engine that pulls the world economy.
Don't hold your breath.
By year's end, the second largest oil importer worldwide will be China - and still gaining fast on the US, which is presently the largest oil importer.
Chinese interests have bought one of Canada's largest mining companies - Noranda.
Steel prices are at historic highs because of the building boom in China.
In the foreign exchange markets, measuring fluctuations against the US dollar has become almost meaningless. The price of gold has not changed much when measured in any major currency other than the US dollar.
While the Dow has gone up, from the point of view of a foreign investor (you know, the ones that pretty much drive the US economy these days), they have lost ground because the US dollar has fallen a lot more than the market has increased.
The Euro is soon going to be the benchmark currency worldwide, if it isn't already.
It took the world by surprise when the Soviet Union fell apart so fast in the early 1990's. It'll be no different when the US economy collapses. Get used to it, dittman.