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Money's also flooding out of Canada: >Money Flooding Out of Canada at Fastest Pace in Developed World http://www.bloomberg.com/news/articles/2015-11-02/money-

by Jerry2 11y ago

Money's also flooding out of Canada: >Money Flooding Out of Canada at Fastest Pace in Developed World http://www.bloomberg.com/news/articles/2015-11-02/money-flooding-out-of-canada-at-fastest-pace-in-developed-world http://www.bloomberg.com/news/articles/2015-11-02/money-floo...

beachstartup 11y ago
might be related. a lot of money has flooded into canada because of the chinese. see: real estate.
- toomuchtodo 11y ago
  While at the same time, money is flowing out of Canada due to the collapse in oil prices.
adventured 11y ago
This is due to the dollar. It's not a coincidence it's all happening simultaneously globally. For the same reason, every GDP on earth simultaneously skyrocketed (priced in dollars) as the dollar lost value in 2002/03, as the US Government began running large budget deficits under Bush. It's causing the mess in China to get worse, by pulling capital out of China more rapidly. It crashed Brazil (check out when their unemployment began to soar, exactly when the dollar run began [1]). It crashed Canada and also hit Australia hard. It caused Russia to lose 1/3 of its economy, and is bleeding off their reserves and emergency fund; and the worst isn't over yet. The strong dollar ended the USSR by tanking the price of oil, and caused their crisis in 1998 as well. The same thing happened in Asia in the late 1990s, when the strong dollar crashed numerous economies there. This time is worse in terms of sheer damage, as those Asian economies are far larger today (as are Canada, Australia, Russia and Brazil). Every day the dollar remains strong, things will get better for the US and worse for almost everyone else. It has already pulled trillions in capital back to the US, and has boosted real US annual purchasing power by at least $2 trillion in just 18 months. The US has gone from #9 or #10 in the world in GDP per capita in 2014, to #5 on the IMF's projections for 2015, due to the dollar. [1] http://i.imgur.com/MCsEaOb.png http://i.imgur.com/MCsEaOb.png

by Jerry2 11y ago

beachstartup 11y ago

might be related. a lot of money has flooded into canada because of the chinese. see: real estate.

toomuchtodo 11y ago
While at the same time, money is flowing out of Canada due to the collapse in oil prices.

adventured 11y ago

This is due to the dollar. It's not a coincidence it's all happening simultaneously globally. For the same reason, every GDP on earth simultaneously skyrocketed (priced in dollars) as the dollar lost value in 2002/03, as the US Government began running large budget deficits under Bush. It's causing the mess in China to get worse, by pulling capital out of China more rapidly. It crashed Brazil (check out when their unemployment began to soar, exactly when the dollar run began [1]). It crashed Canada and also hit Australia hard. It caused Russia to lose 1/3 of its economy, and is bleeding off their reserves and emergency fund; and the worst isn't over yet. The strong dollar ended the USSR by tanking the price of oil, and caused their crisis in 1998 as well. The same thing happened in Asia in the late 1990s, when the strong dollar crashed numerous economies there. This time is worse in terms of sheer damage, as those Asian economies are far larger today (as are Canada, Australia, Russia and Brazil). Every day the dollar remains strong, things will get better for the US and worse for almost everyone else. It has already pulled trillions in capital back to the US, and has boosted real US annual purchasing power by at least $2 trillion in just 18 months. The US has gone from #9 or #10 in the world in GDP per capita in 2014, to #5 on the IMF's projections for 2015, due to the dollar. [1] http://i.imgur.com/MCsEaOb.png http://i.imgur.com/MCsEaOb.png