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said another way: you can't lose money you don't have that might not help, so here's a picture of a pack of corgis on a beach, hope it helps: http://media.tumb
by dhuck 18y ago
said another way: you can't lose money you don't have
that might not help, so here's a picture of a pack of corgis on a beach, hope it helps: http://media.tumblr.com/b9vfl4b63eh5j0pmcEfbxxxGo1_500.png http://media.tumblr.com/b9vfl4b63eh5j0pmcEfbxxxGo1_500.png
- run4yourlives 18y agoOh I'm not worried. 95% of my assets are Canadian! :)
- alex_c 18y agoWell, let's see how well Canada does if the US economy collapses... :-/ So far the strong loonie has decimated some industry sectors, I'm surprised things aren't worse overall.
- bilbo0s 18y agoLittle known fact . . . Canada and the EU opened discussions a while ago on Canada's integration into that politico-Economic body. I am sorry to be the bearer of bad news . . . but we are almost certainly on our own with this. China and Mexico may give token assistance as they are able.
- fallentimes 18y agoEveryone is going to get hit in some form. World diversification for the win...even if you take some lumps, you'll survive.
- kingkongrevenge 18y agoCanada is arguably set up for a harder fall. Household balance sheets are even worse there, and the dependence on commodities could prove to be a disaster in a global economic downturn.
- run4yourlives 18y agoHousehold balance sheets are nowhere near as bad here in Canada as they are in the US. This is common knowledge so please provide some figures if you've got something that suggests otherwise. We also have stronger banks and didn't get nearly the "deals" that American's got for mortgages. You are correct about our dependence on resources, but the US is only one of several markets we export to. I'm sure China and India won't mind buying our oil and trees.
- kingkongrevenge 18y ago> Household balance sheets are nowhere near as bad here in Canada as they are in the US. This is common knowledge Simply untrue. The debt to income ratios are about the same, but US households on average still have more assets and cash.
- run4yourlives 18y agoAgain, a citation is required. Canadian economists regularly state that the D/I ratio is much better in Canada than in the US. (Although it is a cause for concern nonetheless) Also, given the dramatic drop in US housing values and only a leveling off of Canadian prices, I question your second point as well, at least looking forward.