Sharky:
Inflation in the US is also bad. But, not the way our government counts it. They changed the way they count inflation by excluding food and energy. There is a man who tracks it the way the US Government used to track it. Real inflation is running 10% and unemployment is now 20%. Not the 9% the government reports. Our government flat out lies to us every da** time they report these numbers. How pathetic is that.
The prediction is that the US$ will strengthen about another 2 1/2% before retreating. The retreat will be serious and the cry fror replacement of the US$ as the reserve currency will build. Inflation will get worse in the US, which is actually what Bernanke wants in order to minimize our debts denominated in Dollars which is still the world reserve currency. As why people are so low. With the state of the economy in Europe and US, what can one expect? Those who are out of work, are in real trouble. Rising prices and no work. Those who are working are feeling the effects of inflation with reduced purchasing power.
Oil will go up and if Connacher can last long enough, it will likely be ok for a while. At least until the price of oil, food, etc. causes another economic collapse!
Brian
