Quote:
Originally Posted by arsenal
Does it actually affect Canada? Or is just speculators selling and re-investing in something they deem more stable?
Part of me wants to think that the markets have been way too speculative lately. I hope that this will get some of the speculation out of the market, and get back to actual real numbers.
Mind you I am no market guy.
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The Yanks buy a lot of stuff from us. If they go into the crapper, they'll stop buying so much stuff.
That's
my "I don't know anything, but that seems straightforward and likely true" answer. I'm sure there are other things that will effect us as well.
I've got a different question -- they keep talking about "employers won't be able to borrow money to pay employees, so they will be laid off".
Isn't an employer who borrows money to pay his employees on his way out of business anyway? The guy on CNN has brought it up several times. He even said "employers need to be able to borrow that money to keep the lights on, to stay in business". It doesn't make sense to me.