Quote:
Originally Posted by Zulu29
Ok, first off I used to work in the patch in northern BC and Alberta so I'm not "anti-Alberta and anti-oil".
And I don't profess to be a business or economics expert however I think we all saw what speculation and "pumping" up of stocks led to in the world economy in 2008.
Just because I posted a globe and mail article doesn't mean I don't get info from other sources either.
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I didn't say you did. I said the G&M is anti alberta and anti oil.
I'm sure you get info from lots of places, but posting a G&M article to prove a point about the true value of the CAD is not credible. Nothing against you, just your source is a hot steaming pile of garbage.
My point is that the CAD is not artificially inflated, its current value is a true representation of its value. If it wasn't those speculators, would adjust its true value by way of selling the crap out of it.
What happened in 2008 has nothing to do with the CAD value being over or under or truly valued in the marketplace. 2008 exposes massive flaws in market economies and democracies, but none of those flaws have to do with 2013 CADs.