The Ongoing Coyotes Sale Thread

[troutman]

Originally Posted by Chester

Troutman, I just randomly thanked you for one of your posts. Your participation in this thread has been appreciated. This thread is one-stop shopping to keep up on this issue. Thx.

Someone (not me) should write a book about it.

[ken0042]

So jetsowner reporting something that Fan 590 was reporting?

[Cowboy89]

Originally Posted by afc wimbledon

People keep bringing up the posibility of the dollar dropping again, it is unlikely to happen at all, let alone any time in the forseeable future, historically the canadian dollar has generally traded at around par or above, and with the US economy entering a long term decline if any thing the next few decades are likely to see the loonie hit 1.10 -1.30.

Not that this alone makes small market canadian cities viable, but the dollar isn't going to kill them.

WTF??

Are you an economist and an FX expert now?

The history where the CAD traded in line with the US Dollar prior to the past three years was before 1970 when the currency was on a fixed exchange rate. Ever since then the $CAD has been allowed to freely float; the past three years have been the only time it had meaningfully eclipsed par. Don't get caught up in the nationalistic hype, in the broad spectrum of things the times we live in is a peak of sorts not a norm.

A couple of articles, just today:

http://www.theglobeandmail.com/repor...rticle1989140/

http://www.theglobeandmail.com/globe...rticle1988798/

[Scrollbar]

Originally Posted by ken0042

So jetsowner reporting something that Fan 590 was reporting?

well this is all rumours were dealing with, very little is fact printed by media right? this isnt gospel but its a rumour ill get behind..

[troutman]

620 KTAR . . .they just said a spokesman for Matthew Hulsizer said he was not at games 1 or 2 even though it was only an hour from his house. He could not confirm whether he will be at the game tonight or not.

[ken0042]

Originally Posted by Scrollbar

well this is all rumours were dealing with, very little is fact printed by media right? this isnt gospel but its a rumour ill get behind..

Yes, all I'm trying to do is get a handle of how many mouths this has passed over. For all we know somebody called into the Fan 590 and said "on CalgaryPuck somebody suggested X." Somebody on Jetsowner says they heard X on Fan590, then X gets repeated here.

[Resolute 14]

Originally Posted by ken0042

So jetsowner reporting something that Fan 590 was reporting?

Based on a Twitter search, it seems there isn't any great confirmation that Fan590 actually made such a report - just a lot of people asking "did you really hear that?". On Twitter, at least, it seems that only one person actually heard this report... and they claim to be based in New Westminster. /facepalm

Though as far as a name goes, it is better than most alternatives. It should just be Winnipeg Jets though, as I find the argument that "if we name the team after the province rather than the city, more people will care about us" to be rather idiotic.

[Phanuthier]

I think I missed the article, are they really going to call it Manitoba Jets to try adn get more interest?

[underGRADFlame]

Originally Posted by troutman

620 KTAR . . .they just said a spokesman for Matthew Hulsizer said he was not at games 1 or 2 even though it was only an hour from his house. He could not confirm whether he will be at the game tonight or not.

Wow. That right there says everything.

[Bluzman]

Originally Posted by troutman

620 KTAR . . .they just said a spokesman for Matthew Hulsizer said he was not at games 1 or 2 even though it was only an hour from his house. He could not confirm whether he will be at the game tonight or not.

I doubt he is a real hockey fan in any meaningful way and is just a businessman looking for a sweetheart deal.

[afc wimbledon]

Originally Posted by Cowboy89

WTF??

Are you an economist and an FX expert now?

The history where the CAD traded in line with the US Dollar prior to the past three years was before 1970 when the currency was on a fixed exchange rate. Ever since then the $CAD has been allowed to freely float; the past three years have been the only time it had meaningfully eclipsed par. Don't get caught up in the nationalistic hype, in the broad spectrum of things the times we live in is a peak of sorts not a norm.

A couple of articles, just today:

http://www.theglobeandmail.com/repor...rticle1989140/

http://www.theglobeandmail.com/globe...rticle1988798/

The average over the century is around .98, the artificial lows of the 90's weren't the norm either, and the state of the loonie vs US is determined by US and Canadian economies, whatever the state of our economy it pales into insignificance compared to what is looking likely to come down the pipe in the US. At which point the US dollar is likely to lose value heavily.

[afc wimbledon]

Originally Posted by Bluzman

I doubt he is a real hockey fan in any meaningful way and is just a businessman looking for a sweetheart deal.

Well technically it isn't a sweetheart deal, that would imply the team was being sold for cheap, in reality he is being paid to haul it away like junkbusters.

[Cowboy89]

Originally Posted by afc wimbledon

The average over the century is around .98, the artificial lows of the 90's weren't the norm either, and the state of the loonie vs US is determined by US and Canadian economies, whatever the state of our economy it pales into insignificance compared to what is looking likely to come down the pipe in the US. At which point the US dollar is likely to lose value heavily.

You can't use rates from when the exchange rate was pegged or under the gold standard for purposes of comparison. You can only use rates from 1970 onwards when the dollar was allowed to trade freely. That average is much below 0.98! You're right the 90s was low, but today is high.

[Mazrim]

Originally Posted by Bluzman

I doubt he is a real hockey fan in any meaningful way and is just a businessman looking for a sweetheart deal.

You have to admit the optics aren't great though. Considering the uncertainty of it all, you'd think he'd be there to show his support.

[calgaryrocks]

Originally Posted by Cowboy89

You can't use rates from when the exchange rate was pegged or under the gold standard for purposes of comparison. You can only use rates from 1970 onwards when the dollar was allowed to trade freely. That average is much below 0.98! You're right the 90s was low, but today is high.

agreed, but winnipeg is probably competitive at 95 or even 90 cents. we are talking about the canadian dollar vs the us dollar, and looking at the rate thier debt is increasing, plus covering more healthcare publicly when the baby boomers are about to retire, tells me the US is worse off. other countries don't want to service thier debt, so the US will have to print off mass amounts of money, thus devaluing their dollar through inflation. the Canadian economy won't be hit as hard because our debt is minimal compared to theirs, of course it will still be hit, but on a strictly canada vs us basis we should be better off

[FastEddy]

Originally Posted by Cowboy89

You can't use rates from when the exchange rate was pegged or under the gold standard for purposes of comparison. You can only use rates from 1970 onwards when the dollar was allowed to trade freely. That average is much below 0.98! You're right the 90s was low, but today is high.

High? Based on established rates since 1970 on? That's meaningless. The US has not faced an economic sh**storm like the one they are in now since the Depression. US currency would be a lot lower except that it benefits both from being the global reserve and the currency of exchange for oil and other commodities.

Standard and Poor's has put a negative outlook on the US's AAA credit rating. The Chinese are holding over a trillion in treasuries and are selling them at a furious pace to purchase commodites. US states like California, New York and Illinois are bankrupt.

The last thing Canadian owners in the NHL have to worry about is the Canadian dollar. It's got its own set of problems but is a rock compared to the Euro and the US dollar.

[FlamesAddiction]

Originally Posted by Resolute 14

Though as far as a name goes, it is better than most alternatives. It should just be Winnipeg Jets though, as I find the argument that "if we name the team after the province rather than the city, more people will care about us" to be rather idiotic.

In a large province like Manitoba with most of the population in one city and the home of the team, it probably doesn't matter. I can see it being a good strategy for somewhere like New Jersey though... or even a place like Minnesota where civic competition would theoretically stop someone in St. Paul for rooting for the team if it was call Minneapolis. I'm not sure if that would happen, but I can see a similar situation being realistically possible in some regions.

I wonder if maybe the decision to name the team after the province could be a way to soften the provincial government up in case they ever need a hand out.

[afc wimbledon]

Originally Posted by Cowboy89

You can't use rates from when the exchange rate was pegged or under the gold standard for purposes of comparison. You can only use rates from 1970 onwards when the dollar was allowed to trade freely. That average is much below 0.98! You're right the 90s was low, but today is high.

The rate was pegged from 62 to 70, I see no reason why 1900 to 62 shouldn't be taken into account. In fact I see no reason why the pegged rate shouldn't be taken into account either, it may have been pegged but obviously the rate was about right.

The exchange rate is the exchange rate, regardless of gold standard or Bretton Woods or whatever, we may find ourselves entering a N American common market with a fixed exchange rate in the future, there is no more reason to think that we will continue to maintain a floating rate anymore than not historically.

[bizaro86]

Originally Posted by afc wimbledon

...but obviously the rate was about right.

...there is no reason to think that we will continue to maintain a floating rate anymore than not historically.

If you know the appropriate level for the exchange rate, then I agree. We should quit using a floating system, and switch to a pegged rate, which can be decided by you. That way, you'll always be able to let us know what the rate should be.

[afc wimbledon]

Originally Posted by bizaro86

If you know the appropriate level for the exchange rate, then I agree. We should quit using a floating system, and switch to a pegged rate, which can be decided by you. That way, you'll always be able to let us know what the rate should be.

As long as the two economies are so enmeshed it will tend to 1-1, its as much psychological as anything else, a dollar is worth a dollar in peoples minds.