Economy and dollar value

Lindsey · 10-09-2008, 11:01 AM

I'm really sorry, I didn't mean to come off snobbish in my post. I just reread it and I don't like the tone that seems to come across!
I feel really badly for everyone else who is going through hard times right now. I almost feel guilty for doing well here.

HALEY · 10-10-2008, 03:22 AM

Aww Lindsey don't worry about it, it's not your fault, its the banks fault... its just a very depressing time to live thru right now, i'm losing sleep over this, my 401K and my husbands is almost down to zero, just worried about the furture here.. it's not looking good for a couple of years they say it's going to be this way to the fall of 2009.. just not myself these days...

celstu1 · 10-10-2008, 06:09 AM

Lindsay, your dollar up there is worth your dollar in Ontario, so you gotta look at your country as a whole not just your section of the country. Thats why your dollar is not higher. Not to mention, with the whole global market being down our dollar has become stronger than other markets because their dollar value fell when their market went down. Believe it or not, the US is starting the upward trend to recovery now. We are looking at a recovery next year. Some countries are just starting the downward slide and not expected to recover until 2010, 2011. I do not think your dollar will go up much more before your trip, it may fluctuate here and there a little bit in the next months.

Good Luck with that and have fun on your trip!

judy · 10-10-2008, 07:14 AM

Can you call a bank or some financial institute? Maybe the Embassy? It might be a good idea to find out if you should cash in now or wait.

Gina · 10-10-2008, 07:21 AM

Quote:

Originally Posted by HALEY

Aww Lindsey don't worry about it, it's not your fault, its the banks fault... its just a very depressing time to live thru right now, i'm losing sleep over this, my 401K and my husbands is almost down to zero, just worried about the furture here.. it's not looking good for a couple of years they say it's going to be this way to the fall of 2009.. just not myself these days...

Haley you are not in this alone honey.. My husband has lost a lot of money in his 401K also as many others. Things are very bleak at the moment, but we have to think postive. Fear begets fear, I hope that you do not lose your job I will say a prayer for you.

The good news is that you are still both young and it will stablize in the next few years. Pity the ones that are retiring now...I am sick of listening to the news and so on. I to have lost a nice paycheck a deal went south because of the mortgage the buyer was not able to obtain. We are all feeling this.The scary part is that no one has seen such a market as this with its yo yo effects. Another dismal thought is the unknown and come this November, not to start a politican fight here which there is no right or wrong answers we all have our feelings and thoughts on the campaign. Who knows what we are in for.. Lets pray for the best... God Bless America!!

Lindsey sorry didn't mean to hijack your thread...

Lindsey · 10-10-2008, 07:35 AM

Don't worry about hijacking, this is all interesting to me

I know that the Canadian dollar is from the country as a whole, but when we were struggling in the west, Ontario was big and powerful, and now it's turned around. So basically as a whole, we're stable. Even though we're losing some economy in one province, we're growing in other provinces.

Judy, that's a good idea about contacting a financial institute...

I talked to my brother about everything yesterday and he reminded me I should talk to my uncle about this stuff. I didn't even think about that! He is big into financial stuff and he's a really smart man. He has invested a lot of money into stocks and has made quite a bit from it. He might be able to shed some more light on the whole dollar value question for me!

HALEY · 10-10-2008, 07:48 AM

Quote:

Originally Posted by Gina

Haley you are not in this alone honey.. My husband has lost a lot of money in his 401K also as many others. Things are very bleak at the moment, but we have to think postive. Fear begets fear, I hope that you do not lose your job I will say a prayer for you.

The good news is that you are still both young and it will stablize in the next few years. Pity the ones that are retiring now...I am sick of listening to the news and so on. I to have lost a nice paycheck a deal went south because of the mortgage the buyer was not able to obtain. We are all feeling this.The scary part is that no one has seen such a market as this with its yo yo effects. Another dismal thought is the unknown and come this November, not to start a politican fight here which there is no right or wrong answers we all have our feelings and thoughts on the campaign. Who knows what we are in for.. Lets pray for the best... God Bless America!!

Lindsey sorry didn't mean to hijack your thread...

Thanks Gina i needed that today. I'm jumping off this tread... talk to you later..

Lindsey · 10-10-2008, 07:56 AM

Well I think I got my answer... dollar value is not necessarily tied to economy...

Loonie dives to 84 cents as traders ignore data
John McCrank, Reuters
Published: Friday, October 10, 2008
Canadian dollar fell to a 17-month low on Friday.
TORONTO -- The Canadian dollar fell to its lowest point in 17 months against the U.S. dollar on Friday as fears of a global recession and weaker commodity prices outweighed some stronger than expected economic data.

10-09-2008, 11:01 AM	#1
Lindsey Donating 4WT Talker Join Date: Sep 2006 Location: Saskatchewan Posts: 3,764	I'm really sorry, I didn't mean to come off snobbish in my post. I just reread it and I don't like the tone that seems to come across! I feel really badly for everyone else who is going through hard times right now. I almost feel guilty for doing well here. __________________ Lindsey "I don't mind living in a man's world as long as I can be a woman in it..." -Marilyn Monroe

10-10-2008, 03:22 AM	#2
HALEY Senior Member Join Date: Jan 2008 Posts: 2,147	Aww Lindsey don't worry about it, it's not your fault, its the banks fault... its just a very depressing time to live thru right now, i'm losing sleep over this, my 401K and my husbands is almost down to zero, just worried about the furture here.. it's not looking good for a couple of years they say it's going to be this way to the fall of 2009.. just not myself these days... __________________ PROUD MOMMY

10-10-2008, 07:14 AM	#4
judy Donating 4WT Yakker Join Date: Jan 2007 Location: Denver, NY Posts: 8,097	Can you call a bank or some financial institute? Maybe the Embassy? It might be a good idea to find out if you should cash in now or wait. __________________ *Judy*

10-10-2008, 07:35 AM	#6
Lindsey Donating 4WT Talker Join Date: Sep 2006 Location: Saskatchewan Posts: 3,764	Don't worry about hijacking, this is all interesting to me I know that the Canadian dollar is from the country as a whole, but when we were struggling in the west, Ontario was big and powerful, and now it's turned around. So basically as a whole, we're stable. Even though we're losing some economy in one province, we're growing in other provinces. Judy, that's a good idea about contacting a financial institute... I talked to my brother about everything yesterday and he reminded me I should talk to my uncle about this stuff. I didn't even think about that! He is big into financial stuff and he's a really smart man. He has invested a lot of money into stocks and has made quite a bit from it. He might be able to shed some more light on the whole dollar value question for me! __________________ Lindsey "I don't mind living in a man's world as long as I can be a woman in it..." -Marilyn Monroe

10-10-2008, 07:56 AM	#8
Lindsey Donating 4WT Talker Join Date: Sep 2006 Location: Saskatchewan Posts: 3,764	Well I think I got my answer... dollar value is not necessarily tied to economy... Loonie dives to 84 cents as traders ignore data John McCrank, Reuters Published: Friday, October 10, 2008 Canadian dollar fell to a 17-month low on Friday. TORONTO -- The Canadian dollar fell to its lowest point in 17 months against the U.S. dollar on Friday as fears of a global recession and weaker commodity prices outweighed some stronger than expected economic data. __________________ Lindsey "I don't mind living in a man's world as long as I can be a woman in it..." -Marilyn Monroe

10-10-2008, 06:09 AM	#3
celstu1 Member Join Date: Apr 2008 Posts: 92	Lindsay, your dollar up there is worth your dollar in Ontario, so you gotta look at your country as a whole not just your section of the country. Thats why your dollar is not higher. Not to mention, with the whole global market being down our dollar has become stronger than other markets because their dollar value fell when their market went down. Believe it or not, the US is starting the upward trend to recovery now. We are looking at a recovery next year. Some countries are just starting the downward slide and not expected to recover until 2010, 2011. I do not think your dollar will go up much more before your trip, it may fluctuate here and there a little bit in the next months. Good Luck with that and have fun on your trip!

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Hybrid Mode Switch to Threaded Mode

	Contact Us - 4WomenTalk.com - Archive - Top
		Powered by vBulletin® Version 3.8.7 Copyright ©2000 - 2025, vBulletin Solutions, Inc.