I know this is very off topic and i apologize for this, but i am getting worried about the sinking US dollar and would like to know if others are too.
Great consequences will come if this is not curtained in the near future. The US and Canadian economy could suffer greatly.
Canada’s greatest business partner is the US. If the difference in value of our currency is not stabilized soon, our economy could start to suffer greatly. Being the second greatest trading partner with the US, the US economy would feel the effects of that decline.
The price of crude is rising and with the lowering of the value of the US dollar, the price at the pump will rise significantly in the US. That will surely put the brakes on an already fragile US economy. On the good side, if foreign goods and services become too expensive, will this boost the manufacture of US goods and in the process, create jobs?
Are we heading into a downward spiral into a recession or, even worst, a depression? I wonder, I really do. What do you guys think? Are you worried about the fallout of the decline of the US dollar and other economical factors?