XPost: can.general, can.politics, ott.general
From: Canuck57@nospam.com
On 08/09/2011 9:53 PM, John Fleming wrote:
> On Wed, 07 Sep 2011 10:47:55 -0600, while chained to a desk
> in the scriptorium Canuck57 wrote:
>> $On 06/09/2011 6:27 PM, John Fleming wrote:
>> $
>> $> In fact, given the number of companies that do business in
>> $> the US, and the amount of business they do, the average
>> $> Canadian retail investor probably has a far greater exposure
>> $> to the US than they realize.
>> $
>> $You could bet on that. Canada's investment choices are resources and
>> $banks, the rest is garbage. I don't even consider manufacturing in
>> $Canada viable and most are "family" or private equity owned.
>
> You're right. I'm working off memory here, but if I recall
> correctly, most of the top ten in the S&P/TMX 60 are either
> banks or resource stocks. And the top ten make up over half
> the weight in the index.
>
> S&P/TSX 300 is also loaded with resource comanies.
>
> A lot of Canadian manufacturing is branch plant operations,
> mostly with US parents.
>
> If you want non-US manufacturing, you have to go overseas.
>
>> $Mutual funds are like that.
>> $
>> $Me, I am in Canada, US and China. Looking for South America to add to
>> $the portfolio. Except for Argentina, seems like Mexico south has been
>> $out performing US and Canada pretty good for over 3 years. I really
>> $like is Chile, Panama, Costa Rica and Ecuador.
>
> I'm in Canada (and indirectly US). Nothing in China, but
> some exposure to Latin America.
>
> There are some Canadian companies that do a lot of business
> in Latin America. Gold companies like Barrick have
> operations in Latin America, though often Latin America is
> only a small part of their operations.
>
> There are some quirky rules with Brazil IIRC. Something
> about needing someone in Brazil to hold the shares for you,
> so it's easier to do it through ADRs (with all the risk that
> holding investments through a US financial institution
> entail).
>
>> $>> $Why? Fleabagger greed and statism gone mad. US government be it state
>> $>> $or fed is now double its sustainable size and that is not good news.
>> $>> $Talk of tax on just having money, why stick around? As they should be
>> $>> $paying us to have Bernanke worthless electronic counterfeit.
>> $>
>> $> One of the reasons China is doing so much to prop up the US
>> $> currency is they have so much of it in their own
>> $> international currency reserves. If they let the USD float
>> $> and reach a sustainable level, they'd get creamed.
>> $
>> $As I see it, given the Bernanke currency expansion for US treasury debt,
>> $the USD is big time over valued. Right now about 6:38 Yuan to the USD,
>> $should be about 3 Yuan to the USD. But tht would mean a trillion
>> $dollar devaluation of China's foreign holdings in USD relative to the
>> $Yuan. Which is also where the friction lays.
>
> Obama also came out today calling for $450 Billion in new
> spending to "kickstart the US economy". Not sure how he
> plans to steer that through Congress.
>
> [snip]
>
>> $USA will not survive a second term of Obama over spend. That would
>> $guarantee a $23 trillion debt, and at that size, totally unrecoverable
>> $and unsustainable with absolute assured USD currency collapse.
>> $
>> $In fact, I believe US is at the tipping point now. I don't plan on ever
>> $seeing the US recover from this. And why in 2004-2006 I massively
>> $reduced my US holdings. And what remains, I will have out by early 2013.
>
> Even if it does, it will take decades to reign that debt in
> and reduce it to a more sustainable level. Heck, it took
> the US a generation to go from being the world's largest
> creditor nation to being the world's largest debtor nation.
> I figure it will take a couple of generations to reverse the
> trend.
>
>> $>> $Canada too is in this boat but is a temporary haven as in the world
>> $>> $scheme of things, Canada is a flea on the dog. Just along for the
ride.
>> $>> $ By the end of 2012 I will have 50% of my portfolio in central/south
>> $>> $America (except Argentina) where banking is more stable and better
>> $>> $returns with stable currencies.
>> $>
>> $> The one thing we do have going for us is the resources we
>> $> produce--oil, natural gas, potash, iron, nickel, timber,
>> $> uranium, . . ..
>> $
>> $This is the only reason Canada will do relatively well to the US. I
>> $mean the ONLY reason. If it were not for resources, Canadians would be
>> $better off in Mexico slums as you will not freeze.
>
> And resources is the one thing we have that the rest of the
> world wants and needs.
>
>> $> Pity the US is our biggest trading partner.
>> $
>> $Yes, and why Canada needs to develope its ability to ship goods around
>> $the world and not be so damned dogmatic about US only development.
>
> As the US economy sinks, it will be more attractive for
> Canadians to go shopping across the border too. Doesn't
> bode well for our retail sector.
>
>> $China is quickly growing as our customer, and may in time be a bigger
>> $customer than the US.
>
> No argument there.
>
>> $Strange as that sounds, it could happen. US will eventually seek 3rd
>> $world economic levels with this Keynes/Bernanke Doctrine thing.
>
> It won't have to seek them. The world will force third
> world status onto them.
>
> India, China, Brazil and other emerging nations won't stand
> for a bankrupt first world super power calling the shots and
> keeping them from enjoying their place in the sun.
While low life thinks might think the world is out to get the US, it is
more like the US is doing this to themselves. Most of the world only has
envy of the US, otherwise they don't give a rats ass about the US. US
debt and fraud is the problem, formerly a pillar now deteriorating.
Yep, these countries are now moving away from the US about as fast as
they can.
--
First rule of holes: If your in one, don't keep digging.
So in the hole, why do we insanely want more debt?
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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