Thursday, January 24, 2008

Loonie vs Greenback

I'm glad I made a couple of purchases and withdrew a bunch of cash when I did--back when it only took about 97 cents to buy a Canadian dollar. Now it's almost back to par. Man, I picked the wrong time to travel. The US dollar is so weak. It does have the salutary effect of making me watch my budget more closely than ever. But, I suppose we are at a point where it can't get too much better, anyway. The American public has been consuming more than it produces and paying the difference with debt. Now they are all maxed out and the world can't find enough stuff to buy from us to make our dollars worth anything. I'm glad I'm getting out to see the world now. Some tough times are ahead.

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