One Euro = One USD

[errolanderson]

A 20-year low for the Euro as investors scramble toward the U.S. dollar as safe-haven buying. Gold RIP, deflation’s appetizer . . . .

[Rareearth]

Just like crypto’s

Digital currency yes, im not sold on crypto’s yet

[TOM4CWB]

About time. EU in middle of a nasty war... about to be frozen out this winter... these folks can't fight there way out of a wet paper bag!!!

[sumdumguy]

They will all be looking to US to save them. No use looking to Canada because Trudeau hates the oil producing provinces.

[Austrian Economics]

Bank of Canada raised its benchmark rate by a full percentage this morning.

Quite unexpected.

This is gonna hurt.

[Kraut]

Just like crypto’s

Digital currency yes, im not sold on crypto’s yet

Crypto is meant to be traded, not horded or seen as an investment. I sold 99% of my holdings last Dec and am easing some cash back in to dollar cost average in the last 2 weeks. Then be ready to sell again at the drop of a hat.

[LEP]

Bank of Canada raised its benchmark rate by a full percentage this morning.

Quite unexpected.

This is gonna hurt.

When they wait too long to raise rates they have to over compensate.

Incompetence

[Sodbuster]

When they wait too long to raise rates they have to over compensate.

Incompetence

Completely agree and still think they may have to go at least one more percent yet. Rates should never of been allowed to get that low in the first place. Biggest reason for the skyrocketing housing and land prices seen in Canada was 2% mortgages, had we had 6% mortgages we would never of seen this happen.

[shtferbrains]

Seems the Central Banks an governments have hit a SNAFU in their economic planing.

Might be best described as a FUBAR.

Two words that cover the current situation perfectly.

But shouldn't have to use them to describe the world economy.

[Templeboy]

Low rates drove up many asset classes (stock markets, houses and farmland esp). Government spending is what blew up consumer prices, now we are going to pound 2" nail with 5lb hammers to fix it. then its going to take more gov't money to fix in 2 years. There are going to be bankruptcies, foreclosures, and property surrenders and the courts are going to be backed up even further.