icepixie | Money, money

OMG. I just learned at the loonie hit $1.10 US this week. (It's back at $1.06 now, according to XE.)

*checks to make sure this isn't an alternate universe*

Note to self: get hired by a Canadian company. Hammer out salary in Canadian dollars. Remain resident in US.

Current Mood: shocked

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From:

icepixie

the whole devaluation thing will all even out in the wash if the entire world doesn't go OMGWTF DOLLAR LOSING VALUE. :)

Heh. That's what I'm worried about; I've heard rumors (probably just scare-mongering) that China is going to get out of the whole business of holding Us dollars any day now...

From:

vbrooksutk.livejournal.com

Well, if they did that it would hurt them as well. They've kept their exchange rate at an unfair level, and their current account surplus is a huge problem. No matter what, the devaluation their existing huge stock of us dollars in foreign exchange reserves is a drain on their wealth :( I guess we'll have to see how it plays out.

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To travel hopefully is a better thing than to arrive

Money, money