Holy crap, the loonie is at a buck-seven USD. Economic analysts are saying that a jump to $1.10 isn’t just feasible but indeed near-term likely.
The Federal Reserve is just looking at this point for an excuse to cut interest rates, but it has to realize that doing so would be, you know, bad. Like drawing reasonable comparisons to Weimar-era Germany level of bad. Like oil-prices-well-over-$150 bad. And while I quite anticipate being able to buy things from Amazon this Christmas with what essentially amounts to about a fifteen-percent-off coupon, having Americans forced to cart around stacks of $10,000 bills in wheelbarrows to buy loaves of bread is something, on balance, I would prefer to avoid.