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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: Effect of the fear

Feb 03, 2010 02:44PM

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Yes the Eurozone is tricky.Though the differance between the two is that the US is acting like one State while the Eurozone has still his own countries with different approach.They like to be untited but it's far from reality.

So if Spier is right and the Cad $ is the best then I'm good placed in Cad stocks.But isn't the Cad $ not triggered by the commodities and also oil .So where is the balance between the currencies and economic status?If the economy can hold it's current levls or better improved a bit then it will be ok for oil.But if you read all these debt problems all over the world it looks quite a serious problem and I think our generation has got the best times since long.The future however it's so rosy.Big industries are moving away to lower cost countries which also have more grow.Many people these days have fear to loose their jobs and the ones who have one has to work harder with less payment.

The differance between the high and mid class and the lower will be widened again.

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