RE: RE: USD to CAD Conversion And in 2008, what happened?
I find it very unlikely that another round of QE will come.
The US economy may not be particularly strong, but there is no reason to fluff the economy.
The US is seeing what an economy not based in debt looks like.
However, US and perhaps China may have to come to the resuce of the EUROZONE. I do not think there is a high probability of that as the US has a history of trying to keep out of others businesses.
They might have gone and fought wars elsewhere to further their own agenda, but the US hardly ever does anything that will not benefit them.
Some might say that what is happening in Europe is proof that Capitalism doesn't work. I think it says that Socialism doesn't. That's why the US will not come to the rescue.
Anyways .... it sucks that people got hammered here. After doing a little more reading, it seems that production difficulties along with poor management is to blame. More than likely the people behind it will emerge under a different company that is again first private and then goes public. Unless they made enough to survive the rest of their lives.