Lockout thread #2: mediation done - no progress
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11-19-2012, 12:18 PM
Now 11.5% more Zen
Join Date: Apr 2005
Location: Hockey Hell
Originally Posted by
Blue And Orange
This is very true. The Oilers do well financially coincides with the strength of the Canadian dollar. Right after the lockout, the loonie began to pick up.
The Oilers almost moved to Houston in 1998 and that's when the loonie was worth 60 cents US.
But this low valuation largely being unsubstantiated and compared with a USD that was vastly overrated, was a house of cards speculative currency, that was primed for a huge bust.
There was a strange overvaluation of the USD that was more speculative than anything I've ever seen. That bubble burst bigtime. I can't see the Canabuck going back to 6ocents and I can't see it legitimately ever being there in the first place.
Maybe with another Canadian govt complicit in the devaluation of its own dollar.
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