With Canadian housing at all time high's and in need of a correction. Anyone here considering shorting the canadian dollar? Its low at the moment but can still maybe drop another 10%?
A housing bubble burst MAY actually be bullish for cash, since a lot of debt, leverage, and perceived wealth gets wiped out. When someone gets upside down on their mortgage, suddenly cash seems a lot more valuable! When banks stop recieving payments on their debt "assets", suddenly cash seems a lot more valuable. Right now I'd think the downward pressure on the CAD & AUD is the lull in hard commodity prices, not housing market concerns.
