Whither the economy?

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fish4life
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Re: Whither the economy?

Post by fish4life »

Manufacturing isn't coming back or the manufacturing we do get back will be for much lower pay, I see a much less rosy outcome than you do.
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Flybabe
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Re: Whither the economy?

Post by Flybabe »

schnitzel2k3 wrote:I love it when people spout the same doom and gloom they read in the paper without thinking constructively and for themselves...
I will say, pretty much all Rookie50 and Mach1 have alluded to is not in the newpapers. It's much rosier in the mainstream rags.

Agree to living within your means, budgeting, and saving (whenever possible). :)
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Rookie50
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Re: Whither the economy?

Post by Rookie50 »

Flybabe wrote:
schnitzel2k3 wrote:I love it when people spout the same doom and gloom they read in the paper without thinking constructively and for themselves...
I will say, pretty much all Rookie50 and Mach1 have alluded to is not in the newpapers. It's much rosier in the mainstream rags.

Agree to living within your means, budgeting, and saving (whenever possible). :)
I agree too, with the last line. Most, by the stats, aren't doing so.

I (try to) make decisions in my business based on tommorrows headlines, not todays, BTW......
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scopiton
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Re: Whither the economy?

Post by scopiton »

bank of canada's governor said a rate raise is not in the pipe but rather a downgrading to negative rates. which is not announcing a dynamic economy or investments or even consuming. it means putting your money at the bank will cost you, instead of receiving your interest rate share.

Arabia Saudi is gearing up for low oil price and just increased gas price at the pump, and UAE is on the verge of introducing income tax because of decreasing oil revenues.
low oil price will certainly last.

China's 2 digits growth is something of the past.

Commodities producers are starting to retain stocks to increase prices and stop selling below production cost.(copper)

Canada's GDP growth in 2016 should be around +1.6% 2015's numbers according to scotia bank's "specialists".

some companies are buying back their own stock to artificially increase Earnings Per Share. like this they can meet target and everybody gets its bonus, even if revenue suck. why would you save cash AND dig into the debt to do that ?

the gold is flat dead. for now...

make your own connections.
personally, I think it's time to have cash to invest when everything goes sideways.
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Flybabe
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Re: Whither the economy?

Post by Flybabe »

Aren't we already in negative territory, thanks to account fees?
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NunavutPA-12
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Re: Whither the economy?

Post by NunavutPA-12 »

mbav8r wrote:
..... I've had enough! Where? I don't know but somewhere I can keep a little more of my income, if that exist. Can anyone offer some insight on that ...... (?)
Nunavut :lol:
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schnitzel2k3
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Re: Whither the economy?

Post by schnitzel2k3 »

They also advised that negative interest rates were not an option they wanted to rush into but were an option that would only be used in extenuating circumstances, I.e to restart a completely stalled economy (for instance if the so called housing bubble popped which would basically be the straw that breaks Canada's economic back).

*prior rant edited - was waiting for coffee*

We'll be fine. Something, something China.

S.
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fish4life
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Re: Whither the economy?

Post by fish4life »

Today has been a very interesting day, reflected in AC's stock. China devaluing its currency today is not good for a commodity based country like Canada.
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Strobes
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Re: Whither the economy?

Post by Strobes »

YYZSaabGuy wrote:
Strobes wrote:Remember folks, if you're your own boss, you can't get fired or laid off!
Sure you can: your customer(s) can fire you. It's just called going out of business, or going bankrupt. Or both.
That's all dependent on your business, but yes, the only one who you can blame is yourself. Which is why I prefer it than being at the mercy of the pink slip.
scopiton wrote:personally, I think it's time to have cash to invest when everything goes sideways.
Been reading the Greater Fool, have we?
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scopiton
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Re: Whither the economy?

Post by scopiton »

don't know what you're referring to.
I prefer value investing and I do my own research.
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