Recession.

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rookiepilot
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Re: Recession.

Post by rookiepilot »

complexintentions wrote: Fri Feb 22, 2019 1:55 am
iflyforpie wrote: Thu Feb 21, 2019 9:44 am
Don’t forget that debt causes debt too. What’s the cost of the extra 160 billion Harper added to the national debt?

I’m not particularly a Trudeau fan.. but to pretend than conservatives are bastions of fiscal responsibility is delusional.

Doesn’t matter much to me anyways. Canada never gets it as bad as the US or Europe. We’re a boring nation, and that suits me just fine.
I never said that Conservatives were any better than Liberals, or dogs were better than cats. Don't put words in my mouth to suit yourself.

I just don't like people trying to deflect from the current nightmare by trying to use past mistakes as a distraction.

And my point, and question, stands - regardless of what other past governments did, why are the Liberals running (now, today) deficits about six times the "mere" $10 billion they promised, with another $75 billion projected over the next five years? I thought the budget would "balance itself"?!

I don't really care, I'm happy not to contribute one penny to the dumpster fire that is Canadian politics. But I AM curious to hear the logic to defend it, during what have been economic good times.

But hey, go ahead and elect them again - can't wait to see what they do during the bad. At least expats can vote again! :mrgreen:
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C-GGGQ
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Re: Recession.

Post by C-GGGQ »

Ah but it's cut short now. Sampson has lost his power lol
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rookiepilot
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Re: Recession.

Post by rookiepilot »

My signals are getting stronger.

Maybe I should check with Diadem and Gino first, though.

Good. A whole load of crap is going to get cheaper, homes, boats, planes, flights. Should see the deals out there already.
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mmm..bacon
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Re: Recession.

Post by mmm..bacon »

Sounds almost like you are relishing the wreckage that will result, rookie?
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rookiepilot
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Re: Recession.

Post by rookiepilot »

mmm..bacon wrote: Mon Feb 25, 2019 2:21 pm Sounds almost like you are relishing the wreckage that will result, rookie?
It's just business, as saying goes. Want to cheer for something, stick to the leafs.

I don't pay retail. Suckers do that.

Read up on Howard Marks, who you've never heard of.

I know you think your financial advisor at the local bank with pimples knows more than him, but he's just about the smartest guy in credit markets on the planet. Written a couple of books, but they don't have comics in them, so it might be tough.

He's largely uninvested these days, (well until the December sell off anyway) cause he makes a lot of money in fire sales. I don't have a problem with that.

Others waste 30 minutes to save 5 cents on a gas fill up. An hour to save money at Walmart.

I like a sale on big money items, and I started off more broke than anyone I've ever met.

Whatever works for you.
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Last edited by rookiepilot on Mon Feb 25, 2019 4:17 pm, edited 2 times in total.
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rookiepilot
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Re: Recession.

Post by rookiepilot »

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Re: Recession.

Post by mmm..bacon »

Ha ha..the Harold Marks that I thought of was the, ah...international businessman. As for my the pimply-faced kid at my local bank, I wouldn’t know - I’ve dealt with the guy 15 floors above him for at least the last decade - and I pay him to read your Marks’ books, cartoons and all, for me.
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rookiepilot
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Re: Recession.

Post by rookiepilot »

mmm..bacon wrote: Mon Feb 25, 2019 9:00 pm Ha ha..the Harold Marks that I thought of was the, ah...international businessman. As for my the pimply-faced kid at my local bank, I wouldn’t know - I’ve dealt with the guy 15 floors above him for at least the last decade - and I pay him to read your Marks’ books, cartoons and all, for me.
No one who works at a bank even gets Howard Marks. Bank people...are bank people. Only.

You are dealing with a different level....of pimply faced...salesman.

You are paying him to market to you. Sweet deal. For them.
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Re: Recession.

Post by confusedalot »

I think I said it before.

No recession anytime soon. The world has changed a whole lot. Nuclear wars, world wars, are a thing of the past. Same goes for recessions. The bean counters have gotten smarter.

Don't worry.
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Re: Recession.

Post by rookiepilot »

CANADA:
"The country's economy grew by just 0.1 per cent in the fourth quarter, for an annualized pace of 0.4 per cent, Statistics Canada said Friday from Ottawa. That's the worst quarterly performance in two and a half years."

USA:

"The 2.6 percent annualized rate of gains in gross domestic product from October to December compared with the 2.2 percent median estimate of economists surveyed by Bloomberg".
"The report shows how Republican-backed tax cuts may have continued to aid growth and help bring the full-year figure to 3.1 percent, just above President Donald Trump’s 3 percent goal."

MAGA!

----

People here think Trudeau chasing away foreign investment is somehow a good thing. Don't believe me, look at the figures. International investors have given this country the big middle finger, which is fine in a socialist paradise I guess.
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Last edited by rookiepilot on Fri Mar 01, 2019 9:57 am, edited 1 time in total.
kilo3bravo
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Re: Recession.

Post by kilo3bravo »

confusedalot wrote: Thu Feb 28, 2019 6:52 pm I think I said it before.

No recession anytime soon. The world has changed a whole lot. Nuclear wars, world wars, are a thing of the past. Same goes for recessions. The bean counters have gotten smarter.

Don't worry.
I'm also an idealist - although I'm not certain it's wise to disregard the possibility of any of those events, especially with current global instability.

Recessions are a natural part of the financial cycle. How hard/soft the looming recession becomes is a result of both Canadian and international conditions.
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Re: Recession.

Post by oldncold »

1)country net debt 655billion
2) harper added that debt in minority gov with the libs and Ndb holdn a non confidence gun to the head if he didnt. Blo. His fiscial brains out
3) until you millions of millenials who for the first time will have more voters than baby boomers. Vote and realize our dollar would be 15c. Stronger if we were not not in such a fiscal hole. They. Won't do squat
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Re: Recession.

Post by mmm..bacon »

rookiepilot wrote: Fri Mar 01, 2019 9:43 am CANADA:
"The country's economy grew by just 0.1 per cent in the fourth quarter, for an annualized pace of 0.4 per cent, Statistics Canada said Friday from Ottawa. That's the worst quarterly performance in two and a half years."

USA:

"The 2.6 percent annualized rate of gains in gross domestic product from October to December compared with the 2.2 percent median estimate of economists surveyed by Bloomberg".
"The report shows how Republican-backed tax cuts may have continued to aid growth and help bring the full-year figure to 3.1 percent, just above President Donald Trump’s 3 percent goal."

MAGA!

----

People here think Trudeau chasing away foreign investment is somehow a good thing. Don't believe me, look at the figures. International investors have given this country the big middle finger, which is fine in a socialist paradise I guess.
And yet, According to the IMF, Canada’s debt/gdp ratio is lower than that of the USA, as is our per capita debt. I wonder how much more economic activity would have to be spurred by those tax cuts to pay down the debt incurred by them?

At least, when we mention SNC-Lavalin, only Canadians laugh; MAGA, not so much...
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Re: Recession.

Post by EPR »

rookiepilot wrote: Fri Mar 01, 2019 9:43 am CANADA:
"The country's economy grew by just 0.1 per cent in the fourth quarter, for an annualized pace of 0.4 per cent, Statistics Canada said Friday from Ottawa. That's the worst quarterly performance in two and a half years."

USA:

"The 2.6 percent annualized rate of gains in gross domestic product from October to December compared with the 2.2 percent median estimate of economists surveyed by Bloomberg".
"The report shows how Republican-backed tax cuts may have continued to aid growth and help bring the full-year figure to 3.1 percent, just above President Donald Trump’s 3 percent goal."

MAGA!

----

People here think Trudeau chasing away foreign investment is somehow a good thing. Don't believe me, look at the figures. International investors have given this country the big middle finger, which is fine in a socialist paradise I guess.
Exactly! It's too bad the left wingnuts choose to ignore the data and/or spin it so that it's not a positive thing. #CNNfakenews
I also hope they nail Trudeau to the cross for the SNC scandal, he's got a lot of nerve to do what he did...to save Quebec jobs...considering what he has/hasn't done to or for our Oil Industry!! :smt013
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Re: Recession.

Post by iflyforpie »

MAGA# :lol:
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Geez did I say that....? Or just think it....?
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Re: Recession.

Post by oldncold »

1)in three years trudeau has added nealy 50 billion to the net debt ENOUGH TO FUND THE FIGHTER PROGRAM FOR 40 YEARS OMG still no jets and he goes to work in a new limo every year. go figure. :oops:

2) with that level of debt it is a blatant lie that he will ever fix the native issue other than band-aid stop gap crisis funding .

3) the interest payments on the debt exceed the budgets of the dept of defense and ingenious affairs combined. 32 billion

4) the big piss off is the lack of accountabillity on the political left . for their grandiose schemes. they want a European model but selectively forget the 525 million to pay for it and in a territory of the size of. saskatchewan

flame away.
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Re: Recession.

Post by oldncold »

if you get tired of the political bs and scheer loses the next federal election i would take a run at the job . why you ask my grand kids need a chance a low debt affordable future . which is a pipedream to the next gen
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Re: Recession.

Post by confusedalot »

Oh boy........

Gals and guys, perhaps can I point out that we are missing the point?

National pride is nice, the world does not revolve around Canada.

Lots of land mass, not a whole lot of people.

Most European countries have 3 times more people and GDP.

And then, US, China, Russia.......these are the powerhouses you need to look at.

Canada, Trudeau, harper, or whatever, have almost zero effect on the global economy, so look at the big picture.

As always, Canada will live or die, and as usual, will benefit or lose all depending on the fortunes of the big guys.

I see no global recession anytime soon
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Re: Recession.

Post by altiplano »

EPR wrote: Fri Mar 01, 2019 6:11 pm I also hope they nail Trudeau to the cross for the SNC scandal, he's got a lot of nerve to do what he did...to save Quebec jobs...considering what he has/hasn't done to or for our Oil Industry!! :smt013
Nerve? Putting the SNC charges to bed with a deal and moving on is exactly what any government should have done in this case. That some minister thought making a career out of bringing down a corporation was a good idea and dug in over it... well that's the company they're keeping over there on the left...

Blue or red, I don't want frivolous overreaching prosecutions of Canadian corporations for getting business done in less savory parts of the world... bribes paid by their shareholders and costed into their contacts in another country... guaranteed all of them German, French, American, British, Spanish Corporations are paying the same bribes to operate in these jurisdictions... it's just the way business is there, we don't need to string them up over it.

This case is overblown... the media is eating it up, the opposition is making hay... it's a waste of time.
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Re: Recession.

Post by YYZSaabGuy »

altiplano wrote: Fri Mar 01, 2019 9:42 pm Nerve? Putting the SNC charges to bed with a deal and moving on is exactly what any government should have done in this case. That some minister thought making a career out of bringing down a corporation was a good idea and dug in over it... well that's the company they're keeping over there on the left...

Blue or red, I don't want frivolous overreaching prosecutions of Canadian corporations for getting business done in less savory parts of the world... bribes paid by their shareholders and costed into their contacts in another country... guaranteed all of them German, French, American, British, Spanish Corporations are paying the same bribes to operate in these jurisdictions... it's just the way business is there, we don't need to string them up over it.

This case is overblown... the media is eating it up, the opposition is making hay... it's a waste of time.
Nope.....not even close:

1. It's not the government's job to "put the SNC charges to bed with a deal and move on". Charge decisions are made by the Director of Public Prosecutions, not by the Attorney-General.

2. Wilson-Raybould wasn't "making a career out of bringing down SNC"; rather, she was declining to overrule the DPP's decision that a Deferred Prosecution Agreement not be entered into with SNC. In other words, she supported getting the matter in front of and dealt with by the courts, under the existing law, rather than cutting a side deal with a politically influential defendant.

3. I agree with your point that bribery is the norm in some other countries, and that we shouldn't disadvantage Canadian companies from competing on a level playing field. But if you want that outcome, you need to change the existing laws - not just in Canada, but internationally as well, because this is not just a Canadian issue.

Minimizing political interference in the judicial system is a pretty clear cornerstone of our governance. I really, really don't want Trudeau, or any other politician for that matter, having the ability to quietly intercede and decide who faces criminal charges and who gets a deal, based on his own polling data, re-election ambitions, and perceived need to favour corporations from a certain province. And that, by the way, is not an issue "...over there on the left", nor is it an issue on the right: it's just common sense.
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