Moonbox

No, I quoted what I disagreed with, TWICE. This: Is not: The former is another clueless gem from CdnFox that's categorically false. The latter is something nobody ever argued against, but here you are trying to debate with yourself on it anyways. ?

Great, and as an alternative, you're in lockstep with the Ayatollah Iran and the Supreme Leader of North Korea. That's some pretty potent copium you're smoking. ?

No I didn't. That's just you making shit up again. Here's what I contested: The magic of the quotation system is I can go back and directly point at your ignorant bullshitting. You need only look at places with much higher GDP like the USA falling regularly below places like Canada in quality of life and standard of living. So once again here you are, arguing with yourself and carrying on like the angry assclown that you are.

These topics are better discussed in a macro sense. Like...if productivity per employee in Canada went up 10%, but real wages stayed the same and all of the new earnings from that only went to the very top 1%, it would contribute next to nothing to the overall standard of living. Situations like you suggest where one person drags the average up are good....as long as they're being rewarded for it.

You'll never know, living in the clownworld as you do. How's Tucker Carlson's ass taste? ?

Congratulations on once again arguing with yourself. Nobody anywhere here, at any moment, suggested that GDP per capita isn't a measure of productivity. ?

So that Russia could do what it pleases in Ukraine, which is what you wanted to see. You just posted an MSM article in another thread saying this might not happen, so once again you screech "MSM media bad reeee!" until it says something you want to hear. It stopped Russia in its tracks and forced them to bunker down well short of their declared goals, at the very least. Thanks for coming out again, genius.

...but but you don't trust the MSM, right? ?

This is so unbelievably wrong, and so completely clueless, it's laughable. Standard of living is not a GDP per capita measurement, nor is quality of life. If wealth is too heavily concentrated at the top, you can have an increasing gdp per capita and a declining standard of living. Yeesh indeed. You once again demonstrate the comical disconnect between your actual level of knowledge and your confidence level in it. I don't even agree with Michael on this topic, and would argue that equity doesn't have much to do with productivity, but when we're talking about average economic well-being, what you're saying is utterly ridiculous.

Who cares?

My reading and "compression" skills...? You're a treasure trove of low-IQ quotes bud.

My case is for fundamental economic principles. When nearly 40% of Canada's investment capital goes to housing (higher than anywhere else in the world), it's not going to other things like productivity-enhancing business investment. Denying this relationship make you the economic equivalent of a flat-earther. ?

Can you explain how Ukraine is responsible?

I just did. Economics 101 is evidently over your head. ?

Yes! Really! ? As for when, you've been squawking his messages from the beginning of this thread. Presumably you don't speak Russian, so we forgive you for paraphrasing off Russia Today.

Because you parrot everything he says, which is all critical of the other side. That this struck you as a novel thought worth examining is shockingly dumb.

I make my own bread. Sometimes I do it with the grains I use to make my own beer. It's good. Lots of people make bread where I live.

These sorts of comments are how we know your knowledge of economics is next to zero. Saying there's no link/correlation (direct or otherwise) between two alternative investment classes underlines an ignorance of even basic concepts like scarcity and opportunity cost. Woof.

If it wasn't an invasion, then the Earth doesn't orbit the sun either. In 2014 I flew to Mexico from Toronto. I drank a bunch of Mexican beer. I travelled around the Mayan Riviera. Margo Robbie said that sometimes you have to be a beauty and a beast.

1) We're talking about a multi-decade trend, not "at the moment", and it's been documented and talked about by economists and think tanks like CD Howe for years. 2) If housing starts are down then new home construction isn't stable...it's down...because they're the same thing. 3) You demonstrably don't know what you're talking about. So you're telling us that perfectly safe investments are better in a heavily-down market? Great! I'm afraid this is another example of you nattering about things you don't know anything about. Here's a summary from the Post, which you're so fond of quoting: A good tax system rewards risky investments that increase the economy’s capacity to grow. Housing is a drag on productivity since it’s a magnet for capital that could be better used elsewhere. Canada plows significantly more money into transferring existing homes to new owners than it does on research and development each year. https://financialpost.com/news/economy/housing-mania-requires-tough-decisions-something-the-government-cant-be-trusted-to-make

There's the full quote! Let's see...Yep! It's still incredibly stupid! A picture of a grocery store from a free stock photo website? Every time I think we've reached the floor on your foolishness, you up the ante and prove me wrong.

I don't think you can blame them for the problem, but perhaps for not fixing it more quickly. This is something that's been Yes. I think Doug Ford is just doing anything he can to not play culture politics. He'll win the next 2-3 election just by not being a complete assclown. That's how bad the Liberals were before.

Desired effect and optimal effect are also vastly different. I can agree that the western media had an overly rosy idea of the scale and immediacy of Russia's economic pain. Russia was able to prop up their currency with a war chest they'd built up over a decade (which is close to gone now) and with spiked oil prices (which have since fallen). However unrealistic western prognostications were, we have to also keep in mind that Russia doesn't provide a fair accounting of much of anything when it comes to their economy. 25% of Russia's budget in 2023 is completely classified.

It's not wrong. This is something the Fraser and CD Howe Institutes have been warning about for years, along with economists across the country, and even the newspapers have been all over it recently as well. You even highlighted one of the primary problems: Which as far as productivity and GDP goes, it does little/nothing for the economy. Near-free borrowing costs made real-estate speculation safer, easier and more profitable than investing almost anywhere else. If you could make money doing that, capital business investment ends up being unattractive and we've seen the rates of both get increasingly unbalanced over the last 15-20 years. Unsurprisingly, it's come with decreasing labor productivity growth compared to our peers.

and that's one of the biggest problems we have with productivity. When real-estate speculation is more profitable for people than business/enterprise investment, that's where the money goes. If was all going to building new places, that would be one thing, but tying increasing amounts of money up into an existing residential market isn't doing anything for productivity.