On Guard for Thee Posted August 9, 2015 Report Posted August 9, 2015 NDP supports actually hope for bad economic news. They actively route against Canada in hopes for political power. No Shady, I think they "route" against the Harper government for creating it. Quote
Smallc Posted August 9, 2015 Report Posted August 9, 2015 No Shady, I think they "route" against the Harper government for creating it. Then they'd be idiots. Quote
On Guard for Thee Posted August 9, 2015 Report Posted August 9, 2015 Then they'd be idiots. Oh so it's only idiots who don't like being in a recession. I see. Quote
Smallc Posted August 9, 2015 Report Posted August 9, 2015 Oh so it's only idiots who don't like being in a recession. I see. It's only idiots that think Harper caused said potential recession. Quote
On Guard for Thee Posted August 9, 2015 Report Posted August 9, 2015 It's only idiots that think Harper caused said potential recession. Well at least you (and your buddy Harper) are finally getting to admitting we are in one. Some progress. Quote
msj Posted August 9, 2015 Report Posted August 9, 2015 (edited) I agree that Harper did not get us in this recession. The issue is what happens if commodity prices and a slowdown in China lead to a reduction in the FIRE industries? That could turn a "technical recession" into a full scale Great Recession. Jim Flaherty was cognizant of the risks even though he helped bring it in with ridiculous easing of mortgage rules. But at least he turned around policy somewhat (not enough, but better than nothing). This current guy, Joe Owe, has done nothing and then Harper comes out with his idiotic home renovation tax credit idea to further fan the flames on a part of the economy that does not need any help. Or, maybe it will need the help if/when that policy is implemented. Remember we all feel nice and rich when asset prices are high; but debt levels persist no matter if assets go up or go down. Also remember that Canada's demographics right now are scary: the 25 to 54 year old demographic is not growing like it used to and that will have implications going forward. If the SHTF then Harper will deserve much criticism. Edited August 9, 2015 by msj Quote If a believer demands that I, as a non-believer, observe his taboos in the public domain, he is not asking for my respect but for my submission. And that is incompatible with a secular democracy. Flemming Rose (Dutch journalist) My biggest takeaway from economics is that the past wasn't as good as you remember, the present isn't as bad as you think, and the future will be better than you anticipate. Morgan Housel http://www.fool.com/investing/general/2016/01/14/things-im-pretty-sure-about.aspx
bush_cheney2004 Posted August 9, 2015 Report Posted August 9, 2015 ...This speculating and big profits/big losses never used to happen in residential real estate years ago, because nobody would consider the house they needed to live in to be a short term investment vehicle! Yes it did...happened back in the early 1980's in Alberta: In the 1980s, the federal document said house prices in Calgary fell by 31 per cent and by 26 per cent in Edmonton between 1981 and 1985. The declines followed a surge in real-estate activity driven by higher energy prices, it said. The document, prepared for deputy finance minister Paul Rochon, also blamed Alberta's housing slide in the 1980s on aggravating factors that are no longer present. The examples include the existence — and eventual failure — of small banks ill-prepared for the boom-time risks. It also highlighted the 1980 introduction of the controversial national energy program, which among other things, shocked the economy by setting oil at a "made-in-Canada price." http://www.insidehalton.com/news-story/5598652-no-1980s-flashback-for-alberta-real-estate/ Quote Economics trumps Virtue.
Keepitsimple Posted August 9, 2015 Author Report Posted August 9, 2015 I am glad if things are looking up, especially if it's coming from the non energy sector. We need to be able to sustain ourselves without destroying the earth that sustains us all. But are you suggesting that Harper et al never blamed the Liberals for recessions when they were in power? . Don't care about yesterday - only today and going forward.....leave the old battles behind. Quote Back to Basics
Keepitsimple Posted August 9, 2015 Author Report Posted August 9, 2015 Well at least you (and your buddy Harper) are finally getting to admitting we are in one. Some progress. No - actually Harper said we might be about to enter a technical recession because as was posted previously, a real recession is one that is broad - across several sectors when in fact Canada's challenges are almost exclusively in the resource sector - and chiefly oil and gas. And you find that surprising with oil at under $50 per barrel? Have some faith in the country - we're not a one-trick pony. I know you hate the guy - but facts are facts. Quote Back to Basics
On Guard for Thee Posted August 10, 2015 Report Posted August 10, 2015 No - actually Harper said we might be about to enter a technical recession because as was posted previously, a real recession is one that is broad - across several sectors when in fact Canada's challenges are almost exclusively in the resource sector - and chiefly oil and gas. And you find that surprising with oil at under $50 per barrel? Have some faith in the country - we're not a one-trick pony. I know you hate the guy - but facts are facts. The only thing surprising is that he actually admitted what we all knew in the debate. Quote
Smallc Posted August 10, 2015 Report Posted August 10, 2015 The only thing surprising is that he actually admitted what we all knew in the debate. He said that may very well be. No one knows the Jube numbers. Based on some of the other numbers we've seen it could go either way. Economists don't seem all that impressed by it though. If this is a recessions, it's barely technical, shallow, and very short. Quote
blueblood Posted August 10, 2015 Report Posted August 10, 2015 (edited) He said that may very well be. No one knows the Jube numbers. Based on some of the other numbers we've seen it could go either way. Economists don't seem all that impressed by it though. If this is a recessions, it's barely technical, shallow, and very short.I figure barely technical recession. If they are getting around a half a percent under, thats a wash. But itll hurt come the polls though as it still is a recession. If q2 is positive, thatll be a big boost to the tories.But now it depends on how good the states are doing as china is where the usa is circa 2007 as where their economy is. Its gonna suck for a bit. Edited August 10, 2015 by blueblood Quote "Stop the Madness!!!" - Kevin O'Leary "Money is the ultimate scorecard of life!". - Kevin O'Leary Economic Left/Right: 4.00 Social Libertarian/Authoritarian: -0.77
On Guard for Thee Posted August 10, 2015 Report Posted August 10, 2015 He said that may very well be. No one knows the Jube numbers. Based on some of the other numbers we've seen it could go either way. Economists don't seem all that impressed by it though. If this is a recessions, it's barely technical, shallow, and very short. That's quite optimistic considering oil closed well under 50 bucks and is expected not to be going anywhere anytime soon. Quote
waldo Posted August 10, 2015 Report Posted August 10, 2015 (edited) a real recession is one that is broad - across several sectors when in fact Canada's challenges are almost exclusively in the resource sector - and chiefly oil and gas. Mr. Harper/Simple... no one believes you! per the latest released StatsCan numbers... the fifth consecutive monthly decrease in real gross domestic product. Mr. Harper/Simple is this just the resource sector? . Edited August 10, 2015 by waldo Quote
Keepitsimple Posted August 10, 2015 Author Report Posted August 10, 2015 The only thing surprising is that he actually admitted what we all knew in the debate. Another of your deep-thinking one-liners. Careful what you wish for......the economists are predicting good growth going forward as the low Canadian dollar has finally gained some traction on exports. GDP figures come out in September. If they end up being better than the doomsayers have been yapping on about (i.e. Mulcair, Trudeau, et al)......people can rightly question their faux-outrage once again and be inclined to better understand what "steady hands on the tiller" means. So go ahead - keep spouting off about a recession, failed plan, blah, blah. blah.....but it will likely come back to bite you in the backside. Quote Back to Basics
waldo Posted August 10, 2015 Report Posted August 10, 2015 So go ahead - keep spouting off about a recession, failed plan, blah, blah. blah.....but it will likely come back to bite you in the backside. "likely come back"???... Simple... likely? Oh my, that lacks a touch of certainty there! Quote
On Guard for Thee Posted August 10, 2015 Report Posted August 10, 2015 Another of your deep-thinking one-liners. Careful what you wish for......the economists are predicting good growth going forward as the low Canadian dollar has finally gained some traction on exports. GDP figures come out in September. If they end up being better than the doomsayers have been yapping on about (i.e. Mulcair, Trudeau, et al)......people can rightly question their faux-outrage once again and be inclined to better understand what "steady hands on the tiller" means. So go ahead - keep spouting off about a recession, failed plan, blah, blah. blah.....but it will likely come back to bite you in the backside. Actually it's the low dollar and the relatively strong US economy that caused exports to pick up. But I think you are putting a lot of weight on your "if" about the projected GDP numbers due Sept. Oil ain't likely getting out of the doldrums anytime soon. Quote
Keepitsimple Posted August 10, 2015 Author Report Posted August 10, 2015 Mr. Harper/Simple... no one believes you! per the latest released StatsCan numbers... the fifth consecutive monthly decrease in real gross domestic product. Mr. Harper/Simple is this just the resource sector? . Looks accurate - but a link always helps....... Quote Back to Basics
Keepitsimple Posted August 10, 2015 Author Report Posted August 10, 2015 "likely come back"???... Simple... likely? Oh my, that lacks a touch of certainty there! Nothing is certain nowadays - in elections or the economy.......even though you seem to be absolutely certain of everything that is emitted from the Waldo exhaust pipe. Good luck with that. Quote Back to Basics
waldo Posted August 10, 2015 Report Posted August 10, 2015 Looks accurate - but a link always helps....... if it, as you say, looks accurate, what basis do you (and Mr. Harper) have to claim a slide exclusively attached to the resource sector? Mr. Harper/Simple... no one believes you! (there's a StatsCan link in the graphic itself... but just to appease your attempted deflection: ) Quote
waldo Posted August 10, 2015 Report Posted August 10, 2015 Nothing is certain nowadays - in elections or the economy.......even though you seem to be absolutely certain of everything that is emitted from the Waldo exhaust pipe. Good luck with that. no need to get testy Simple! I simply pointed out the contradiction between your absolute certain bluster and your 'likely" caveat! Quote
Smallc Posted August 10, 2015 Report Posted August 10, 2015 That's quite optimistic considering oil closed well under 50 bucks and is expected not to be going anywhere anytime soon. The rest of the economy has begun to recover. 90% of the economy is not oil. Quote
On Guard for Thee Posted August 10, 2015 Report Posted August 10, 2015 The rest of the economy has begun to recover. 90% of the economy is not oil. Not according to stats Canada, but I appreciate your optimism. Quote
waldo Posted August 10, 2015 Report Posted August 10, 2015 The rest of the economy has begun to recover. cite request: Mr. Harper/Smallc... no one believes you! Quote
Smallc Posted August 10, 2015 Report Posted August 10, 2015 Not according to stats Canada, but I appreciate your optimism. The June numbers haven't come out yet. What we do have to go on is improving trade numbers, and slightly better job numbers than expected. Quote
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