Well Kate, you can see that Eurocrash view right outside your window this morning, right? How does it look?
View from here in Arizona is… Hopeful! Housing prices have rebounded about 20% from the bottom in 2010, and the malls are no longer empty on Saturday. That’s an improvement just since November when I was down here last. Per-Christmas shopping wasn’t getting the crowds out. Empty parking lots. Now, full parking lots.
Lots of Saskatchewan license plates this year too. 🙂
Congrats on best in show, btw. Victory is good.
Requiem for the Euro GDP, died a noble death after being whacked upside the head by flying wind turbine blades and suffering massive blood loss from flying shards of broken solar panels.
Coroner’s Report listed the cause of death as “Self Inflicted Wounds”
Next up, Obamanomics induced morbidity and its impacts on the US economy.
If you can’t blame Bush, or racism; I guess there is nothing anyone can do… “unless you want to work 40 hours a week”.(Jim Carrey Dumb & Dumber)
I’m sure it is Grant Devine’s fault.
Isn’t socialism just wonderful. The collectivists will never learn until it collapses like the Soviet Union.
“Isn’t socialism just wonderful. The collectivists will never learn until it collapses like the Soviet Union.”
Sorry Ken(kulak). Have to disagree. From what I’ve seen and experienced, the only way they learn is when they are dead. Even a nation’s collapse doesn’t bother them.
Unfunded government liabilities, specifically pensions, are not even factored into the debt reality. Most USA pension plans factor 8.5% returns and almost none talk a more realistic return of 4% over the next 10 years.
Take no comfort at pointing fingers at Euroland as they are simply giving us a preview of coming attractions in America and Canada. I am very disillusioned that PMSH and the CPC have not taken the responsibility of educating Canadians to their future economic prospects.
I have a theory that the common assumption that the stock market isa leading indicator of future economic growth can sometimes – and has been in the past – a mirage. Much buzz has surrounded the rise in the us markets in 2012. I think that rather thanforetelling growth it is foretelling inflation – that a drastic devaluation of us currency is in the offing. That jives with the huge bump in US money supply AND the much slower rise in the CDN market where the MS hasn’t been pumped nearly as much.
Your exactly correct Gord, the slack jawed media twits are overly horny about the 14,000 point Dow and you “just gotta get in now”, as the Fed in St.Louis last week had an order for 30 trillion more to be printed. This is truly a mirage, and as the Weimar Republic man said when asked “How did you go broke”, he replied “first slowly and then really fast”. The adolescent in charge of free phones, free gas, free Beyoncie concerts and 330 million boiling frogs is soon to find out that a perpetual shuck and jive show doesn’t pay the creditors. When little small time investors like “Eric Sprott” are worried, well that is no reason for a great Kenyan community organizer to change course on the confettii money blasters showering the entitled with entitlements, remember the great David Dingbats infamous lieberal quote, well that is now shared by 52% of America.
Though this is a little off topic, I’ll bring it up. One of the many things we can “thank” Pierre Trudeau for is a bloated bureaucracy in Ottawa. Before him, the bureaucracy largely took its practice from thrifty Scots and Anglos who didn’t much like government, and a few French Canadians, who also tended to be thrifty.
Trudeau and his boys changed all that. He grossly expanded the numbers of government workers at all levels; the resultant confusion then necessitated the hiring of still more. Just as one exampple, Sen. Lamontaigne set up a Royal Commission on research funding, which duly noted that Canadian administrative expenses per research dollar (this mostly through NRCC) were only about 25% of those in other Western countries – France and the Netherlands in particular. Obviously, something was wrong! And so the Natural Sciences and Engineering Research Council, NSERC, was born, and there have been no subsequent complaints of parsimony in Canadian research. Yes, the Trudeau government set up an agency specifically to waste money.
Japan’s in its 3rd quarter of recession. They are revving the presses. America is probably back in recession. Remember that ‘recovery’? The 2009-2012 period WAS the recovery and ‘boom’ years. That was it. Those were the good times. Now we’re going back into wringer.
“Yes, the Trudeau government set up an agency specifically to waste money.”
No, that’s not what NSERC was about. In the 1960s and previous, there was a host of funding agencies providing research grants for individual scientists. NSERC was created specifically to get all of these under one roof and eliminate the redundant and often conflicting goals of all the other organizations such as National Research Council, Defense Research Board, etc.
It did NOT involve new money; it was a reallocation of existing funds from these other organizations.
For those concerned they can’t be certain of what they’re eating, consider our experience in the army when, while on exercises in Europe and being served American C-rations, we received olive green cans with black stenciling on them which read, “Chicken or Turkey”! Imagine how that inspired the troops — not quite sure what we’ve put in this can but we’ve managed to stuff some sort of dead bird into it! Bon apetit.
Markets are skyrocketing becasue of the fake money being created by Washington. Otherwise known as economic stimulus. What is the GDP growth rate in real terms? Inflation is the ultimate result.
LAS: 3 quarters of recession? Japanese have been in a 20 year swoon. Their debt situation is worse than Most of Euroland and the USA. They are currently printing money in an effort to devalue their currency and thusly make their exports more affordable.
End of Days!
I was down in Florida not more than three weeks ago, and it’s still really bad. It’s busier, but not anywhere to near it was back in early 2000 or even before that. It’s still in 2008 mode.
“Take a meat cleaver to government regulation. End subsidies. Slash taxes. End government jobs and put them to work in the risky private sector. Privatize, privatize, privatize. End centrally planned panels and market manipulators and let the free market reign over capital allocation and who wins, and who loses.”
I REALLY like these statements from Mr. Carter’s article. But rather than wait for Europe, how about we start here in Ontario. There’ll be an election this spring, and as long as Mr. Hudak sticks to these types of issues and policies, he’ll win handily — don’t get side tracked: it’s definitely the economy, silly. Of course, we’ll need some ameliatory language to convince “moderates” that we’re not “scary” conservatives with a “hidden agenda”.
I’d wager that Ms. Wynne’s, er, “education” policies are not going to be persuasive at all — considering that the Teachers’ Pension Fund has just announced de-indexation (with current retirees grandfathered, as I understand it — pardon the pun). Hudak’s plan to privatize commercial (and near-commercial enterprises — he needs to think way more broadly) with a ROFR to the pension funds (which ties in ct’s point), is just the sort of ameliatory language required.
Well Kate, you can see that Eurocrash view right outside your window this morning, right? How does it look?
View from here in Arizona is… Hopeful! Housing prices have rebounded about 20% from the bottom in 2010, and the malls are no longer empty on Saturday. That’s an improvement just since November when I was down here last. Per-Christmas shopping wasn’t getting the crowds out. Empty parking lots. Now, full parking lots.
Lots of Saskatchewan license plates this year too. 🙂
Congrats on best in show, btw. Victory is good.
Requiem for the Euro GDP, died a noble death after being whacked upside the head by flying wind turbine blades and suffering massive blood loss from flying shards of broken solar panels.
Coroner’s Report listed the cause of death as “Self Inflicted Wounds”
Next up, Obamanomics induced morbidity and its impacts on the US economy.
If you can’t blame Bush, or racism; I guess there is nothing anyone can do… “unless you want to work 40 hours a week”.(Jim Carrey Dumb & Dumber)
I’m sure it is Grant Devine’s fault.
Isn’t socialism just wonderful. The collectivists will never learn until it collapses like the Soviet Union.
“Isn’t socialism just wonderful. The collectivists will never learn until it collapses like the Soviet Union.”
Sorry Ken(kulak). Have to disagree. From what I’ve seen and experienced, the only way they learn is when they are dead. Even a nation’s collapse doesn’t bother them.
Unfunded government liabilities, specifically pensions, are not even factored into the debt reality. Most USA pension plans factor 8.5% returns and almost none talk a more realistic return of 4% over the next 10 years.
Take no comfort at pointing fingers at Euroland as they are simply giving us a preview of coming attractions in America and Canada. I am very disillusioned that PMSH and the CPC have not taken the responsibility of educating Canadians to their future economic prospects.
I have a theory that the common assumption that the stock market isa leading indicator of future economic growth can sometimes – and has been in the past – a mirage. Much buzz has surrounded the rise in the us markets in 2012. I think that rather thanforetelling growth it is foretelling inflation – that a drastic devaluation of us currency is in the offing. That jives with the huge bump in US money supply AND the much slower rise in the CDN market where the MS hasn’t been pumped nearly as much.
Your exactly correct Gord, the slack jawed media twits are overly horny about the 14,000 point Dow and you “just gotta get in now”, as the Fed in St.Louis last week had an order for 30 trillion more to be printed. This is truly a mirage, and as the Weimar Republic man said when asked “How did you go broke”, he replied “first slowly and then really fast”. The adolescent in charge of free phones, free gas, free Beyoncie concerts and 330 million boiling frogs is soon to find out that a perpetual shuck and jive show doesn’t pay the creditors. When little small time investors like “Eric Sprott” are worried, well that is no reason for a great Kenyan community organizer to change course on the confettii money blasters showering the entitled with entitlements, remember the great David Dingbats infamous lieberal quote, well that is now shared by 52% of America.
Though this is a little off topic, I’ll bring it up. One of the many things we can “thank” Pierre Trudeau for is a bloated bureaucracy in Ottawa. Before him, the bureaucracy largely took its practice from thrifty Scots and Anglos who didn’t much like government, and a few French Canadians, who also tended to be thrifty.
Trudeau and his boys changed all that. He grossly expanded the numbers of government workers at all levels; the resultant confusion then necessitated the hiring of still more. Just as one exampple, Sen. Lamontaigne set up a Royal Commission on research funding, which duly noted that Canadian administrative expenses per research dollar (this mostly through NRCC) were only about 25% of those in other Western countries – France and the Netherlands in particular. Obviously, something was wrong! And so the Natural Sciences and Engineering Research Council, NSERC, was born, and there have been no subsequent complaints of parsimony in Canadian research. Yes, the Trudeau government set up an agency specifically to waste money.
Japan’s in its 3rd quarter of recession. They are revving the presses. America is probably back in recession. Remember that ‘recovery’? The 2009-2012 period WAS the recovery and ‘boom’ years. That was it. Those were the good times. Now we’re going back into wringer.
“Yes, the Trudeau government set up an agency specifically to waste money.”
No, that’s not what NSERC was about. In the 1960s and previous, there was a host of funding agencies providing research grants for individual scientists. NSERC was created specifically to get all of these under one roof and eliminate the redundant and often conflicting goals of all the other organizations such as National Research Council, Defense Research Board, etc.
It did NOT involve new money; it was a reallocation of existing funds from these other organizations.
For those concerned they can’t be certain of what they’re eating, consider our experience in the army when, while on exercises in Europe and being served American C-rations, we received olive green cans with black stenciling on them which read, “Chicken or Turkey”! Imagine how that inspired the troops — not quite sure what we’ve put in this can but we’ve managed to stuff some sort of dead bird into it! Bon apetit.
Markets are skyrocketing becasue of the fake money being created by Washington. Otherwise known as economic stimulus. What is the GDP growth rate in real terms? Inflation is the ultimate result.
LAS: 3 quarters of recession? Japanese have been in a 20 year swoon. Their debt situation is worse than Most of Euroland and the USA. They are currently printing money in an effort to devalue their currency and thusly make their exports more affordable.
End of Days!
I was down in Florida not more than three weeks ago, and it’s still really bad. It’s busier, but not anywhere to near it was back in early 2000 or even before that. It’s still in 2008 mode.
“Take a meat cleaver to government regulation. End subsidies. Slash taxes. End government jobs and put them to work in the risky private sector. Privatize, privatize, privatize. End centrally planned panels and market manipulators and let the free market reign over capital allocation and who wins, and who loses.”
I REALLY like these statements from Mr. Carter’s article. But rather than wait for Europe, how about we start here in Ontario. There’ll be an election this spring, and as long as Mr. Hudak sticks to these types of issues and policies, he’ll win handily — don’t get side tracked: it’s definitely the economy, silly. Of course, we’ll need some ameliatory language to convince “moderates” that we’re not “scary” conservatives with a “hidden agenda”.
I’d wager that Ms. Wynne’s, er, “education” policies are not going to be persuasive at all — considering that the Teachers’ Pension Fund has just announced de-indexation (with current retirees grandfathered, as I understand it — pardon the pun). Hudak’s plan to privatize commercial (and near-commercial enterprises — he needs to think way more broadly) with a ROFR to the pension funds (which ties in ct’s point), is just the sort of ameliatory language required.