Oh, Shiny Prime Minister!

| 36 Comments

36 Comments

Deindustrializing the western nations. Mo Strong would be pleased.

Sorry Canada ... enjoy your decline. Your Jimmy Carter malaise. Your Barrack Obama new normal.
Keep those resources in the ground to appease the turtle god. The settlers paper with pictures is worthless compared to the wampum.

January and July used to be quieter months in the real estate business. Foreign buyers changed all that. Perhaps now we are reverting back to the old normal. The foreign buyers are not so busy in Vancouver and Toronto as much, they are now buying in Montreal, a place they didn't want to go to before. Now prices have shot up there too. You know the old supply and demand rule. They gotta spend their cash somewhere.

Frankly I'm surprised that they're here at all. You are correct when you say we are in decline, the foreign buyers don't know it yet maybe or maybe they just don't care. They have too much wampum. Mo Strong R.I.P.

Just wish we could take back our country like the U.S.A.or join them!

If you focus on growing the economy (which isn't happening) the budget will balance itself. Trudeau was never asked "and what if stimulus spending fails to grow the economy".

Growing debt and rising interest rates. We've been here before.

Wait till the carbon tax kicks in across the country

no matter how often Canadians are told that too much government is bad they just never seem to listen or learn. socialism has been a failure everywhere every time.

If at first you don't succeed, fail, fail again.

budgets do not balance themselves.
budgets do not balance themselves.
budgets do not balance themselves.

Capital is mobile Mr. Morneau and Mr. Trudeau and the U.S. tax and business environment is attracting capital and investment from Canada and all over the world. This can not be addressed through discussion of gender diversity, dressing up and touring around India and Florida and taking selfies.

Canada continues to be the place where wealth, innovation, freedom and liberty go to die.

2008 till 208, 10 years children, time for recession cycle to kick in, per normal happening. In next 2-4 years we are in for down turn, if we don't get rid of the Turd, it could be a doozer for Kanukistan.
As to housing, it was expected that Toronto and slopcouver would see a slow down, we expected that, and it is happening. Out here in the outlying regions, things are still going well on "average" home sales. The big $$$$$$ homes not so much.
As USA fed ramps up interest rates we will see and extended slow period in home sales. If Wynne gets turfed, we may see things in the housing industry pick up faster than if the cow stays in.

This tells me that a big part of our economy is based on selling real estate to foreigners. We have lots of land we are not using. But nobody wants 99.9 % of it because it is called tundra.

Selling the valuable parts of the country to foreigners is the very definition of "short term gain".

We might have to shift gears and starting selling something else to keep the economy going. Oil would be a good place to start.

Not to worry. The weed industry will be huge. Billions, I tell ya. Salvation in a smokey haze, in a few short months.

Trudeau and Morneau ... Mr. DressUp and Mr. MessUp.

Sorry to break it to you ... but you were LIED TO about the “public benefit” (read: tax revenue) of weed.

https://hightimes.com/news/california-city-lowers-sales-tax-recreational-cannabis/

Sorry ... weed smoking won’t “save” your economy

My edited response to a Grit troll on the article blog, claiming to know more about economics than in-business people:

Marginal GDP lower and going lower. Yes that's good news, every economist knows that.

We should have full employment with aging boomers but we have 5% unemployment and you're happy?

BTW those business people with their limited knowledge of economics know something no university course could ever teach - how to take action to run a business, and make money, to meet payrolls, to reinvest profits, maybe even raise a family.

I'd bet you underestimate their microeconomics knowledge.

Spin this, the Grits lied last election, falsely stating the federal budget was in deficit and we were in a recession. The CBC and rest of the collecttivist cabal carried on the fiction because they thought Trudeau was their useful idiot.

(They were right but for our wrong reasons) They got lots of dough and now everyone is supposed to be concerned these terrible media businesses are in decline. We are now reduced to the government deciding what summer camps our kids can go to, as party doctrine adherance is a requirement for Grit, I mean taxpayer supports for our children.

This should have been figured out last election, I hope the voters have it now. In the meantime spin away, you can start by explaining how leaving oil in the ground here then importing it for refinement from Saudi Arabia et al is "what Canadians want."

Not sure how much tax revenue there will be from the sale of cannabis. Those who partake of the weed will retain their regular suppliers at the cheaper price. Same as with tobacco products, smokers are buying tax free from the Indian reserves, the law never catches up with them, they are ignored.

At this point Trudeau and company have no clue how the legal sale of will be handled so passed it on to the provinces. How it will be detected in those driving cars is really not determined.
At this point I'd say we are going to be less safe on the roads, we still have idiots driving under the influence of alcohol

*
the ron popeil of canadian politics...

"but wait... it gets better..."

"The 'justice' will balance itself."

*

Bongo has no idea how the 'roll out' is going to go once weed is legalized. One thing is certain the black market will not relinquish it's market to a bunch of amatures from the government. As with anything the government does the benefit will be less than the cost. A new government weed department will be created with a staff of unionista civil servants.

When they realize how bad their business model is they will be in the schools teaching kids how to roll a splif and judge the quality of ganja. Maybe spark up J and pass it around social studies class explaining appropriate etiquette.

I just love the cherry picking. Canada had 3.0% GDP growth in 2017. Best in the g7 and better than the USA at 2.3%. Our unemployment rate dropped more than theirs and also hit a 40 year low.

One month of bad performance isn't good but it's also not a trend. We hope.

Inflation is the friend of all governments.

Mssrs. Morneau and Trudeau know very well that captal is mobile. They take care of their familly fortunes. They simply don't care; Canada is the Liberal loot supply; they realize they can say any stupid thing and the press and state run propaganda orga, CBC, will give them cover.

Progressivism's main tools of their interventionist trade: inflation and war, made easier in a cashless society.

"If the goal of the state is the complete monopolization of money under an infinitely flexible paper-money system, there is no better path for the state than the creation of a central bank. This is the greatest achievement for the victory of power over liberty."

The connection between war and inflation, then, dates long before the creation of the Federal Reserve. In fact, it dates to the founding itself. The fate of the Continental currency during and after the Revolutionary War, for example, was a very bad omen for our future, and the whole country paid a very serious price. It was this experience that later led to the gold clause in the US Constitution. Except for the Hamiltonians, that entire generation of political activists saw the unity of freedom and sound money, and regarded paper money as the fuel of tyranny."

https://mises.org/library/war-and-inflation

"Not sure how much tax revenue there will be from the sale of cannabis."

I have to say that I agree with you on this: As a completely disinterested observer, I've been watching the legal-marijuana train wreck since it first left the station in Ottawa, Engineer Justin at the controls.

They may be addlepated potheads but the penny will surely drop when they realize they've been bamboozled by the Federal and provincial governments on this issue. Then it'll be right back to illegal grow-ops.

Simple principle: if you make the legal cannabis market more complicated and expensive than the illegal one, folks will go back to using the latter.

Allan my good girl, yur stats are bullsh*t, in case you weren't aware. They'v been debunked a long time ago. Try keeping up, and read real news, not fake news

Allan, where the hell are you getting your numbers from?
Here's Canada's GDP for 2017: https://tradingeconomics.com/canada/gdp-growth
1% in the first quarter, 1.1% in the second quarter, 0.4% in the third, 0.4% in the fourth.
Here's USA's GDP for 2017: https://tradingeconomics.com/united-states/gdp-growth
1.2% in the first, 3.1% in the second, 3.2% in the third, and 2.9% in the fourth.
The US destroyed Canada. Canada was barely ahead of Germany, France, and UK in terms of growth, limping along. And the ONLY reason Canada experienced any growth at all is because of the surging US market. Once the federal carbon tax kicks in, expect our economy to shrink.

I've always found it to be amusing that there are those that believe the Liberal Party involvement in the weed trade, also known as "legalization", would be an economic boon for the country ("Government")...Has there ever been a funnier tale as told by a mentally addled bong smoking idiot impressing other idiots? To think the Hells Angels and the Mexican drug cartels are going to be put out of the drug business by the Libranos is laughable.

You're mixing up real GDP growth and nominal GDP growth.


"Real GDP rose 3.0% in 2017, following 1.4% growth in 2016. Much of this growth was attributable to the first two quarters of 2017, with deceleration observed toward the end of the year. Final domestic demand advanced 3.0% with steady growth throughout the year."

Half way down

http://www.statcan.gc.ca/daily-quotidien/180302/dq180302a-eng.htm

https://qz.com/1220265/canada-was-the-strongest-g7-economy-in-2017/

Actually your link uses some weird non annualized GDP growth. Also in your link spelling mistakes and all:


"Considerinng full 2017, the economy advanced 3 percent, following a 1.4 percent growth in 2016. Much of this growth was attributable to the first two quarters of 2017, with deceleration observed toward the end of the year."

So yes the Canadian economy grew 3% in 2017 best in the g7 and better than the USA at 2.3%. Not a single one of you can deny it!

Also your link does use annualized numbers for the USA and raw growth for Canada. That's hilariously wrong. The fact that you quoted this bizarre website is even more hilarious! Here's the correct annualized numbers for Canada

2017 1q 4%
2017 2q 4.3%
2017 3q 1.5%
2017 4q 1.7%

does this point out the need for politishun to, like,
*know what they're doing*?

No response as expected. I accept your surrender.

Bizarre website? It's the first hit on a Google search for Canada GDP Growth. They cite the source of their data as Statistics Canada and U.S. Bureau of Economic Analysis. The page you linked to at Stats Can says this:

Real gross domestic product (GDP) grew 0.4% in the fourth quarter, the same rate as the previous quarter. Final domestic demand rose 1.0%.
...
...
Expressed at an annualized rate, real GDP rose 1.7% in the fourth quarter. In comparison, real GDP in the United States grew 2.5%.

The page I linked to says:

The Canadian economy advanced 0.4 percent on quarter in the last three months of 2017, the same as in the previous period, boosted by higher business investment and residential structures. Expressed at an annualized rate, the GDP expanded 1.7 percent, higher than 1.5 percent in Q3 but below expectations of a 2 percent growth.

So my source seems to use the exact same words as the StatsCan source you're using, and it also states the US outpaced Canada 4th quarter ON YOUR LINK.

You are welcome.
There is no cure for your condition.
"No response as expected. I accept your surrender."
Did you even read the link you offered us?
Or is your reading comprehension at Ministerial level?

Yes the USA outperformed in the 4th quarter but my argument is for 2017 as a whole. You claimed that's not true yet it is. You used annualized numbers for the USA and actual numbers for Canada.

The annualized rates for the first two quarters is 4% and above.

Canada was tops in the g7 for 2017. Case closed!

My reading level is obviously above most here when it takes me mere seconds to completely blow up someone's false point.

Maybe try peeling back the layers and going in depth instead of quoting the first hit on Google?

Leave a comment

Archives

March 2018

Sun Mon Tue Wed Thu Fri Sat
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Recent Comments

  • Allan s: My reading level is obviously above most here when it read more
  • Allan s: Yes the USA outperformed in the 4th quarter but my read more
  • John Robertson: You are welcome. There is no cure for your condition. read more
  • pete: Bizarre website? It's the first hit on a Google search read more
  • Allan s: No response as expected. I accept your surrender. read more
  • historybuff: does this point out the need for politishun to, like, read more
  • Allan s: Also your link does use annualized numbers for the USA read more
  • Allan s: Actually your link uses some weird non annualized GDP growth. read more
  • Allan s: You're mixing up real GDP growth and nominal GDP growth. read more
  • Sean M: I've always found it to be amusing that there are read more