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Posts: 33691
Posted: Tue Dec 08, 2015 12:43 pm
Wanna guess what is being prepared for you ?
Jesus H., there will be a run on Canada if they start with that crap.
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Posts: 65472
Posted: Tue Dec 08, 2015 12:44 pm
Silver & gold. 
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Posts: 33691
Posted: Tue Dec 08, 2015 1:14 pm
BartSimpson BartSimpson: Silver & gold.  Naaaah, that only works with the US economy, Canada is small fish. The article has a huge fail with respect to using Switzerland and the others. At the time, the Swiss were trying to devalue her currency, it was getting too strong compared to the Euro. The Canadian dollar has the exact opposite problem. If the Fed raises rates, and the BoC goes negative, the bottom will drop out of the loonie.
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Posts: 42160
Posted: Tue Dec 08, 2015 1:33 pm
$1: the bottom will drop out of the loonie.
Doan you meen el norte peso? 
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Posted: Tue Dec 08, 2015 11:50 pm
martin14 martin14: BartSimpson BartSimpson: Silver & gold.  Naaaah, that only works with the US economy, Canada is small fish. The article has a huge fail with respect to using Switzerland and the others. At the time, the Swiss were trying to devalue her currency, it was getting too strong compared to the Euro. The Canadian dollar has the exact opposite problem. If the Fed raises rates, and the BoC goes negative, the bottom will drop out of the loonie. It's already started even without the negative interest rates. Canadian dollar drops to lowest point since 2004http://www.cp24.com/news/canadian-dolla ... -1.2578881Jean Chretien like numbers. Hmmm, I wonder? I guess when it hits 61.98 cents again we'll have our answer. Oh and the usual refrain about a low dollar creating manufacturing jobs apparently isn't happening this time. Probably because there are no jobs left in Canada since we shipped all of them to China.  So in short. No manufacturing jobs, no resource based income, no spending restraint = Greece.
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Posted: Wed Dec 09, 2015 7:15 am
I wish we could go back 10 years in time and keep the Paul Martin Liberal government. I don't think he would have led us down the same road Harper and now Treadeau are leading us down.
Interest rates are low enough that if they were going to work, they would be. Sadly they aren't, and I don't think negative interest rates are going to help any better.
Perhaps we should turn interest rates around so that the people who have money saved and those who do the lending can actually make money off what they lend.
I get you can't jack the rates overnight, but a progression of .25 - .5 percent per year for 5 years wouldn't be catastrophic.
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andyt
CKA Uber
Posts: 33492
Posted: Wed Dec 09, 2015 8:27 am
Canadian_Mind Canadian_Mind: I wish we could go back 10 years in time and keep the Paul Martin Liberal government. I don't think he would have led us down the same road Harper and now Treadeau are leading us down.
Interest rates are low enough that if they were going to work, they would be. Sadly they aren't, and I don't think negative interest rates are going to help any better.
Perhaps we should turn interest rates around so that the people who have money saved and those who do the lending can actually make money off what they lend.
I get you can't jack the rates overnight, but a progression of .25 - .5 percent per year for 5 years wouldn't be catastrophic. During the Harper years we had the BoC and govt working at cross purposes. The BoC was trying to stimulate the economy with low rates (all the while nattering on about Canadian's debt loads) while the govt was cutting spending, reducing stimulus. That certainly didn't seem to work, business just kept banking the money they were saving on interest instead of investing. Since the bank is an independent entity, and can't be ordered what to do, and its mandate is to keep inflation at about 2% (ie it is trying to increase inflation right now) maybe it makes more sense for the govt to loosen the purse strings a bit and add some stimulus of its own. What's been done so far hasn't worked, time to try something else.
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Posted: Wed Dec 09, 2015 8:32 am
You think that with almost $200 billion in deficit spending over the past 7 years we would have seen more of an uptick.
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Posted: Wed Dec 09, 2015 1:55 pm
Canadian_Mind Canadian_Mind: You think that with almost $200 billion in deficit spending over the past 7 years we would have seen more of an uptick. It didn't work for Chretien, it didn't work for Harper so, why do people suppose it's going to work for Trudeau?
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Posts: 33691
Posted: Wed Dec 09, 2015 2:08 pm
Freakinoldguy Freakinoldguy: Canadian_Mind Canadian_Mind: You think that with almost $200 billion in deficit spending over the past 7 years we would have seen more of an uptick. It didn't work for Chretien, it didn't work for Harper so, why do people suppose it's going to work for Trudeau? Because people are idiots. Worldwide, governments have been blowing through trillions, almost no result, except a lot more debt piled on. Anyone's living standards gone up in the past few years ?
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Posted: Thu Dec 10, 2015 7:12 am
So what happened between 97 and 2006 that was so magical and allowed for 20 billion dollar surpluses?
Just throwing it out there - I'm for borrowing money to build infastructure at an accelerated pace where there is much more construction per year than the yearly average.. I'm not for borrowing money in order to maintain social welfare programs.
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Posts: 33691
Posted: Thu Dec 10, 2015 7:44 am
Canadian_Mind Canadian_Mind: So what happened between 97 and 2006 that was so magical and allowed for 20 billion dollar surpluses? The governing Liberals did dump a lot of debt onto the provinces, which appeared to make things better. The rest was a strong US economy, while Russia was spinning, Mexico hadn't taken millions of US jobs, and China wasn't making absolutely everything yet.
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OnTheIce 
CKA Uber
Posts: 10666
Posted: Thu Dec 10, 2015 7:47 am
Canadian_Mind Canadian_Mind: You think that with almost $200 billion in deficit spending over the past 7 years we would have seen more of an uptick. Because we cannot spend our way to long-term economic health. No longer are we a local, regional and National economy. We are a player in the Global economy and the sooner we realize that we cannot spend ourselves to long-term economic stability, the better off we will be.
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Posted: Thu Dec 10, 2015 8:29 am
Canadian_Mind Canadian_Mind: So what happened between 97 and 2006 that was so magical and allowed for 20 billion dollar surpluses?
Just throwing it out there - I'm for borrowing money to build infastructure at an accelerated pace where there is much more construction per year than the yearly average.. I'm not for borrowing money in order to maintain social welfare programs. Manufacturing jobs.
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