|
A good port-mortem on what went wrong: http://business.financialpost.com/2015/01/28/terence-corcoran-the-canadian-economy-nobody-saw-coming/ Basically everyone from the Bank of Canada or government officials refused to even acknowledge the possibility of a oil price crash during the feast years. They are also laughed off dutch disease syndrome as crying wolf. 
|
#
?
Jan 31, 2015 21:16
|
|
|
|
| # ? May 11, 2024 06:28 |
|
|
Helsing posted:Do you consider printing money to inflate stock market prices to be a "blank check"? Cause that seems to be what QE has amounted to in practice.  In our case though we just goosed bank profits, and hoped that the resultant consumer spending would help. ( Ha we just used the extra money to buy houses.)
|
|
#
?
Jan 31, 2015 21:45
|
|
|
etalian posted:Things like QE also basically are fairly ineffective IMO since they basically make corporations, drove stocks higher and in general just make rich assholes even richer, while not improving the lot of everyone else. I feel like QE would be more effective if it were combined with aggressive fiscal stimulus. What's the point of driving down bond yields if the government is pursuing austerity?
|
|
#
?
Jan 31, 2015 22:19
|
|
|
ocrumsprug posted:
Heh, jokes. I get jokes.  Whiskey Sours posted:I feel like QE would be more effective if it were combined with aggressive fiscal stimulus. What's the point of driving down bond yields if the government is pursuing austerity? You get lovely economic conditions that hurt worker's bargaining power but stock prices hit record highs. What's not to love?
|
|
#
?
Jan 31, 2015 22:35
|
|
|
Canada can't use QE because the US has a special situation where institutional funds will are near-obligated to buy US treasuries even if the US is buying its own notes. If Canada were to do the same demand would drop and yields would increase, because unlike the US, there are no giant funds that keep buying Canadian bonds, and confidence in Canada being able to repay its debt is not as good.
|
|
#
?
Jan 31, 2015 22:39
|
|
|
QE in Canada just needs to be more targeted, I.e print money and use it to buy condos.
|
|
#
?
Feb 1, 2015 00:54
|
|
|
Jumpingmanjim posted:QE in Canada just needs to be more targeted, I.e print money and use it to buy condos. Use ambitious public works project, e.g A new death camp system to house bankers, real estate agents and condo ad agencies. etalian fucked around with this message at 01:17 on Feb 1, 2015 |
|
#
?
Feb 1, 2015 01:03
|
|
|
etalian posted:Use ambitious public works project, e.g cryingkeynes.gif
|
|
#
?
Feb 1, 2015 01:11
|
|
|
Do what they did in the 30s and ship the youth to the north to dig army bases and air strips.
|
|
#
?
Feb 1, 2015 02:23
|
|
|
Dreylad posted:Do what they did in the 30s and ship the youth to the north to dig army bases and air strips. Harper just got the biggest boner just now.
|
|
#
?
Feb 1, 2015 02:36
|
|
|
FrozenVent posted:Harper just got the biggest boner just now. ART DECO POST OFFICES AS FAR AS THE EYE CAN SEE!
|
|
#
?
Feb 1, 2015 02:39
|
|
|
Bubbles don't have a dramatic overnight crash, in the case of US real estate it took 3 years to drop from 2006 peak value down to 2009 trough: Should be a very interesting summer in Canada, especially in provinces which were overexposed to the oil commodity bubble. Also fearless leader doesn't see rough seas ahead: “THE oil industry isn’t remotely the entire Canadian economy,” declared the prime minister, Stephen Harper Laugh up bear-failures, 3 percent of all total exports means the oil price crash will not affect the canadian economy
|
|
#
?
Feb 1, 2015 02:42
|
|
|
Dreylad posted:ART DECO POST OFFICES AS FAR AS THE EYE CAN SEE! Unironically this. Burn all James Cheng and Arthur Erickson to the ground
|
|
#
?
Feb 1, 2015 03:14
|
|
|
In a tragic death Cheng will be killed by a poorly installed falling condo window.
|
|
#
?
Feb 1, 2015 03:21
|
|
|
    It's a spirit about public space. I think Vancouverites are very, very proud that we built a city that really has a tremendous amount of space on the waterfront for people to recreate and to enjoy. At the same time, False Creek and Coal Harbour were previously industrial lands that were very polluted and desecrated. We've refreshed all of this with new development, and people have access to the water and the views. So, to me, it's this idea of having a lot people living very close together, mixing the uses. So, we have apartments on top of stores. In Surrey we have a university on top of a shopping centre. This mixing of uses reflects Vancouver in terms of our culture and how we live together
|
|
#
?
Feb 1, 2015 09:33
|
|
|
Segue posted:Another rate cut just seems silly to me. Interest rates have been at historic lows for years. It's not like everyone's been putting off doing things because 1.00% or 0.75% are ridiculous rates. 1) signalling - just the act of lowering rates can cause changes in economic outcomes 2) magnitude - cutting the o/n rate from 1% to 0.75% means bank's interest costs are reduced by 25% in the overnight market! I'd say that's a massive incentive for them to expand their balance sheets Are probably the two most significant reasons. THC posted:Years ago I was invited to a "job interview" with Direct Energy which was more like 10 people in a room with 50 chairs facing the front of a conference room, in a largely empty office that looked like it had very recently been moved into (I noticed the "receptionist's" phone wasn't plugged in). So what happened?
|
|
#
?
Feb 1, 2015 12:49
|
|
|
THC posted:(I noticed the "receptionist's" phone wasn't plugged in). Let's just say they were a few prawns short of a galaxy 
|
|
#
?
Feb 1, 2015 15:32
|
|
|
Baronjutter, do you architecture fetishists ever give any consideration to how lovely your favourite buildings are? For all the loving platitudes paid to frank Lloyd Wright by people spending too much time reading wallpaper , most of his famous houses were miserable shitholes to live in. Have you seen what a terrible mess Norman loving Foster's apt building is? Christ stop giving these adsholes do much positive enforcement for their retarded ideas
|
|
#
?
Feb 1, 2015 15:39
|
|
|
Cultural Imperial posted:Christ stop giving these adsholes do much positive enforcement for their retarded ideas Yeah, retarded ideas like Gothic Revival? Oh, poo poo, wait, I mean retarded ideas like Victorian Neoclassicism. gently caress. Ummm... Retarded ideas like Art Deco? Bauhaus? Modernism? Oh! Oh! Brutalism! Brutalism! Yeah, let's poo poo on Brutalism! Everyone can relate to that! Brutalism and Frank Gehry*. Let's poo poo on them. Every architectural movement has been the focus of intense criticism and hatred since for-loving-ever. Almost always by people who don't know what they're talking about and have no sense of historical perspective. Buildings can usually be criticized for good reasons, but more often than not these are excuses to vent because the target building offends some preconceived idea about what a building should or should not be. The ideas in lovely buildings designed by starchitects generally diffuse into the general architectural atmosphere and are reworked by the talented into actually functional buildings. Sometimes the lovely buildings themselves are reworked and end up both artistically significant AND functional. The world has not and will never stop revolving because someone doesn't like the SFU campus. *but really, gently caress Frank Gehry. He hasn't done anything significant since the Guggenheim.
|
|
#
?
Feb 1, 2015 17:10
|
|
|
ductonius posted:
Every time a privileged White Person picks up a Monocle and reads ~*architecture*~ jesus suffocates a kitten. The quoted statement above is precisely why all you loving craft beer marxists need to be purged. Putting poor people in shipping containers however elegant, isn't a solution to housing the homeless because the structure isn't fit for purpose. Just because you think a structure is ~*important*~ because of the way it looks is a piss poor reason for wasting money on fuckwith like Cheng, Safdie (habitat 67 is loving *retarded* and was unlivable for decades) and Erickson because they design buildings which aren't fit for purpose. I don't know what loving fantasy land you live in where it's economically viable to let these mongs design huge piles of poo poo and then ~rework them into functional structures but the point here, and please read this slow, is that it requires tons of money which is a loving waste of resources. (USER WAS PUT ON PROBATION FOR THIS POST)
|
|
#
?
Feb 1, 2015 17:50
|
|
|
Cultural Imperial posted:Baronjutter, do you architecture fetishists ever give any consideration to how lovely your favourite buildings are? For all the loving platitudes paid to frank Lloyd Wright by people spending too much time reading wallpaper , most of his famous houses were miserable shitholes to live in. Have you seen what a terrible mess Norman loving Foster's apt building is? Pretty sure he was quoting ironically. Also lol at crediting James Cheng with keeping the False Creek waterfront public. They were going to turn it into little private fenced-in patios for the Yaletown elite before the city council stepped in.
|
|
#
?
Feb 1, 2015 17:55
|
|
|
Cultural Imperial posted:Every time a privileged White Person picks up a Monocle and reads ~*architecture*~ jesus suffocates a kitten. The quoted statement above is precisely why all you loving craft beer marxists need to be purged. Putting poor people in shipping containers however elegant, isn't a solution to housing the homeless because the structure isn't fit for purpose. Just because you think a structure is ~*important*~ because of the way it looks is a piss poor reason for wasting money on fuckwith like Cheng, Safdie (habitat 67 is loving *retarded* and was unlivable for decades) and Erickson because they design buildings which aren't fit for purpose. I don't know what loving fantasy land you live in where it's economically viable to let these mongs design huge piles of poo poo and then ~rework them into functional structures but the point here, and please read this slow, is that it requires tons of money which is a loving waste of resources. I agree with CI on something. Apocalypse incoming?
|
|
#
?
Feb 1, 2015 17:55
|
|
|
ductonius posted:Yeah, retarded ideas like Gothic Revival? Oh, poo poo, wait, I mean retarded ideas like Victorian Neoclassicism. gently caress. Ummm... Retarded ideas like Art Deco? Bauhaus? Modernism? Oh! Oh! Brutalism! Brutalism! Yeah, let's poo poo on Brutalism! Everyone can relate to that! Brutalism and Frank Gehry*. Let's poo poo on them. On the other hand, architecture usually needs to remain standing for quite a period of time before it can get that kind of status. I doubt that will happen in this case. Also, if a building has to be reworked to make it functional, it was a pretty lovely design and I have no loving clue where you were going with that. "Hey guys these buildings he makes are poo poo now, but wait 30 years until someone with actual skill and vision buys them up and redesigns them to be worth living and working in! Youd be kicking yourself if you left before then! "
|
|
#
?
Feb 1, 2015 17:58
|
|
|
I want to cover all the brickwork with marble, just like Rome.
|
|
#
?
Feb 1, 2015 17:59
|
|
|
Ceciltron posted:I want to cover all the brickwork with marble, just like Rome. They didn't have the best aesthetic sense either.  (yes I know it's Greece so sue me)
|
|
#
?
Feb 1, 2015 18:05
|
|
|
Furnaceface posted:On the other hand, architecture usually needs to remain standing for quite a period of time before it can get that kind of status. I doubt that will happen in this case. I imagine brutalist structures will last a long time, but jesus christ they're terrible structures for libaries and somehow most universities have one brutalist library that's full of books that would go mouldy, will go mouldy, or have a substantial amount of money invested in climate control.
|
|
#
?
Feb 1, 2015 18:09
|
|
|
I'm just baffled that some gave the answer Maple Leaf Foods to the question of whether Canada had any prestigious companies. Ford Escape is made in Kansas I believe. The Ford Edge and Flex are made in Oakville. (or were as of three years ago)
|
|
#
?
Feb 1, 2015 18:24
|
|
|
Even small cap canadian stocks show signs of dutch disease with over concentration in energy, financials and materials: Why do something risky like a medical or high tech company, when you can just focus on getting some sweet oil money?
|
|
#
?
Feb 1, 2015 18:48
|
|
|
So this HELOC commercial came on to my TV this morning which I thought summed up the national situation well: https://www.youtube.com/watch?v=N-tksG0Eug4 Sorry for the potato cam as it seems that the company doesn't update their YouTube channel anymore.
|
|
#
?
Feb 1, 2015 18:51
|
|
|
Cultural Imperial posted:Every time a privileged White Person picks up a Monocle and reads ~*architecture*~ jesus suffocates a kitten. The quoted statement above is precisely why all you loving craft beer marxists need to be purged. I've got dimples on my nose from glasses too. Bonus points: Which craft brew do I drink, and do I shop at Choices or Whole Foods? Cultural Imperial posted:Putting poor people in shipping containers however elegant, isn't a solution to housing the homeless because the structure isn't fit for purpose. Just because you think a structure is ~*important*~ because of the way it looks is a piss poor reason for wasting money on fuckwith like Cheng, Safdie (habitat 67 is loving *retarded* and was unlivable for decades) and Erickson because they design buildings which aren't fit for purpose. I don't know what loving fantasy land you live in where it's economically viable to let these mongs design huge piles of poo poo and then ~rework them into functional structures but the point here, and please read this slow, is that it requires tons of money which is a loving waste of resources. If you want functional structures you're pissing into the wind because ideas of and degrees of functionality change over time. So, if the original builders were ok with having a less functional building that is considered artwork (whatever the gently caress that means) then it serves its purpose. If, over time there is a desire for more or different functionality then the building will be changed or modified to suit that. This happens all the time and is not restricted to new buildings or buildings designed by starchitects. Lack of funds for any civic function are mostly due to the effects of wealth and income inequality, rather than a societal lack of resources or productivity. Also, making GBS threads on FLW is probably one of the most retarded things you've ever written. Furnaceface posted:Also, if a building has to be reworked to make it functional, it was a pretty lovely design and I have no loving clue where you were going with that. Yeah, the British Museum was a lovely design. The original designers forgot to add a roof on the atrium. What were they thinking? They had to add one later because surprise, surprise, London has weather and nobody wants to walk outside to get to the reading room.
|
|
#
?
Feb 1, 2015 19:36
|
|
|
quote:degrees of functionality Buildings designed not to leak. I guess that's too bourgeois for you pseudo intellectual shitheads E: lol that you even have to debate the meaning of function namaste friends fucked around with this message at 19:57 on Feb 1, 2015 |
|
#
?
Feb 1, 2015 19:47
|
|
|
Cultural Imperial posted:Buildings designed not to leak. Not leaking is something most new buildings do, whether the design be conservative or unconventional. Pissing and moaning about ~*a building*~ cherry-picked to rage over is a favorite past-time of misanthropes who have no loving idea what they're talking about.  - They should have just built it the way *I* approve of. MY TAX DOLLARS!Fake edit: What! You mean a building could have more than one function? And certain functions are at different times given priority over others? Curse the gods that shaped this mortal life! Fake edit 2: In light of this debate, should we or should we not still burn Vancouver to the ground?
|
|
#
?
Feb 1, 2015 20:07
|
|
|
I feel for the woman in this thing, but this is like an epic made in Toronto clusterfuck with a 3 way lawsuit still dragging on 4 years after the fact. Basically, shady builder is shady. http://www.nationalpost.com/m/wp/bl...-will-ever-hear
|
|
#
?
Feb 1, 2015 21:13
|
|
|
ascendance posted:I feel for the woman in this thing, but this is like an epic made in Toronto clusterfuck with a 3 way lawsuit still dragging on 4 years after the fact. Home ownership is the best investment
|
|
#
?
Feb 1, 2015 21:24
|
|
|
etalian posted:Home ownership is the best investment
|
|
#
?
Feb 1, 2015 22:14
|
|
|
ascendance posted:If she gets the $2.8 million she asked for in the lawsuit, it would be a great investment. They offered $340,000, a smidge above asking. “And we got it, and we were thrilled, I mean absolutely thrilled,” says Allison. “It really was one of the happiest moments of our marriage.”
|
|
#
?
Feb 1, 2015 22:23
|
|
|
etalian posted:They offered $340,000, a smidge above asking. “And we got it, and we were thrilled, I mean absolutely thrilled,” says Allison. “It really was one of the happiest moments of our marriage.” Well, no doubt they were actually too stupid to figure out how to gently caress, if that's the case.
|
|
#
?
Feb 1, 2015 22:39
|
|
|
PT6A posted:Well, no doubt they were actually too stupid to figure out how to gently caress, if that's the case. in all fairness the whole thing was caused by a dishonest contractor next door. Still I don't get why people are in a rush buy a house after getting married or using the whole kids thing to justify the whole risky purchase. etalian fucked around with this message at 23:15 on Feb 1, 2015 |
|
#
?
Feb 1, 2015 22:58
|
|
|
computer parts posted:They didn't have the best aesthetic sense either. I want those pajamas
|
|
#
?
Feb 1, 2015 23:27
|
|
|
|
| # ? May 11, 2024 06:28 |
|
|
ascendance posted:I feel for the woman in this thing, but this is like an epic made in Toronto clusterfuck with a 3 way lawsuit still dragging on 4 years after the fact. Christ, what a mess. There's pretty much nothing they could have done to prevent it, either. Wonder how they figure 2.8 mills in damage, if they only lost 35k on the house.
|
|
#
?
Feb 1, 2015 23:34
|
|