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Time to take advantage of my Florida-born father.
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# ? Dec 8, 2015 16:49 |
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# ? May 26, 2024 03:29 |
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cowofwar posted:Thankfully my Canadian equity exposure is only 15%. 5% Though lots of folks around here are 0%. Some have probably even shorted Canada, you lucky bastards. Rick Rickshaw fucked around with this message at 16:53 on Dec 8, 2015 |
# ? Dec 8, 2015 16:51 |
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Playstation 4 posted:Time to take advantage of my Florida-born father. If only your father was the only human in Florida.
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# ? Dec 8, 2015 17:02 |
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Since there's no robot around to attack me I can repost this: https://www.ishares.com/us/products/239615/ishares-msci-canada-etf Something is wrong in the economy when the most valuable canadian companies by market cap are in FIRE, energy and materials. Newer industries such as healthcare and technology only make a tiny percentage up of the total canadian market cap.
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# ? Dec 8, 2015 17:08 |
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jm20 posted:And you likely live in Canada and get paid in CAD. Equity exposure isn't the entire picture, we're all screwed.
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# ? Dec 8, 2015 17:23 |
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etalian posted:Since there's no robot around to attack me I can repost this:
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# ? Dec 8, 2015 17:25 |
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Bip Roberts posted:If only your father was the only human in Florida. Would he own the state if that happened, I think I'd rather just die than own Florida.
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# ? Dec 8, 2015 17:28 |
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Playstation 4 posted:Would he own the state if that happened, I think I'd rather just die than own Florida. If I owned hell and Florida, I'd rent Florida and live in hell.
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# ? Dec 8, 2015 17:30 |
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PT6A posted:If I owned hell and Florida, I'd rent Florida and live in hell. Isn't this already true? you live in Calgary
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# ? Dec 8, 2015 17:30 |
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jm20 posted:Isn't this already true? you live in Calgary Calgary isn't that bad, you know. I only hate it on alternating days, instead of constantly. If I don't interact with any members of the public, it's usually a very enjoyable place to live.
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# ? Dec 8, 2015 17:31 |
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PT6A posted:If I don't interact with any members of the public, it's usually a very enjoyable place to live.
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# ? Dec 8, 2015 18:12 |
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Wonder if I can buy the tallest hill in Florida; sell it as a private island down the road for big bucks.
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# ? Dec 8, 2015 18:20 |
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El Scotch posted:Wonder if I can buy the tallest hill in Florida; sell it as a private island down the road for big bucks. No guarantee it'll still be around at that point. A lot of Florida is on top of an aquifer that's collapsing in on itself.
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# ? Dec 8, 2015 18:27 |
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Au contraire; I like interacting with family and friends, and I don't mind the public in general, just in Calgary. I defy you to live here and feel otherwise. EDIT: Also, wasn't the largest hill in Florida literally a huge pile of garbage? Or am I thinking of someplace else?
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# ? Dec 8, 2015 18:33 |
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PT6A posted:Au contraire; I like interacting with family and friends, and I don't mind the public in general, just in Calgary. I defy you to live here and feel otherwise. It is a joke.
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# ? Dec 8, 2015 18:38 |
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Quick, everyone go into foreclosure/repo/whatever else fields
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# ? Dec 8, 2015 19:40 |
jm20 posted:And you likely live in Canada and get paid in CAD. Equity exposure isn't the entire picture, we're all screwed. I get paid primarily in USD This makes up for the crippling 30% pay cut I took in 2009.
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# ? Dec 8, 2015 20:02 |
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This news article will probably make CI hard: http://www.cbc.ca/news/canada/calgary/suicide-rate-alberta-increase-layoffs-1.3353662 quote:In this year of mass layoffs in the energy sector, calls to the Calgary Distress Centre have changed tone and have become more frequent, says counsellor David Kirby.
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# ? Dec 8, 2015 20:29 |
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We're going negative, kids.quote:"Today's remarks should in no way be taken as a sign that we are planning to embark on these policies," Poloz said. "We don't need unconventional policies now, and we don't expect to use them. However, it's prudent to be prepared for every eventuality." Yessss central bank directly funding bad retail loans this is going to be awesome.
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# ? Dec 8, 2015 20:43 |
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etalian posted:This news article will probably make CI hard: So it looks like all the happened to alberta is that their unemployment rate finally got equalized with the rest of the country's.
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# ? Dec 8, 2015 20:45 |
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Playstation 4 posted:Time to take advantage of my Florida-born father. But enough about your sex life.
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# ? Dec 8, 2015 20:47 |
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oil downturn, unemployment, it's time for ZIR If we stave off a crash we are going to be chugging along solely on consumer spending which should include speculative real estate at this point.
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# ? Dec 8, 2015 20:47 |
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Baronjutter posted:So it looks like all the happened to alberta is that their unemployment rate finally got equalized with the rest of the country's. Sort of brings into sharp relief just how bad Canada in general has it without Alberta covering up. Almost like some kind of a disease... like the tulip hysteria in the Netherlands... if only there were a name for such a behaviour, but that would be committing sociology.
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# ? Dec 8, 2015 20:47 |
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So if our petrodollar collapses does mnufacturing benefit from whatever the opposite of the Dutch Disease is? The Dutch Cure?
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# ? Dec 8, 2015 22:56 |
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Albino Squirrel posted:So if our petrodollar collapses does mnufacturing benefit from whatever the opposite of the Dutch Disease is? The Dutch Cure? While the high dollar hasn't been helpful to Canadian manufacturing the bigger problem, at least in Ontario, is high energy costs. It used to be that Ontario's publicly owned utility was used by the provincial government to promote manufacturing by keeping energy costs low. Ontario manufacturing could compete with the lower labour costs of Mexico by providing very cheap power. Since the 1990s the province has largely abandoned this policy. First they turned it into a basically private company, now they're actually selling a majority share of it. Whoever buys it is going to expect high returns on their investment, which will mean either higher energy prices, or less money spent on maintaining the grid, or perhaps both. Either way it makes it very unlikely Ontario will ever have the cost advantage regarding energy that it once had.
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# ? Dec 8, 2015 23:11 |
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It's almost like the private sector's short term and myopic focus and inability to cooperate or see the big picture is a loving disaster for society. It's almost like taking the complex and deeply interwoven things that support a society, compartmentalizing them, then saying they have to individually make a profit or they don't have value is going to destroy the society those things were supporting.
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# ? Dec 8, 2015 23:32 |
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Baronjutter posted:It's almost like the private sector's short term and myopic focus and inability to cooperate or see the big picture is a loving disaster for society. It's almost like taking the complex and deeply interwoven things that support a society, compartmentalizing them, then saying they have to individually make a profit or they don't have value is going to destroy the society those things were supporting. https://www.youtube.com/watch?v=6qKy9iK_jDc The worst part about it is that this has been a long, drawn out, slow death that we all saw coming. Ive lived here my whole life and this all started when I was about 9, so its practically been my whole teenage and young adult life watching our Liberal/Conservative governments sell off every buffer the province had for a quick buck to their business interests and friends.
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# ? Dec 8, 2015 23:49 |
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But think of all the taxes you haven't had to pay as a result!
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# ? Dec 8, 2015 23:52 |
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quote:Almost 20pc of Melbourne's investor-owned homes empty http://www.afr.com/real-estate/almost-20pc-of-melbournes-investorowned-homes-empty-20151203-glee9q
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# ? Dec 8, 2015 23:52 |
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Maybe we'll luck out and the pendulum will swing back the other way in time to have kick rear end livable socialized pensions when we need to retire. I'm pretty much counting on it.
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# ? Dec 8, 2015 23:53 |
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Albino Squirrel posted:So if our petrodollar collapses does mnufacturing benefit from whatever the opposite of the Dutch Disease is? The Dutch Cure? The problem for Canada is it didn't make capital investments in the past when the loony was more favorable for manufacturing improvements. A weak currency does help the export market but you need to have valuable brands that everyone wants to buy. A good amount of the manufacturing output was also shifted to focus supporting the energy industry, suddenly the same companies are making huge cuts to their capex purchases. Lots of provinces are now thinking of switching gears to a more diverse economy such as health/tech focus but switching gears takes a few years. For Canada half of the exports are tied into the cyclical driven commodities: http://www.canadianmanufacturing.com/manufacturing/canada-one-of-5-economies-most-exposed-to-china-slowdown-158810/ Australia has a similar issue to Canada, to make things worse the former PM Abbot tended to focus on helping commodity companies while ignoring other aspects of the economy. Commodities are inherently playing with fire in terms of putting all the eggs in one basket since over time they are even more volatile than the stock market.
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# ? Dec 9, 2015 00:00 |
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Seat Safety Switch posted:We're going negative, kids. I'd very much like to know what the thread thinks about this, since I don't even really understand what a negative rate means here.
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# ? Dec 9, 2015 00:08 |
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Count Roland posted:I'd very much like to know what the thread thinks about this, since I don't even really understand what a negative rate means here. You and i are not gonna have negative interest rates. This is basically incentive to make banks lend more. Which is more fuel to prop up asset prices.
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# ? Dec 9, 2015 00:19 |
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*Ontario voters stare blankly into space* "We've made a huge mistake"
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# ? Dec 9, 2015 00:19 |
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Count Roland posted:I'd very much like to know what the thread thinks about this, since I don't even really understand what a negative rate means here. All the companies sitting on huge warchests in Cayman banks will continue to not do anything with the money. Your visa will still be expensive and savings accounts will continue to pay nothing.
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# ? Dec 9, 2015 00:20 |
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Count Roland posted:I'd very much like to know what the thread thinks about this, since I don't even really understand what a negative rate means here. http://www.investopedia.com/terms/n/negative-interest-rate-policy-nirp.asp It means banks will starting charging depositors for holding cash in the bank. I know it's a pretty weird concept.
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# ? Dec 9, 2015 01:13 |
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etalian posted:http://www.investopedia.com/terms/n/negative-interest-rate-policy-nirp.asp But RBC already charges me $10 a month to keep money in the bank
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# ? Dec 9, 2015 02:34 |
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sitchensis posted:But RBC already charges me $10 a month to keep money in the bank It's the You Should Be Using a Credit Union surcharge
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# ? Dec 9, 2015 03:03 |
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http://ftalphaville.ft.com/2015/12/09/2147366/this-default-cycle-is-for-turning/quote:
quote:
Be still my throbbing engorged penis
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# ? Dec 9, 2015 13:58 |
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# ? May 26, 2024 03:29 |
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By the way, USD to cad is 1.36 today. loving lol
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# ? Dec 9, 2015 14:00 |