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Ikantski posted:Blaming the nebulous private sector lets the OLP off the hook too much. Maybe things would be better under full communism but it's a red herring. Every other province and state was also operating alongside a private sector for the last 25 years. It's not that bizarre that ONDP and OPC haven't been able to capitalize, you still see a lot of people saying it can't be that bad, their power bills haven't gone up much or quickly reframe any criticism as global warming denial from rich rural nimbys slash mike harris. I'm not blaming the private sector -- though God knows all the money they shovel at garbage "think tanks" like the Fraser Institute means they do deserve some blame -- I'm saying that conversion to free market fundamentalism by most of the political establishment and media creates an environment that's conducive to this kind of behavior. You're very good at pointing out the failures of the Liberals but you're rather quick to overlook the context in which these failures keep happening. We hardly need to contemplate "full communism' to solve this. The pre-Mike Harris Conservative Party basically created Ontario Hydro. Also if the PCs would stop nominating Mike Harris' corpse to lose one election after another then maybe we could have an election about actual issues instead of a referendum on "is it time to drop a thermonuclear device on the public sector". If the PCs could behave like like their Bill Davis counterparts rather than acting like the Arizona GOP then maybe the next election won't end up being overshadowed by some insane, mean spirited and ultimately self destructive PC policy position like firing 100,000 people.
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Dec 9, 2015 22:27
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Cultural Imperial posted:You guys realize you've gained a big fat loving zero unless you convert your us dollars into cad right?  with your paper gains nonsense, the numbers went UP so the profits are REAL.
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Dec 9, 2015 22:27
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Crowbite posted:Today on Facebook Tell them to buy buy buy, the pride of ownership will wash away all their worries
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Dec 9, 2015 22:41
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Cultural Imperial posted:You guys realize you've gained a big fat loving zero unless you convert your us dollars into cad right? I'll convert it when I buy a house on the west side of Vancouver in cash in the next 10 years or so.
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Dec 9, 2015 22:59
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blah_blah posted:I'll convert it when I buy a house on the west side of Vancouver in cash in the next 10 years or so. When you get a sweet dream job with hootsuite data science division right
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Dec 9, 2015 23:09
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US is just getting going and Canada has barely started to collapse yet. Only when the chickens come home to roost will it be time to bring money back into Canada. Besides pride of ownership in US Consumer goods ETFs is a hell of a thing.
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Dec 9, 2015 23:10
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Cultural Imperial posted:When you get a sweet dream job with hootsuite data science division right That's probably around the same timeframe they'll finally IPO in.
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Dec 9, 2015 23:46
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Dec 9, 2015 23:59
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I heard a Save On Foods employee talking about seeing how much he could be pre-approved for on a mortgage. I didn't think grocery stores even had full time employees anymore. And I'm beginning to hate my job but looking for anything is depressing as gently caress. Last time I had to look was 2005 - things have changed a wee bit.
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Dec 10, 2015 00:37
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Anyone itt read The Big Short book? How is what's happening in Canada anyway different from the US bubble. You have the same unqualified people getting loans to "afford" homes that already have overinflated prices.Everyone that should be providing oversight is either asleep at the wheel or even worse spinning the bubble as good thing since it's creating jobs growth. You have the same poo poo assets being securitized into completely trustworthy "safe" investments.
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Dec 10, 2015 00:53
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etalian posted:Anyone itt read The Big Short book? Because everyone wants to live in Vancouver! Not everyone wants to live in California, or Arizona, or other places that don't feature the best weather in Canada, a country infamous for bad weather. Prices can only go up.
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Dec 10, 2015 01:06
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Seat Safety Switch posted:Because everyone wants to live in Vancouver! Vancouver is basically the lifestyle smugness of the US West coast without the jobs or top tier universities/labs such as UCLA.
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Dec 10, 2015 01:11
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Reverse Centaur posted:And I'm beginning to hate my job but looking for anything is depressing as gently caress. Last time I had to look was 2005 - things have changed a wee bit. My plan for the next five years is to work something meh for $15/ish an hour 8 months of the year, coast unemployed for the remaining four months of the summer, and thus actually enjoy my time on earth. If labor standards won't give us a reasonable amount of vacation time in North America, I'll drat well take it. Granted my expense to income ratio is extremely low compared to most Canadians.
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Dec 10, 2015 01:34
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really living the dream buddy
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Dec 10, 2015 01:38
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Helsing posted:Also if the PCs would stop nominating Mike Harris' corpse to lose one election after another then maybe we could have an election about actual issues instead of a referendum on "is it time to drop a thermonuclear device on the public sector". If the PCs could behave like like their Bill Davis counterparts rather than acting like the Arizona GOP then maybe the next election won't end up being overshadowed by some insane, mean spirited and ultimately self destructive PC policy position like firing 100,000 people. Amusingly (and not surprisingly), Bill Davis hates the current incarnation of the Ontario Conservatives, and also the fact that Stephen Harper listed Davis as one of his heroes. That's not entirely on the record, but I don't think he'd care either.
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Dec 10, 2015 02:21
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Rime posted:My plan for the next five years is to work something meh for $15/ish an hour 8 months of the year, coast unemployed for the remaining four months of the summer, and thus actually enjoy my time on earth. If labor standards won't give us a reasonable amount of vacation time in North America, I'll drat well take it. Try the classic 6 months seasonal labour/6 months EI; I swear half the people I've met on Vancouver Island do the same thing. If you can avoid getting sucked into the expensive hobbies trap, more power to you.
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Dec 10, 2015 02:36
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Dreylad posted:Amusingly (and not surprisingly), Bill Davis hates the current incarnation of the Ontario Conservatives, and also the fact that Stephen Harper listed Davis as one of his heroes. That's not entirely on the record, but I don't think he'd care either. Patrick Brown supported the 100k job cuts speech and was present in Barrie when it was made. The party has adopted the GOP southern strategy and honestly believe that it is just the lying liberal media keeping people from flocking back to them. And the wheels on the bus go round and round... 
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Dec 10, 2015 02:54
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Helsing posted:I'm not blaming the private sector -- though God knows all the money they shovel at garbage "think tanks" like the Fraser Institute means they do deserve some blame -- I'm saying that conversion to free market fundamentalism by most of the political establishment and media creates an environment that's conducive to this kind of behavior. You're very good at pointing out the failures of the Liberals but you're rather quick to overlook the context in which these failures keep happening. Hey, if people wanted a moderate conservative option they could have voted for Horwath  I think Patrick Brown will be interesting. The "PCs" didn't nominate him though. They had 10k memberships after the 2014 election. Brown went door to door and sold 40k. The others combined sold 20k. Hopefully he's that good of a salesman at election time, all he has to do is be not Wynne, nothing special. Also, the free market, uh, finds a way. http://firstmonday.ca/articles/sunripe-rejects-buyout-ottawa-grocery-chain-%E2%80%9Cthey-aren%E2%80%99t-us%E2%80%9D-says-willemsen posted:“It will have a little more of a modern look than the existing London and Sarnia stores” says Willemsen. With LED lighting and a natural gas generator Willemsen says the store will be able to go off the Provincial power grid.
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Dec 10, 2015 03:19
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Rime posted:My plan for the next five years is to work something meh for $15/ish an hour 8 months of the year, coast unemployed for the remaining four months of the summer, and thus actually enjoy my time on earth. If labor standards won't give us a reasonable amount of vacation time in North America, I'll drat well take it. Must be nice, I've got a wife from Kitsilano so I can't do that. Also I enjoyed this typo from one of her friends on facebook 
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Dec 10, 2015 04:30
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etalian posted:How is what's happening in Canada anyway different from the US bubble. The massive system of mortgage backed securities that existed in the US bubble but don't to anywhere near the same extent in Canada. In terms of how much housing prices can fall, sure, but I don't see there being anywhere near the same level of collateral damage outside of Canada.
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Dec 10, 2015 05:49
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blah_blah posted:The massive system of mortgage backed securities that existed in the US bubble but don't to anywhere near the same extent in Canada. In terms of how much housing prices can fall, sure, but I don't see there being anywhere near the same level of collateral damage outside of Canada. The main difference is it's the government that's painting piles of poo poo gold: 
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Dec 10, 2015 07:18
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Rime posted:My plan for the next five years is to work something meh for $15/ish an hour 8 months of the year, coast unemployed for the remaining four months of the summer, and thus actually enjoy my time on earth. If labor standards won't give us a reasonable amount of vacation time in North America, I'll drat well take it. If you want unlimited time off you should go join IATSE as a labourer (or a carpenter/painter/electrician if you can qualify). You'll make lots more than $15/hr and if you can handle long hours you are basically guaranteed to walk back into a job whenever you want. The film industry in BC is actually really healthy right now.
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Dec 10, 2015 07:53
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the talent deficit posted:If you want unlimited time off you should go join IATSE as a labourer (or a carpenter/painter/electrician if you can qualify). You'll make lots more than $15/hr and if you can handle long hours you are basically guaranteed to walk back into a job whenever you want. The film industry in BC is actually really healthy right now. It's crazy how many folks need to be involved on a major shoot. They did one in a house on my street recently and there must have been at least 20-30 dudes just hauling poo poo around everywhere all day. Then a bunch more of the camera/sound guys, the actors and director dudes, the drivers, food service, security, even cops (they shut the whole road down for basically the whole day). Major operations.
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Dec 10, 2015 08:03
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THC posted:I only had enough money to start investing this year! gently caress me 1 corporate shell. 1 interactive brokers account. 1 small business loan, pledge your car or something dumb. take a loan out on the loan in Japan, take it to 5x leverage. You can do it e-trade baby, just like all those day traders in 1997-2001.
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Dec 10, 2015 08:43
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http://www.macleans.ca/economy/economicanalysis/the-most-important-charts-for-the-canadian-economy-in-2016/ Y'all dumb motherfuckers should print this out and bring it with you to Christmas dinner when your loving idiot family rails on you for not buying a house or getting a job
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Dec 10, 2015 12:35
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Hahahaha oil just loving collapsed
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Dec 10, 2015 14:24
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Check out @ABaradez's Tweet: https://twitter.com/ABaradez/status/674943039735996417?s=09quote:
Check out @IG_France_'s Tweet: https://twitter.com/IG_France_/status/674942332001787904?s=09
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Dec 10, 2015 14:28
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Cultural Imperial posted:Check out @ABaradez's Tweet: https://twitter.com/ABaradez/status/674943039735996417?s=09  
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Dec 10, 2015 14:38
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Housing is BCs Biggest Industryquote:Buying and selling older houses in Metro Vancouver is now worth more to the provincial economy than the B.C. forestry, natural gas and mining industries combined. NB: This doesn't include actual construction. Just selling houses back and forth. 
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Dec 10, 2015 16:00
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ocrumsprug posted:Housing is BCs Biggest Industry gently caress this country sometimes.
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Dec 10, 2015 18:38
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http://www.telegraph.co.uk/finance/economics/12040481/The-junk-bond-markets-early-warning-signs-are-all-flashing-red.html The US junk bonds market yields are blowing the gently caress up. In other words, if your company is bullshit yet because you fantasize about being a captain of industry~, you will issue bonds because no loving bank in their right mind will lend to you. Since your company is obviously bullshit, you will have to issue your bonds with high interest rates to attract buyers. High interest rates aka yields.
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Dec 10, 2015 18:43
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Cultural Imperial posted:http://www.macleans.ca/economy/economicanalysis/the-most-important-charts-for-the-canadian-economy-in-2016/ I like how all optimists argue oil and commodity prices have to increase in 2016.
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Dec 10, 2015 18:43
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etalian posted:I like how all optimists argue oil and commodity prices have to increase in 2016. I mean, at this point they could drastically increase and still be low as gently caress, so...
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Dec 10, 2015 18:58
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senae posted:I mean, at this point they could drastically increase and still be low as gently caress, so... It seems like spin saying commodities have to increase when thing like the OPEC cartel being broken are not going to magically fix themselves next year. also this graph made me laugh the most, commodities make up 50% of all canadian exports: 
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Dec 10, 2015 19:34
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Canada is a third world country because its economy is based on resource extraction rather than added value services.
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Dec 10, 2015 19:48
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Ikantski posted:Hey, if people wanted a moderate conservative option they could have voted for Horwath Patrick Brown was trained by Hudak personally to take over and I cant believe how willfully ignorant you are of the platforms they run on. Tough on Crime bullshit, cuts to healthcare, gutting of the public sector in all the wrong places (never of the useless cushy overpaid upper management positions created to funnel unqualified friends into), right-to-work legislature/union busting, tax cuts for wealthy business owners (I know this one applies to you personally so I get why you like it), the list loving goes on and on. Hudak also had plans to sell off Hydro One, but it was to be done behind closed doors. He also wanted to sell off the LCBO. Two things you constantly rag on the OLP solely for suggesting and doing. If you think Brown, a man who idolizes such political figures as Mulroney/Thatcher/Harper, will be any different then I think its clear that your hatred of Wynne surpasses common sense and I sure hope that you are in the minority.
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Dec 10, 2015 20:44
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etalian posted:this graph made me laugh the most, commodities make up 50% of all canadian exports: This one was my favourite:  quote:“This is a chart of purchases of Canadian residential real estate by non-residents. Yes, it’s blank. These purchases are not measured in Canada. That needs to change. Circumstantial and anecdotal evidence suggest that these capital inflows have had a large and growing influence on the Canadian housing market, whose imbalances continue to represent a key risk to the Canadian economic and financial outlook.”
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Dec 10, 2015 21:23
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Look that info would violate the privacy of home buyers. You all value privacy don't you?
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Dec 10, 2015 21:46
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Mantle posted:Canada is a third world country because its economy is based on resource extraction rather than added value services. My job involves searching for and selling to manufacturing companies in Ontario. I can tell you the state of our manufacturing is loving pisspoor. It consists of a bunch of machine shops pumping out little tubes and brackets with 10-20 employees smattered all over the GTA. These businesses sell small things to big OEMs for over 40 years and are basically contract manufacturers who have no real innovation or engineering capability. They don't move much volume and the profits are enough to make a select few people reasonably wealthy. That's it. We're a nation of garages that gross maybe 1 million each with no further ambition. The rest are just branch plants that sit around with their hand extended palm up waiting for handouts from their multinational corporate overlords in the USA, Japan or wherever. Its hosed up. A lot of major value added, high volume, high value manufacturing moved to Mexico, China or elsewhere. We don't really do much of anything anymore. Only the automotive OEMs and a couple of small but heavy duty manufacturers remain - poo poo like large transmission shafts for oil, large electric motors, nuclear industry piping, equipment and reactor parts and some small scale military stuff like plating or control consoles. Also some energy equipment like gas refinery parts. That's all we have in Canada. We're a dumpster tier has been as far as industrial capacity is concerned. I get so loving mad and jealous of all the savvy twenty somethings making 30k more than me working for the ad agencies and banks downtown living it up while I'm out here busting my rear end selling to customers that don't exist.
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Dec 11, 2015 00:56
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Kraftwerk posted:My job involves searching for and selling to manufacturing companies in Ontario. I can tell you the state of our manufacturing is loving pisspoor. It consists of a bunch of machine shops pumping out little tubes and brackets with 10-20 employees smattered all over the GTA. These businesses sell small things to big OEMs for over 40 years and are basically contract manufacturers who have no real innovation or engineering capability. They don't move much volume and the profits are enough to make a select few people reasonably wealthy. That's it. Just start a company selling worthless garbage to dumb people in Vancouver because *healthy*. The dudes who founded Mill St Brewery got rich by naming a lovely beer "organic". Canadians are literal retards. Take their money because God knows someone else will. cowofwar fucked around with this message at 01:03 on Dec 11, 2015 |
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Dec 11, 2015 01:00
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