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OSI bean dip posted:http://www.cbc.ca/news/business/poloz-low-interest-rates-1.3770695 LOL Ok serious mode: You guys know what this means right? If you think boomers retiring in the near future are in deep poo poo, we're all in even deeper poo poo because our incomes are lower and we didn't have the economic growth of the 60's, 70's, 80's, 90's to coast off of. Pension funds and personal equities did quite well and if you could afford a house, you did really well, as a boomer. Poloz is telling us what Larry Summers has been saying for the last 5 years - don't expect to see any real growth for a long time and that means we'll have to keep working a very long time. UNLESS, y'all just keep borrowing to buy the latest yeezys and a sick Q7. Which, and I'm seriously not joking here, may not be as awful as it sounds because it's likely the government will bail your profligate rear end out. It's a huge risk but if you're a materialistic sack of poo poo making 70k/year, it's a great way to go!
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# ? Sep 21, 2016 01:02 |
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# ? May 10, 2024 09:39 |
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Could Brangelina have saved their marriage if they had invested in Vancouver real estate?
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# ? Sep 21, 2016 01:27 |
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When they say that low interest rates mean higher prices for stock/bonds, does that mean stocks generate more dividends? Because if that's the case, great. Why would people rely on less than one percent interest rates on money in the bank when they can get 3-4% interest rate returns on an index fund? But if both are hosed, then that sucks.
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# ? Sep 21, 2016 01:38 |
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namaste faggots posted:LOL And you all scoffed at my "YOLO: do cool poo poo now instead of slaving away, smoke a shotgun at 70-ish." retirement plan. Reminder: You are not a boomer, you are hosed, start enjoying the bacchanalia before the good times are gone forever.
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# ? Sep 21, 2016 02:03 |
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Rime posted:And you all scoffed at my "YOLO: do cool poo poo now instead of slaving away, smoke a shotgun at 70-ish." retirement plan. I was telling my spouse about our mugging people retirement plan. She did not approve, but eventually the hunger will get her on board.
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# ? Sep 21, 2016 02:10 |
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I was just thinking the other day how much start up capital I would need to set up a front for one of those "Galt's Gulch in Real Life!" scam where you get a bunch of
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# ? Sep 21, 2016 02:17 |
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namaste faggots posted:LOL But at least inflation is low and stable right?
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# ? Sep 21, 2016 02:24 |
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namaste faggots posted:LOL But this should have been evident already. Grow with what? Hootsuite? loving FreshBooks? We've never had to be a nation of innovators because all we had was resources. Those are all consolidated or not profitable enough to extract without drowning a couple towns in crude and we've never had a backup plan or next phase. Goddamn, imagine what this country would be like if even one competent person had ever held elected office or business leadership here.
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# ? Sep 21, 2016 02:40 |
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peter banana posted:But this should have been evident already. Grow with what? Hootsuite? loving FreshBooks? We've never had to be a nation of innovators because all we had was resources. Those are all consolidated or not profitable enough to extract without drowning a couple towns in crude and we've never had a backup plan or next phase. René Lévesque He masterminded the creation of Hydro-Quebec.
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# ? Sep 21, 2016 02:42 |
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peter banana posted:Goddamn, imagine what this country would be like if even one competent person had ever held elected office or business leadership here. https://en.wikipedia.org/wiki/Adam_Beck
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# ? Sep 21, 2016 02:45 |
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Ccs posted:When they say that low interest rates mean higher prices for stock/bonds, does that mean stocks generate more dividends? Because if that's the case, great. Why would people rely on less than one percent interest rates on money in the bank when they can get 3-4% interest rate returns on an index fund? They're hosed. Lower dividends and higher price are synonymous, to the point that bond prices are usually given as percent yield (higher = cheaper) rather than dollar price. That's one reason European governments have been going crazy with bonds, they have to pay very little interest to investors. Likewise price to earnings for stocks have been ahistorically high recently, and dividends are theoretically supposed to come from earnings. Do note though that some companies have realized they can take advantage of low interests rates by borrowing cheap money to pay dividends above their usual earnings.
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# ? Sep 21, 2016 02:48 |
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I knew that the thought of saving for retirement in the modern era was complete bullshit.
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# ? Sep 21, 2016 02:53 |
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Rime posted:And you all scoffed at my "YOLO: do cool poo poo now instead of slaving away, smoke a shotgun at 70-ish." retirement plan. You're assuming that you're going to be able to live until 70 without being in poverty or what Your post is stupid as gently caress sorry
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# ? Sep 21, 2016 03:07 |
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When the riots start I'll roll up with a sweet future boom box so we have an authentic synth soundtrack for the Collapse
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# ? Sep 21, 2016 03:14 |
namaste faggots posted:Unironically agree. Have you seen what kind of loving fuckwits work in the canadian foreign service and csis? So we have a blind squirrel finding a nut situation here except the nut is "not letting your country be the escape plan for the distilled graft of a country of 1.3B"?
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# ? Sep 21, 2016 03:17 |
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I didn't think I'd have to tell you this but have some self respect and stop acting like bad decisions that lead to poverty aren't your own. You can do better yet you won't because it gives you some cheguevara Zapatista bullshit mystique
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# ? Sep 21, 2016 03:18 |
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http://www.cbc.ca/news/politics/china-security-adviser-economic-fugitive-1.3771481quote:Trudeau's security adviser approved the removal of China's 'economic fugitives' you know, i'm willing to give china a pass on human rights as long as they take back their money and their loving fuerdai shitheads
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# ? Sep 21, 2016 06:08 |
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namaste faggots posted:http://www.cbc.ca/news/politics/china-security-adviser-economic-fugitive-1.3771481 They can keep the fuerdai. We'll keep the money as a finder's fee.
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# ? Sep 21, 2016 06:23 |
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OSI bean dip posted:http://vancouversun.com/business/real-estate/class-action-lawsuit-filed-against-b-c-government-over-foreign-home-buyers-tax Hmm, that sounds like Brasil is attesting in court filings that this is an investment and not a principal residence, so all capital gains are 100% subject to Canadian income tax, as those of anyone joining in the suit would be. I'm sure the Canada Revenue Agency would be glad to know this.
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# ? Sep 21, 2016 12:26 |
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EvilJoven posted:Any chance that the top levels of the PRC start forcing this money to come back home, even if it means liquidating for pennies on the dollar, by literally threatening the lives of these people and their families? I should be a loving fortune teller.
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# ? Sep 21, 2016 13:37 |
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You have to be pretty far down the rabbit hole of privilege to believe that when you buy property in a foreign country, that country's real estate, and taxes don't apply to you. But then again, this is a person who just finished a master's in public administration and can "somehow" afford a half million dollar condo by herself.
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# ? Sep 21, 2016 13:39 |
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I just heard China game Canada a 2 Trillion dollar bailout
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# ? Sep 21, 2016 14:22 |
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peter banana posted:Goddamn, imagine what this country would be like if even one competent person had ever held elected office or business leadership here. They existed during WW2 and I think the country's been riding on their coattails ever since.
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# ? Sep 21, 2016 14:40 |
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https://twitter.com/Economy_Lab/status/778564713764401152?s=09 psst buddy want a mortgage
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# ? Sep 21, 2016 14:44 |
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Dreylad posted:They existed during WW2 and I think the country's been riding on their coattails ever since.
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# ? Sep 21, 2016 14:45 |
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namaste faggots posted:https://twitter.com/Economy_Lab/status/778564713764401152?s=09 I know someone in this business and I can't wait for them to eat their loving shirt.
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# ? Sep 21, 2016 14:50 |
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Fried Watermelon posted:I just heard China game Canada a 2 Trillion dollar bailout Only for CCoin, the new currency backed by the notes on Vancouver condos
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# ? Sep 21, 2016 14:58 |
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namaste faggots posted:Oh yeah Mackenzie king totally competent you guys lol
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# ? Sep 21, 2016 15:00 |
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We should all become private lenders and use our own house equity to loan out at 10% secured against the borrowers home. When rates edge higher you exit the market before your borrower goes tits up. I think I'm going to sock 6 digits into this idea.
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# ? Sep 21, 2016 15:04 |
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PK loving SUBBAN posted:I know someone in this business and I can't wait for them to eat their loving shirt. Wow, I can just go to my neighbors and promise double-digit returns and they'll hand over their life savings? What a great idea! And if anybody needs to cash out I'll just find another neighbor. I'll call it the 'Ponzi plan' or something like that.
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# ? Sep 21, 2016 15:38 |
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namaste faggots posted:https://twitter.com/Economy_Lab/status/778564713764401152?s=09 quote:These mortgage providers, which fall outside the responsibility of Canada’s main banking regulator, increased their share of the $1.4-trillion mortgage market to about 13 per cent last year from 6.7 per cent in 2007, according to the finance department. The lenders, also known as the shadow or private market, cater to the self-employed, new immigrants and those turned down by regular banks. Cool. Coolcoolcoolcool. PK loving SUBBAN posted:I know someone in this business and I can't wait for them to eat their loving shirt. Unironically this but for all homeowners and real estate agents.
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# ? Sep 21, 2016 15:42 |
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tagesschau posted:Hmm, that sounds like Brasil is attesting in court filings that this is an investment and not a principal residence, so all capital gains are 100% subject to Canadian income tax, as those of anyone joining in the suit would be. Why not ask the lawyer on Twitter? https://twitter.com/class_counsel
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# ? Sep 21, 2016 15:49 |
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tagesschau posted:Hmm, that sounds like Brasil is attesting in court filings that this is an investment and not a principal residence, so all capital gains are 100% subject to Canadian income tax, as those of anyone joining in the suit would be. The best part is that BC is an "opt-out" place when it comes to class action lawsuits. Does that mean if you don't opt out, then automatically your property is an investment? Should be interesting...
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# ? Sep 21, 2016 17:47 |
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https://twitter.com/TriVestWealth/status/778619768471298048?s=09
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# ? Sep 21, 2016 18:29 |
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http://www.theglobeandmail.com/news...rticle31981251/quote:Chinese agents enter Canada on tourist visas to coerce return of fugitive expats I'll allow it.
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# ? Sep 21, 2016 19:30 |
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I was about to comment that I can't believe the thread title is still there but then you serve this up juicy.
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# ? Sep 21, 2016 19:34 |
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Kafka Esq. posted:I was about to comment that I can't believe the thread title is still there but then you serve this up juicy. Why do you even care? I could give a poo poo if secret agent 008 James Wong kidnapped some fuerdai and let them rot in a Xinjiang prison camp
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# ? Sep 21, 2016 20:01 |
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if we're gonna ship arms to saudis so they can murder non-wahabbists we may as well also ignore the human rights of other people on the off-chance that it might be a net good for the world.
Dreylad fucked around with this message at 20:28 on Sep 21, 2016 |
# ? Sep 21, 2016 20:25 |
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Would China give the evidence of their crimes to Canada in order to extradite them?
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# ? Sep 21, 2016 20:26 |
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# ? May 10, 2024 09:39 |
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Fried Watermelon posted:Would China give the evidence of their crimes to Canada in order to extradite them? The Chinese are very private about their money; that would go against their culture.
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# ? Sep 21, 2016 20:28 |