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Re: Welcome To The Depression...
A rational Marc Savard. Woah, abstract response!Originally posted by Jason Lohner View Posteverytime it hurts, it hurts just like the first (and then you cry till there's no more tears)Comment
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Re: Welcome To The Depression...
There was an article in the newspaper I'd like to discuss today. Toronto Star, Feb. 18, 2009.
The federal and provincial governments will be spending $175 Million dollars to create 6,800 new parking places at the GO stations. In some cases it appears to be enlarging lots and in others building structures. For those of you who don't know, Go Transit is the commuter system people use to get from across the Greater Toronto Area. Many use it to go to work.
Personally, I would think that with unemployment growing and the number of riders going to work declining as a result, they would need less parking spaces and not more.
Anyhow, $175 Million dollars divided by 6,800 parking spaces tells us they are spending $25,735.29 for EACH parking spot they will create.
This is our tax dollars they are spending. I think it's a shocking waste of taxpayer money by the Federal and Provincial governments.
On the one hand, they are giving billions to the auto industry to encourage them to build automobiles and make jobs. On the other hand, they are spending hundreds of millions on public transportation to discourage people from driving.
What sense does this make? Maybe some of you can explain it to me.Gary Ruben
CC - IA and SIM
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everytime it hurts, it hurts just like the first (and then you cry till there's no more tears)Comment
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Re: Welcome To The Depression...
You must be a goverment economist.Originally posted by ben daswani View PostGary Ruben
CC - IA and SIM
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Re: Welcome To The Depression...
You forgot a couple of countries that might not point in the direction you wish they'd do. Is it what you intended? 8;-)Originally posted by Jason Lohner View PostComment
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Re: Welcome To The Depression...
Summary of this thread pleaseComment
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Re: Welcome To The Depression...
such as? perhaps you could enlighten us...Originally posted by Luc Lucienevich Fortin View Post
socialists use to point to Sweden... until the IMF moved in. Asian countries went from third world to 'Asian tigers' because of an aggressive pro-business tax/regulation policies. European countries have increased taxes and have gone from THE world economic power(s) to almost irrelevant with a continuing drop in standard of living...
Kind of reminds me of a teacher who went to an eastern European former communist (totalitarian) country to work and he asked his students if everyone could be equally rich and the vast majority of the class said yes... then he asked if a country could be universally poor and they laughed and said no... their reason? because someone had to administer the poverty...
as for Chomsky ... http://en.wikipedia.org/wiki/Noam_Chomsky
Not exactly an economist, his specialty is linguistics, perhaps thats why he is so good at slogans instead of real world examples.
If you want to learn something about economics (that is considered balanced) try
http://www.teach12.com/ttcx/coursede...2.aspx?cid=550Last edited by Jason Lohner; Saturday, 21st February, 2009, 07:48 PM.Comment
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Re: Welcome To The Depression...
No, I'm just not an idiot. I used to be an idiot, but then I wasn't five anymore.Originally posted by Gary Ruben View Posteverytime it hurts, it hurts just like the first (and then you cry till there's no more tears)Comment
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Re: Welcome To The Depression...
When I was 5, I thought that I could make cement by mixing mud and water. Turned out that I couldn't.Comment
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Re: Welcome To The Depression...
Here's a test for 20/20 vision.Originally posted by Lucas Davies View Post
Lucas's Eye Chart.
U
S E E
T H I S ?
U R
G O O D
2 G OGary Ruben
CC - IA and SIM
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Re: Welcome To The Depression...
You're proving that you know what you're talking about. 8;-)Originally posted by Jason Lohner View Post
Let me ask you a simple question. If you are living in Norway; how many weeks off work do you have when you're a newbie in the working market? 8;-)Last edited by Luc Lucienevich Fortin; Sunday, 22nd February, 2009, 06:53 PM. Reason: quote tag wasn't rightComment
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Re: Welcome To The Depression...
The bad financial numbers keep coming. The markets sustain more loses. The beat goes on.
When I was looking ahead and the indexes were high my own analysis indicated to me the Dow at around 6800 was quite possible. This was not a widely talked about scenario. My friends were telling me they thought this to be too pessimistic. My detractors were not as kind. :)
More than 5 months have passed since I started writing about this. We have seen quite a change in asset valuations and market sentiment.
So far oil has dropped to the $30. to $40. per barrel I expected. Today the Dow hit an inter day low of around 7105, which is not far from the approximate 6800 I'd been expecting. Our dollar has not yet dropped to the 65 to 70 cent range against the U.S. dollar which I had been expecting but it's still early in the game. The first 2, oil and low markets are bad. A lower dollar might actually be good for our industry so may be later in coming.
I've been listening to analysts and the doomsters talking down the stock markets. One guy today was talking Dow 4000 on TV.
Maybe these doomsters are right on the mark and these things will happen. I'm not very good at changing my targets in mid stream. Emotion gets involved and that's not desirable. I usually get better results with a longer term outlook.
So many people are so negative at this time that I consider it to be a positive indicator.
Real estate prices appear to be dropping along with interest rates. I'd have thought the lower interest rates would make the houses more affordable. Unemployment rates I've seen aren't really that high, unless those rates are inaccurate.
SNIFF. SNIFF! I can smell it. FEAR!! The next month or two should be interesting.
DISCLAIMER: None of what I write should be used for investment decisions. I write this stuff for entertainment. Consult a financial advisor.Gary Ruben
CC - IA and SIM
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Re: Welcome To The Depression...
You are entitled to 3 weeks/yr (some sources say 25 days with an extra week if you are over 60)... that's if you make it past the first two week period trial period (it is three months in Canada)Originally posted by Luc Lucienevich Fortin View Post
http://www.fellesforbundet.no/Felles...5k/engelsk.pdf
http://www.norsk.nl/norway.htm
google is my friend...
Norway is an interesting country... No minimum wage, lower income tax but high 'GST' (VAT). Generally a consumption tax is better as it is 'user pay'. Unemployment is low because of this. Certainly better than most socialist European countries.Comment
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Re: Welcome To The Depression...
and it will continue to fall... let me enlighten you with my theory :) Its called supply and demand.Originally posted by Gary Ruben View Post
The boomer generation is by far the largest demographics group and has been setting the market trends since the late 60's. This demographic group has generally not done much about preparing for retirement except depending on Government pension, possible union pensions and pouring money into mutual funds in the last 10 years because they know they are going to retire soon. During the last 10 years because this large demographic group has been pouring money into the market, there has been a great demand, thus driving prices up. At this point more and more boomers are retiring and pulling money out of the market... too much supply and not enough demand. Pull that amount out of the market and it was bound to crash. Simple supply and demand. Things will only get worse as Government pensions and union pension plans are hit with a large number of people retiring thus demanding more money.
No amount of government bailouts are going to help. Most of the companies that are in trouble because they have to give out large amounts of cash to a large percentage of retiring employees. Their cash flow can't sustain that kind of cost.
for more information read
http://www.chapters.indigo.ca/books/...7rich+dad%2527Comment
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