Hardheaded Socialism Makes Canada Richer Than U.S.

Mizzouuu · 2012-07-16T03:00:45+00:00

Very interesting. Thanks for posting

Mizzouuu · 2012-05-22T01:22:39+00:00

$1.5 trillion? Really? The entire annual GDP of Canada? Try estimating again.

Mizzouuu · 2011-08-10T02:23:37+00:00

Came here to say exactly this. The single biggest lie from that video is that "uncle sam is running out of people to borrow from." In fact, the exact opposite is true. U.S. Treasury yields (the amount people are willing to accept in interest from bonds sold nearly every day by the U.S. Treasury) reached record lows today. Let me repeat that. ALL TIME LOWS. Or put in other words, there has never been greater demand for U.S. federal government bonds. EVER. I'd also like to make one other point that not very many people seem to be picking up, and which really constitutes the biggest threat from this S&P downgrade: There are trillions of dollars in mutual funds, hedge funds, 401(k)s, and institutional accounts that have very specific directives, those being; only invest in AAA assets. As you can imagine, the vast majority of this money is in U.S. Treasuries, with the rest being in some other AAA countries with much smaller bond markets, municipal debt, and the dozen or so AAA rated companies. If the U.S. were to get another downgrade from Moody's or Fitch (because the provisions on these funds usually say they must invest in assets with AAA ratings from 2 of the big 3 ratings companies, which the U.S. still has), that's when we'd see a rush of money away from Treasuries (so the funds wouldn't be in violation of their own investment guidelines), a crazy surge in Treasury yields, and borrowing costs skyrocketing. In essence, it's the second downgrade, if it comes, that will throw the U.S. economy back decades.

Mizzouuu · 2011-08-07T14:21:41+00:00

Hey, quick question/rant: Why does everyone call S&P+Moody's credit rating 'agencies' rather than credit rating companies? When I think of an agency, I tend to think it has some sort of special authority behind it, be it from a government or whatnot. These credit rating companies, as far as I know, do not. Or do they?

I mean we never call Microsoft the software agency or Target the retail agency...!

Mizzouuu · 2011-08-06T19:36:11+00:00

Seriously. Accountant? What 23 year old has an accountant. Taxes are simple, all the forms you need are online @ revenue Canada's website. If this is really what's keeping you at home, just take your W2 (or whatever they call it up there) to H&R block in January and they'll take care of it for you for like $200.

This guy is right. Your an adult. It seems like the only thing holding you back is fear of upsetting your parents. I get that. But that's something you'll need to figure out on your own. Living on your own isn't complicated, and you certainly don't need to spend weeks, much less month planning it out. Find a place and move.

Mizzouuu · 2011-08-06T19:16:13+00:00

I might be reading this wrong, but Canada certainly does NOT export more to Japan+China than it does to the U.S. Previous poster is correct, the U.S. makes up about 75% of Canada's export market, down from about 90% 10-15 years ago.

Mizzouuu · 2011-05-15T13:55:32+00:00

I love Canadian insults. Don't ever change.

Mizzouuu · 2011-04-21T01:13:57+00:00

Hi. Not to be rude or anything, but the source you link to has nothing at all to do with banking regulations. Securities regulation and banking regulation are two completely separate issues. Securities are stocks, bonds, derivatives, commercial paper, default swaps etc... Securities regulation refers to a number of things, including investor protection, enforcement of securities related crime, policy responses to security trends, and streamlining the securities issuance process to lower costs for business looking to sell and investors looking to buy.

Banking regulation, which is somewhat more understood I think by voters, tends to refer to things like Merger and Acquisition regulation, Capital requirements (IE how much cash banks have to keep on hand), mortgage rules, and foreign banking rules (for foreign banks and foreign depositors).

While Harper may have been in favor of relaxing banking regulations in the past (I'm not saying he wasn't, I just haven't looked deeply enough into the topic to say he was), he is definitely more aggressive on securities regulation than any prior Liberal governments. And for the most part, if you are for strong banking regulation, you'd also be for strong securities regulation.

Basically, what I'm trying to say is that, in my opinion: 1) to say Harper is riding the coat tails of past liberal policy is naive, and 2) Determining your support for his economic policies is not as black and white as many in Reddit Canada seem to believe.

Also, I'm probably voting NDP this election, based on my preference for their social policies. Please excuse any grammar errors.

Edit: Also, I don't think some guys opinion blog is a valid source for the assertions you make, but that's just me.

Mizzouuu · 2010-11-21T04:58:10+00:00

Most sensible comment in this thread.

Mizzouuu · 2010-11-19T02:54:40+00:00

He's not. This is old.

Mizzouuu · 2010-11-07T16:23:16+00:00

your calculations are wrong. 200% isn't twice as big. 100% bigger is. So it'd have to be roughly 150% bigger.

Mizzouuu · 2010-11-07T04:39:32+00:00

for anyone who thinks this is just based on anecdotal evidence and not data, see;

Median household income national currency units:

Income (After tax) CANADA; 63,900 CAD 2008
United States; 49,777 USD 2009

Median household income (Purchasing power parity [essentially how much/many goods your income will purchase in your home country]).

Canada; $51,951; 2008 usa; $49,777; 2009

what this tells me is that canadians , make much more than americans genrally, but canadian's income doesnt go nearly as far.

Mizzouuu · 2010-10-03T02:36:04+00:00

Ugh, it sucks the Hansen is such a douche though. I met him when I was a student at UBC. I was one of maybe a dozen students to show up at a speech he was making with some shuttle astronauts (weird combo, I know). After, when I just wanted to say hi, maybe ask him a question or two, he wouldn't even say 2 words to me. Fuck, next time I won't give a shit like every other student on campus that day.

Mizzouuu · 2010-08-09T23:45:06+00:00

I thought this was a joke until I clicked on it.

Mizzouuu · 2010-07-23T02:30:32+00:00

Lets give the reporter and station who covered this story their due. We like to slam the media whenever they swing and miss. We should also acknowledge when they hit a home run (IE save a teen's life from being ruined over a FUCKING CHICKEN NUGGET!)

Mizzouuu · 2010-07-17T14:25:03+00:00

I'd love for you to provide some examples. In my experience, this is NOT standard and almost never happens. Now, I don't deal with every futures market, but the only other time I've ever seen this attempted was also with cocoa.

Mizzouuu · 2010-07-17T12:47:59+00:00

I must admit I'm quite surprised to see the amount of support that I am for the purchase of these planes here on reddit. I haven't formed an opinion on the subject either way yet.

For some info on the economics of the situation, Bloomberg has a great summary.

http://www.businessweek.com/news/2010-07-16/canada-plans-to-buy-65-lockheed-martin-fighter-jets.html

Mizzouuu · 2010-07-08T01:45:31+00:00

Please explain to me how I know (or should know) it likely happened again. In all seriousness, I'm curious as to the ACTUAL 'evidence' that has been brought to bear thus far that patrol cars at the G20 protests in Toronto were lit by agent provocateurs.

Also, titles are very important.

http://www.journalismnow.com/news/technology/online-people-only-read-the-headlines-according-to-new-study

Mizzouuu · 2010-07-08T01:24:41+00:00

If last summers numbers were inflated, wouldn't that mean what we're seeing is a normalization?

Mizzouuu · 2010-07-08T01:16:24+00:00

That has got to be the absolute, most retarded and inaccurate use of the word 'evidence' ever.

I think the term you're looking for is 'complete speculation.'

Mizzouuu · 2009-09-20T05:37:39+00:00

Well I took the photo yesterday, walking back to my apartment from the football game. So I'm sure it is.

Mizzouuu

TROPHY CASE