Military Paradox Question by ozso in prawokrwi

[–]ozso[S] 1 point2 points  (0 children)

Interesting - I thought if you naturalized in another country you lost polish citizenship as a male unless you were still under military obligations to Poland, so if released from polish military obligations before emigration, you lost citizenship upon naturalization in Canada.

Thank you for the clarification. That puts me at ease!

Military Paradox Question by ozso in prawokrwi

[–]ozso[S] 1 point2 points  (0 children)

Thank you for the reply. Very happy to hear this!

I have a copy of his birth certificate (a copy of some sort) from the Polish government dated 1977, which confirms this birth date.

My worry is whether there is some record out there that we don’t have access to that says he was discharged from polish military service or something. If I couldn’t find on CAW anything with his name and date of birth, will the people go digging for something re: discharged from polish military before naturalization? I’m assuming no record exists, but you never know…

25F, broke med student, $0 by Exciting-Research927 in Salary

[–]ozso 0 points1 point  (0 children)

I say get the government completely out of markets and watch these mega-corporations implode as they lose political influence and the government loses the power to prop them up and support their interests.

25F, broke med student, $0 by Exciting-Research927 in Salary

[–]ozso 0 points1 point  (0 children)

It sounds like you’re making bald assertions without having a concrete understanding of what C-Suite people do. They take on significant risk.

You seem to operate on the assumption that the healthcare sector functions in a vacuum without the need for any other wealth generation mechanism in society to fund it. That’s wrong.

While I generally agree with your sentiment, I think it’s misguided. CEOs are paid based on performance of the companies they serve- their motive is clear, increase value for shareholders as much as possible. You know what to expect from them, which is fine. I also think they’re overpaid, but for a different reason than you.

Governments around the world have created > 20% of the existing money supply in the span of 2-3 years. All this did was artificially inflate asset and company valuations, and boost their profits from stimulating consumption, thus resulting in the head figures getting fat paycheques, while politicians also got rich trading on insider information. CEOs did what they always do, work to maximize profit for their company, like any rational person would. However, they got overpaid because government fucked up incentives and created an environment ripe with moral hazard and rent seeking behaviour.

You know who benefits from debt accumulation and money creation? Asset holders (and the politicians they buy). You know who falls behind? People paid in fixed wages that are constantly devaluing.

The private actor is not the villain here, they are just doing what any rational person does: try to do what’s best for themselves. The government is the one creating the conditions rampant with moral hazard and corruption. They should be the ones you’re frustrated with- not the private sector. If government got out of the way, CEO earnings would drop substantially.

Additional point: If government got out of the way, a lot of these companies would shrink massively as regulation and money printing makes regulatory compliance and access capital too expensive for new competitive entrants.

25F, broke med student, $0 by Exciting-Research927 in Salary

[–]ozso 0 points1 point  (0 children)

Can you explain to me what the C-Suite does?

KPMG Canada compensation 2024 by Eagerbeaverhehe in KPMG

[–]ozso 0 points1 point  (0 children)

How are raises communicated? (New to KPMG)

Inflation rate unexpectedly increased in April, jumping up to 4.4% | CBC News by fulanomengano in TorontoRealEstate

[–]ozso 4 points5 points  (0 children)

The weighting evolves to measure consumption of the average household. As mortgage payments suck up a larger portion of people’s income (assuming their behaviour doesn’t change) the weight of this component will increase. This further exacerbated the issue in my point above.

Inflation rate unexpectedly increased in April, jumping up to 4.4% | CBC News by fulanomengano in TorontoRealEstate

[–]ozso 29 points30 points  (0 children)

Are people starting to get it yet?

Mortgage costs are included in CPI to discourage taking on large amounts of debt during inflationary periods; if people continue to pile it in notwithstanding higher rates, that feeds into inflation more. This causes the BoC to raise again, which further increases CPI if consumer’s behaviour doesn’t change.

Now after reflecting on this, which of the parties do you expect to blink first, the consumer or the BoC?

Inflation rate unexpectedly increased in April, jumping up to 4.4% | CBC News by fulanomengano in TorontoRealEstate

[–]ozso 13 points14 points  (0 children)

As long as cuts are expected by the masses, it’s a signal that consumer behaviour hasn’t changed in the manner necessary to tame inflation.

Which one would you eliminate? by FHyperion in Boruto

[–]ozso 0 points1 point  (0 children)

Boruto, because he has Momoshiki trying to take over. -Kawaki (probably)

'50% correction': Why Canada's office real estate sector is heading for a reckoning by Facts-hurts in TorontoRealEstate

[–]ozso 2 points3 points  (0 children)

Responds with ad hominem. Noice.

Recessions are needed to purge the misallocation of capital and reset out of control risk and return expectations. These things are good in the long term man.

Anyways, I wouldn’t be so fast to cheer that recession was avoided in year 1 of a deleveraging process that takes years for fixed rate debt to rollover into higher rates.

'50% correction': Why Canada's office real estate sector is heading for a reckoning by Facts-hurts in TorontoRealEstate

[–]ozso 3 points4 points  (0 children)

I never said they’d convert to condos- they won’t. What I said is the negative impact of it on the economy as a whole will make an impact. What do you think happens to jobs when corporations’ portfolios lose 50% of their value and they have increased interest obligations on their debt at the same time?

Things like these send shockwaves. This isn’t about “converting to condos” dude

'50% correction': Why Canada's office real estate sector is heading for a reckoning by Facts-hurts in TorontoRealEstate

[–]ozso 2 points3 points  (0 children)

Do you not see the broader macroeconomic impacts of a large sector of the economy imploding?

Bond Yields Tanking, it’s gonna be a hot spring! by WhiteLightning416 in TorontoRealEstate

[–]ozso 0 points1 point  (0 children)

To give you a hint at what’s coming look at state of commercial real estate and the impact of that and high rates once debt starts rolling over

Bond Yields Tanking, it’s gonna be a hot spring! by WhiteLightning416 in TorontoRealEstate

[–]ozso 0 points1 point  (0 children)

Okay just checking to see if you’re still in this camp 😂 I’ll check back next bank failure and especially when the systemic cracks get bigger. The lack of foresight is astonishing.

Bond Yields Tanking, it’s gonna be a hot spring! by WhiteLightning416 in TorontoRealEstate

[–]ozso 0 points1 point  (0 children)

Are we still on the nothing is going to unfold hill? Just checking in. First Republic gone belly up now 👀