Author Topic: The Canada Bubble (?)  (Read 2846 times)

randomep

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Re: The Canada Bubble (?)
« Reply #10 on: April 20, 2017, 02:40:24 PM »

What do you mean we create nothing????  We make tar sand oil, maple syrup, to name a few things


 :P

rb

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Re: The Canada Bubble (?)
« Reply #11 on: April 20, 2017, 03:04:26 PM »
Actually Canada is an advanced and diversified economy. We're a bit more heavy on resources than out peer group. But resources are nowhere close to the level that some people are thinking.

Housing and related activity (renting, relators, leasing, financing) is running a couple of points of GDP ahead of where it should be but that's nothing that some painful re-balancing won't take care of. The TSX is a different beast since the TSX is not a fair representation of the Canadian economy.

While I'm not fond of the corner we've backed ourselves into we'll be just fine in end.

dyow

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Re: The Canada Bubble (?)
« Reply #12 on: April 20, 2017, 03:07:08 PM »

What do you mean we create nothing????  We make tar sand oil, maple syrup, to name a few things


 :P

and bubbles....dirty oil, tree juice, and bubbles......

SharperDingaan

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Re: The Canada Bubble (?)
« Reply #13 on: April 20, 2017, 03:20:44 PM »
Never forget the $C is a petro-currency; relative to other currencies there will be repeating periods when the $C is very strong, especially when that other country is also having to import oil. Use it.

Never forget that Canada is a highly desirable place, & so is the Canadian passport.
Lots of space, opportunities, more open approach to the world, etc. - & for the most part protected from Europe's mass waves of refugees. Oceans to cross, & the US border, are quite some deterrents; mass immigration is highly desirable, but largely controllable. Hence, hard to see how most assets don't steadily appreciate over time.

Trump nation. Canada is full of very smart global standard entrepreneurs, but plagued with small minded & not so smart industrial policy; the more protectionist US and global trade becomes, the more pressure to smarten up that unsustainable industrial policy - & unleash that talent. And all magnified if the best and brightest of the world can't enter the US because they have the wrong sounding name or skin color.

Global warming. Like it or the not the North West Passage is opening, growing zones are moving northwards, northern hydro/mineral resources are increasingly becoming more accessable, and tar sands layers are increasingly becoming open to carbon sequesture - similar to Shell's North Sea 'Goldeneye' facility. The North West passage alone is akin to having both the Panama and the Suez Canals working for you - as there is little restriction on the size of the transiting ship.

From the multi-generational viewpoint, the place is looking pretty damn good.
All you have to do is transplant your new generation here; if they subsequently start a family - so much the better.

SD
 
« Last Edit: April 20, 2017, 03:31:04 PM by SharperDingaan »

rukawa

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Re: The Canada Bubble (?)
« Reply #14 on: April 20, 2017, 10:14:17 PM »
What do you mean we create nothing????  We make tar sand oil, maple syrup, to name a few things
 :P

I'm Canadian and I have worked in financial services. My cousin is a IT consultant at Deloitte. My friend does User Experience Design. I recently met a couple that worked as chemists in the pharmaceutical industry in Brampton where they told me there are a tonne of companies.

I think most people's economic ideas are based on 19th century Mercantilism. Essentially the idea is that an economy is only a REAL ECONOMY if its trading actual physical things for Gold (in our case its now dollars) and whoever amasses the most Gold is the strongest best economy. Its a very zero sum competitive form of thinking. But its the folk economics that a lot of people actually believe in.

Thus China is a real economy because they make stuff and amass dollars. I once argued with an extremely intelligent person about this point. I asked, the question, about the whole world. The whole world effectively trades with no one and amasses zero IOUs with anyone else. This will continue to be the case until we encounter extraterrestrial life. Yet if your measure of economic strength is amassing IOUs through trade by selling stuff you make with other people...then on this measure the World as a Whole has no economic strength whatsoever.

He basically refused to accept the point. I guess I understand to some extent. In the past the most powerful countries typically made stuff: Germany, Britain and US all rose to prominence as manufacturing powerhouses with big trade surpluses. However, I think that the economic powerhouses of the future will not be making stuff and trading it. In fact I think the poorest and weakest economies will be doing this. Countries like China have already realized this.
« Last Edit: April 20, 2017, 10:18:23 PM by rukawa »

Aberhound

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Re: The Canada Bubble (?)
« Reply #15 on: April 24, 2017, 06:25:44 PM »
Never forget the $C is a petro-currency; relative to other currencies there will be repeating periods when the $C is very strong, especially when that other country is also having to import oil. Use it.

Never forget that Canada is a highly desirable place, & so is the Canadian passport.
Lots of space, opportunities, more open approach to the world, etc. - & for the most part protected from Europe's mass waves of refugees. Oceans to cross, & the US border, are quite some deterrents; mass immigration is highly desirable, but largely controllable. Hence, hard to see how most assets don't steadily appreciate over time.

Trump nation. Canada is full of very smart global standard entrepreneurs, but plagued with small minded & not so smart industrial policy; the more protectionist US and global trade becomes, the more pressure to smarten up that unsustainable industrial policy - & unleash that talent. And all magnified if the best and brightest of the world can't enter the US because they have the wrong sounding name or skin color.

Global warming. Like it or the not the North West Passage is opening, growing zones are moving northwards, northern hydro/mineral resources are increasingly becoming more accessable, and tar sands layers are increasingly becoming open to carbon sequesture - similar to Shell's North Sea 'Goldeneye' facility. The North West passage alone is akin to having both the Panama and the Suez Canals working for you - as there is little restriction on the size of the transiting ship.

From the multi-generational viewpoint, the place is looking pretty damn good.
All you have to do is transplant your new generation here; if they subsequently start a family - so much the better.

SD
 

In addition to these factors I would add some very obscure additional reasons I have come across.

Montreal is supposedly the North American capital to be so I don't think the boom has finished, especially in Montreal.

Curiously, only Montreal (of the major Canadian cities) aligns with the Great Lakes Pentacle likely surveyed by the so called Gods (as opposed to the giants in the mythical war between gods and giants at the end of the last age). All I can say is that whomever settled Canada in one of the previous ages were good at math, geometry and mapping and they likely left these mounds and alignments to stake their claim to the territory. As to whom the descendants of these Gods are we will have to wait for the release of the records left from previous ages. Anyone who does not have exceptional math skills and the ability to detect the earth grid subtle energies and who do not choose to live closer to the north pole probably is not a descendant. These subtle energies increase as you move north and are greater in the winter during spiritual summer (the real reason Christmas is on December 25th). Now that the subtle energies are strong enough again to create visible plasma in the aurora those who are so attuned may want to move north again onto one of these locations and learn why their ancestors cared about such things.

https://youtu.be/haKXWcM3DfI?t=753