Trudeau has to go?

[suntan]

Let's see how high the prime rate can go. Probably not Russian-crisis-150% levels, but I'm going to say 20%.

[revelations]

Former PM Harper has a discussion about:

Commodities Markets, Sovereign Debt Crisis, Digital Currencies

https://www.youtube.com/watch?v=HAKetLKjCP8


We get the federal government Ontario/QC deserves.

[JohnnyHockey13]

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Let's see how high the prime rate can go. Probably not Russian-crisis-150% levels, but I'm going to say 20%.

I'm genuinely curious if this is a real possibility right now...an economics majors want to chime in?

[Kjonus]

People need to wake up. Add this to the list of shady business Trudope has done with our tax money. ��

https://financialpost.com/diane-fran...TTkSjp7Fb7opCw

[ragu]

Is there any country out there that has added more debt per capita to fight the pandemic? We’ve mounted on $1.5 trillion of debt and have nothing to show for it: 1) the slowest vaccination roll out amongst all developed nations (US vaccinations > Canadian population)
2) no economic recovery plan and 3) looming wealth tax...

[Tik-Tok]

Total debt, yes, but against gdp, nope. Not only has our government buried us, but our personal debt has skyrocketed as well.

[suntan]

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I'm genuinely curious if this is a real possibility right now...an economics majors want to chime in?

I just have a finance degree I know nothing.

[revelations]

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Total debt, yes, but against gdp, nope. Not only has our government buried us, but our personal debt has skyrocketed as well.

Holy jesus fuck - how does Australia, which is often compared to Canada, end up completely opposite?

[Tik-Tok]

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Holy jesus fuck - how does Australia, which is often compared to Canada, end up completely opposite?

I would guess that CERB either didn't help enough, or did the opposite and actively encouraged people to spend more. Government supplied down-payment on a new lifted Ram! Yolo!

[ExtraSlow]

Cerb clearly wasnt large enough.

[Cagare]

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I would guess that CERB either didn't help enough, or did the opposite and actively encouraged people to spend more. Government supplied down-payment on a new lifted Ram! Yolo!

If you do the math on the repayment they are requesting from 441,000 people you are talking in the $6-8 Billion range of spend there. I assume that they will forgive anyone repayment on that. That's assuming they caught everyone.

That doesn't even appear to be the worst mistake made in the pandemic. They throw around Billions of dollars like it doesn't matter anymore, and no one seems to bat an eye on it. This is insane.

[suntan]

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If you do the math on the repayment they are requesting from 441,000 people you are talking in the $6-8 Billion range of spend there. I assume that they will forgive anyone repayment on that. That's assuming they caught everyone.

That doesn't even appear to be the worst mistake made in the pandemic. They throw around Billions of dollars like it doesn't matter anymore, and no one seems to bat an eye on it. This is insane.

A lot of people that know Trudeau made a lot of money from the gov't. Just not you or me.

[kertejud2]

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Holy jesus fuck - how does Australia, which is often compared to Canada, end up completely opposite?

Australia started off a lot worse. Only Switzerland has a higher household debt-to-GDP.

https://tradingeconomics.com/canada/...ds-debt-to-gdp

https://tradingeconomics.com/austral...ds-debt-to-gdp

Canada is high (top 5) and was holding steady for a while, but dipping into tax free growth accounts might not be the best solution, if that is what brought Australia's down.

[nicknolte]

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Total debt, yes, but against gdp, nope. Not only has our government buried us, but our personal debt has skyrocketed as well.

...bUt We'Re dOiNg BeTtEr ThAn ThOsE sTuPiD aMeRiCaNs

[ragu]

In all this relative to GDP factors, the math is F'd. It assumes Canada's GDP of past will look like that of future (we have no economic growth and our CERB programs have created a path to universal programs) and US GDP power is next level. How long till we become Greece? I doubt liberals/ ndp are going anywhere because politicians have convinced Canadians that curfew is smart...


Another factor in that graph would be say, pro-rate Norway's deaths to us - we lost 5x the lives. So what did we get for all this spend?

[Misterman]

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I'm genuinely curious if this is a real possibility right now...an economics majors want to chime in?

It's more of an inevitability than a possibility. You can't print money like that and never expect to pay the consequences.

[Buster]

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I'm genuinely curious if this is a real possibility right now...an economics majors want to chime in?

doubtful. Canada has to maintain loose monetary policy in order to pay its own debts. More likely this all just squirts out as inflation/stagflation for a long period of time. MMT implies that we have to significantly raise income taxes during the good times to control growth, rather than raise rates.

Welcome to countries run by retards.

[Cagare]

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MMT implies that we have to significantly raise income taxes during the good times to control growth, rather than raise rates.

[Buster]

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I'm not agreeing with it... But this seems to be the path that had been chosen.

[Cagare]

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I'm not agreeing with it... But this seems to be the path that had been chosen.

I never thought you were agreeing, but the idea of raising taxes to control growth is hilariously insane.