Calgary Unemployment: 9.5%

[Sugarphreak]

...

[rx7_turbo2]

A needless tax and a minimum wage hike, that'll get us out of this

[ExtraSlow]

Actual employment is much worse than those figures show since self-employed contractors and business owners aren't included.

Underemployment is huge too. I personally know contractors/consultants who are still working, but 1/4 of the hours of previous years.

[CompletelyNumb]

^ Doesn't factor in wage cuts for full-time workers either. Our staff hands lost their entire salary and took a big pay cut. Still happily employed according to stats. (Consultants took a 50% pay cut)

[Masked Bandit]

Don't worry guys, the NDP will save the province. They have a rich history of excellence during tough economic times.

[That.Guy.S30]

^ squeezing blood from a stone?

[Sugarphreak]

...

[ZenOps]

All we need to do is convince the US to pay back its $20 Trillion debt in twenty five years or so instead of a hundred.

Of course I say that just because I figure that's the amount of time that it would be useful to me.

Oil value is not based on production, its heavily weighted to consumption. Produce more and its detrimental to value. Convincing people to consume more (like a $100,000 cellphone bill) is what is driving the economy. As completely morally wrong as it is.

[J-hop]

Originally posted by ZenOps


....
Oil value is not based on production....

What do you mean by this? OPEC can pretty much do whatever they want to the price of oil with the turn of a tap....

[ZenOps]

You can lead a horse to water but you can't force him to drink.

Up until now, its generally been assumed that the US will burn as much oil as we can ship to them. Such has been true for most of the consumption period of the US, they will consume oil to fuel ever greater debtloads.

But:

Assume that the US is shrinking and consuming less, through no fault of any one particular reason. Also assume that they are having difficulty creating real finished goods that people will buy. Add to that, they may be pushing to reduce debt and not go to near $100 Trillion debt in the next couple decades.

Price is irrelevant if no one wants to buy it. A $200 steak dinner is irrelevant if there is no one willing to buy it. A $150 million painting is irrelevant if no one is willing to buy it.

So far, people have been willing to buy... But that could very well change based on who becomes president. Not only am I unwilling to buy from the US, I could very well be unwilling to sell to the US. Seriously, can you trust a guy who went 900 million dollars in debt buying up and failing to revive Casinos? I think you'd be better off investing with Al Capone, morally speaking there is no difference.