Despite its shortcomings, Canada is not an economic basket case​

[jazz]

Thank you Forage for actually responding. I will address the question to jazz instead..

The coming commodity supercyle is 3 fold;

1. its the most under invested sector in the world right now
2. its the next bottleneck for the tech run. If the world is going to be AI, Data, robots etc, going to need a lot more energy and related inputs.
3. with the debt levels in the world, a reckoning will come in the next 5 yrs. Commodities are a re-anchor of fiat to hard assets, just like the BRICS are trying to do. Nobody will take unbacked paper in the future.

I slept through econ 101. Probably a good thing. I might have ended up like my dusty prof who sat in a windowless office for 30 yrs.

[AlbertaFarmer5]

Forage, where are you investing your excess profits these days? With stock markets at record highs and extreme valuations. Real estate affordability at record lows. Generational low interest rates fully in the rearview mirror. Commodities almost record lows relative to equities, etc. You successfully rode the real estate market all the way up, bought stocks at the major panic lows, and sold your wheat at the very top after storing it for years. Where to now?

[sumdumguy]

National Post this morning : Jobless rate passes 6.4% and the youth jobless rate has never been this high. Does this remind you of Saskatchewan during the NDP era? Our young and ambitious had to move to Alberta to find work because the NDP locking in oil and discouraging technological advances. Today Trudeau has thrown open the door to immigrants of all stripes while our economy is in decline, housing and health care unable to keep up. The world is watching, laughing and waiting for Canada’s next move. Trudeau is so out of it, he is pompously dragging an unbelievable naturally - endowed nation into the toilet. How long will it take for Canadians to revolt if an election isn’t forced soon?

[chuckChuck]

Interest rate increases and the end of low cost borrowing are starting to impact the job market.

Once PP starts cutting everything, unemployment will rise to much higher levels.

The cost of everything will still be high and many more people will be out of jobs.

PP will be a big disappointment for many people.

But I am sure he will keep blaming Trudeau for all the inflation that every country is experiencing.

[furrowtickler]

The only jobs lost will be the thousands of useless government ones that the liberals created out of thin air that are simply a burden to taxpayers

[fjlip]

Great! Cancel those on Gov T I T! Maybe CC will not get paid for posts?

[jazz]

I am sure flooding the country with 4m low skilled and no skilled people is sure to help. All those new uber drivers and door dashers are certainly going to raise our productivity some day, right.

Little tip for chuck. Canadas productive and GDPpc will never rise until we put some serious push behind our main economy drivers. O&G, Ag, Mining etc.

[WiltonRanch]

Great! Cancel those on Gov T I T! Maybe CC will not get paid for posts?

My thoughts too. Though methinks he don’t need money to spew batshit crazy rhetoric.

[chuckChuck]

You must have missed the research that said the oil and gas industry is dragging down our productivity. I can repost it if you want?

[sumdumguy]

You can save it Chuck. It’s probably non-renewable. ????