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

[foragefarmer]

Thank you for posting this forage. You're not alone in confusing inflation with return on investment.

AB5, you use what ever terminology you want, who cares.

We all know how Tweety, and another poster exposed how confused you were at explaining your rational in missing investment opportunities. In fact you needed government money to carry on

[AlbertaFarmer5]

Forage, you seem to have good handle on economics. The thread is about economic productivity of canada. Can you explain how a housing bubble is contributing to Canada's economic productivity?
Are we exporting houses therefore contributing directly to our actual useful GDP?
Are we using these houses to value add another product which we then export?
Are we attracting foreign Capital to build these houses, and somehow leveraging that into actual economic growth?
Or is the housing bubble a black hole which sucks in all of the scarce Capital which our Capital intensive industries so desperately need to increase productivity, driving up borrowing costs and ensuring that the average homeowner has no Capital left to invest?
When the housing bubble inevitably pops, will that contribute to our economic productivity?
I have thoroughly enjoyed watching my land values increase almost 10 fold since I started buying. How does that increase my productivity? Do you think my land is now 10 times more productive? Or has the value of the Canadian dollar declined by that much compared to tangible assets?
I'm just confused as to why you consider this to be relevant to a thread about economic productivity.

[cropgrower]

Its all great fun until it comes crashing down , seen that happen in ireland back in 2008 , all property dropped to near half pretty much over night ,land is still not back up up to the prices per acre that were being paid pre 08 , they said oh it will never drop , must buy cant loose ! very likely same will happen here in canada

[furrowtickler]

AB5, you use what ever terminology you want, who cares.

We all know how Tweety, and another poster exposed how confused you were at explaining your rational in missing investment opportunities. In fact you needed government money to carry on

You mean Tweety the imposter that pretended to be a farmer ? That tweety ?

[furrowtickler]

Ya nothing like those who have no clue on day to day farming wagging their finger at those of us that live it daily , lol

[AlbertaFarmer5]

Still laughing about the headline Chuck chose for this thread. About the most backhanded compliment you could offer, except for maybe when Chuck's only fan told him he's not the worst poster on Agriville. Talk about mental gymnastics to try to paint a Rosy picture of a disaster.
Which left me wondering, I wonder if Chuck is this much of a romantic when complementing his or her husband/wife?
Comes home after a hard day of trolling and after unveiling a long laundry list of faults the spouse exhibits, only finishes off with a compliment that he/she could have done worse in choosing a spouse.

[chuckChuck]

Try to keep up A5, it wasn't my headline!

It was a headline in an opinion article in the Globe and Mail from Peter Philips at the University of Saskatchewan.

You and the usual suspects still haven't explained why the very profitable oil industry need significant public subsidies and incentives. Why are consumers and taxpayers propping up an industry that extracts excess profits from consumers and doesn't pay for cleaning up their messes?

Not only that, according to Loertscher and Pujolas the oil industry is a drag on our productivity.

During the drilling boom prior to 2014 the oil industry drove up inflation, inflating house prices and labour costs and the canadian dollar which costs other exporters lost markets and revenues. And of course the boom crashed as the Chinese economy and oil demand slowed down. It all happened while Harper was in power so it must have been his fault?

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

"Let’s start with productivity. Oliver Loertscher and Pau Pujolas, professors at McMaster University, have done a deep dive into productivity growth and concluded that its observed stagnation in Canada in the past 20 years is almost entirely because of the oil industry. When they netted out the oil components of the economy and looked at productivity in the rest of the economy, they found it rose at about the same rate as in the past and compared with the U.S."
?

Peter W.B. Phillips
Special to The Globe and Mail
Published Yesterday

Peter W.B. Phillips is distinguished university professor emeritus at the University of Saskatchewan’s Johnson Shoyama Graduate School of Public Policy.


?

[jazz]

I think when we get a chance to open the books on the country after Trudeau is gone, we are going to see a country that was totally fleeced for every virtue signaling cause to buy votes while its been hands off on the economic levers.

I have been watching the spending announcements for yrs, the big press conf ones and the little often not so public ones. We are way further in debt than we can imagine and without the economy to match. The spending announcements for just native groups has to be in the hundreds of billions since Trudeau came to office.

On top of that, the CPP is likely insolvent. Canadians are in for a rude awakening. At this point why would PP even want to take over this country. Maybe let Trudeau win again and rip the Frankenstein monster apart and be done with it.

[cropgrower]

Very sad what has happened to this once great country

[shtferbrains]

The two focus points to buy woke votes: