Canadian Economy.....your thoughts

[R_Ethug]

Re: Canadian Economy.....your thoughts

LOL i agree andrew.. last night on the news most canadians in surveys thought the auto bailout was a joke and everyone was mad about wages..

IMO the NA car makers need to stick to making SUVs and trucks.. maybe try and go green with cars like the volt.. but nobody wants a freaking sunfire!!!! why would you buy that POS when a civic or corolla is 10x more reliable

anyways back to the economy

anyone read that apparantly next year AB will have a deficit?????? UMMMM HOW THE FARK when we've had 40-50Bil surplusses the last 4-5 years in a row!!! where the hell did the money go!?

[GeraldK]

Re: Canadian Economy.....your thoughts

anyone read that apparantly next year AB will have a deficit?????? UMMMM HOW THE FARK when we've had 40-50Bil surplusses the last 4-5 years in a row!!! where the hell did the money go!?

It's not that the money has disappeared. Having a deficit just means that next years planned budget spending is larger than the amount of money coming in for the year.

[Kor]

Re: Canadian Economy.....your thoughts

It's not that the money has disappeared. Having a deficit just means that next years planned budget spending is larger than the amount of money coming in for the year.

Agree debt != deficit

[R_Ethug]

Re: Canadian Economy.....your thoughts

ahh that makes sense.. truthfully if the money goes towards fixing the roads and using it for good then i'm good with that


cough.. govt legalize pot and tax the crap out of it.. money issues solved lol

[James]

Re: Canadian Economy.....your thoughts

cough.. govt legalize pot and tax the crap out of it.. money issues solved lol

THATS the kind of forward thinking this great nation needs!..It would in turn infulence the economy because cheeseburgers, dorittos and slurpees would be 100x in demand

[Tuna]

Re: Canadian Economy.....your thoughts

It's not just the big 3, Toyota is also posting a loss.

Also, Domestics have had great profit margins at times so the "0 profit margin" isn't entirely accurate. I was reading a WIRED article a year or 2 ago that stated the Yukon had about a 40% markup in it's prime, pretty good if you ask me.

Someone told me today Analysts are stating now that oil may go down to $20 a barrel? Kind of seems to me that now they are understating so they can buy back in, pretty frustrating.

[NeonGTI]

Re: Canadian Economy.....your thoughts

Meh. Screw analysts; they are half the problem. Whomever says what the market sentiment wants to believe is rallied around and then sadly they tend to make it come true regardless of fundamentals. There has been a $20/bbl guy around since well before the $147/bbl days. It is only being given credibility now because of the rapid downturn.

February spot futures are trading at $50/bbl and some march contracts are going for $80 (of course there are a few wingnuts selling contracts for $20, but they are few). The company I work for has 60% of its production for 2009 pre-sold for around $90/bbl.

I'm with those who are scratching their heads wondering if the worlds production engines really did just 'switch off' or if this is the pendulum swinging back the other direction. I vote for the latter.

[Tuna]

Re: Canadian Economy.....your thoughts

Yea, what I meant was it's frustrating that guys can go around saying the future price of something will be this, then when enough people say it, it becomes reality. It's nice having the break at the pumps but A lot of people rely on a decent price for a barrel of oil.

[RONDAL]

Re: Canadian Economy.....your thoughts

thats what speculators do. thank god a lot of them have been run out of the market with the collapse of the i-banks. fucking goldman sachs and CIBC were the two biggest culprits of the self fulfilling prophecy idea.

I said it two months ago to my roommate, oil will hit $35 before it hits $100 again. This is just the pendulum swining a little too far, it will rebound. The buildup of crude stocks and the countless statistics coming in showing how bad the decline really is around the world has really hit harder than was expected and has forced forecasts lower than was previously thought.

I still think fundamentals are in the high 60's to low $70 range even given the horrid numbers we have seen. it also wouldn't surprise me for OPEC to meet again before March (next scheduled meeting) and announce more cuts if prices continue to fall

[VAG_Tech]

Re: Canadian Economy.....your thoughts

All I know is as long as you people drive your cars, I'll still have cash in my pockets.

[RONDAL]

Re: Canadian Economy.....your thoughts

you might not earn what you did before though......

[VAG_Tech]

Re: Canadian Economy.....your thoughts

[QUOTE=RONDAL;160408]you might not earn what you did before though..

Could be a possibility, But I really have no worries about loosing my job like some of the white collars I know. I can always pick up an ohmmeter or a wrench and make money.

[Duby T]

Re: Canadian Economy.....your thoughts

A friend of mine here in Edmonton is in real estate and he told me to wait for a few more months before I consider buying a house. He told me that prices are good, but he says prices will continue to drop even more. This is bad news for my fiances sister because her and her boyfriend bought a $350,000 condo during the boom and it is currently worth $260,000.

If I was interested in purchasing some higher end wheels, would you guys recommend I buy now? or should I wait a little longer and hope for the dollar to go up?

If I buy now, I end up paying a significant amount extra due to the currency exchange....but I'm worried it will get worse before the summer.

[nordex]

Re: Canadian Economy.....your thoughts

A friend of mine here in Edmonton is in real estate and he told me to wait for a few more months before I consider buying a house. He told me that prices are good, but he says prices will continue to drop even more. This is bad news for my fiances sister because her and her boyfriend bought a $350,000 condo during the boom and it is currently worth $260,000.

If I was interested in purchasing some higher end wheels, would you guys recommend I buy now? or should I wait a little longer and hope for the dollar to go up?

If I buy now, I end up paying a significant amount extra due to the currency exchange....but I'm worried it will get worse before the summer.

You now have a fiancee?

[VWSM]

Re: Canadian Economy.....your thoughts

if your buying out of country your just contributing to the problem.
Support Canada.
and bring home the troops and lets burn the whitehouse down again..1812 was a good year.

gotta love early morning babble.