6 consecutive quarters of declining GDP per capita. Yeah. We are in a recession. If I ran my household finances the way the Liberals run government. I would be homeless.
The debt itself doesn't need to go down and political insistence that it do so is definitely so risky that people should learn the consequences (please!). But there is a concern that few of my friends' parents OWN that debt. New debt is easily sustainable, but if it's not owned by the citizenry then there's a systemic concern.
@@zachweyrauch2988 I look at my grandparents and how much debt they had (summed) when my parents were born. And now I look at my entire family and the amount of debt we have (summed). It's a larger number. So, our family's debt has grown over two generations. It's very easy for that growing debt burden to be wise and sustainable and also easy for it to not be. The fact itself that it has grown is not a very strong indicator of whether it was good debt growth or not.
@@anthonyjk im living in the deficit my grandparents and parents ignored. I'm not making children. The boomers own this, and most of them can't even understand that much.
no amount of interest drop can offset the devastation caused by trudeau. I went to renew my driver license yesterday in Burnaby BC, the entire ICBC center was filled with east indians, middle easterner wrapped in burkas, and muscular african men. Not a single Caucasian or even Asian in sight. The burden on real Canadians to support these people is unimaginable.
@@XMG3 honestly, it's pretty easy to calculate. But it's also something to get used to, because until an economy figures out how to grow with the dropping birthright, the majority of immigrants are going to come from regions that have excess population
@@qjsharing2408 It’s often the case that signs of economic struggles in Canada aren’t always immediately visible in the headlines. Factors like high household debt, rising cost of living, stagnant wages, and the struggles of small businesses can point towards underlying economic challenges. When these pressures build up, the effects often manifest gradually, making it harder to notice the full extent of the crisis until it's too late. Historically, Canada tends to downplay early signs of economic distress, only addressing major impacts after they've worsened. We’ve seen this happen before-slow responses to rising inflation, increased housing affordability issues, and a weakening job market. By the time these issues become widely recognized, the impact on everyday Canadians has already taken a toll on their quality of life and financial stability. So yes Canada is already on a state of depression it's just not making headlines like it should...
@@qjsharing2408 rapidly declining GDP, soaring inflation, and more and more homeless. Are those signs of a great economy? Just wait until the tariffs come into place, you guys are fucked.
@@zachweyrauch2988So, I suppose Rajesh from India or Chukwuemeka from Nigeria who hasn't been born yet and is still in their mother's womb, with their parents dreaming of sending their unborn child to Canada for a better life.
It definitely feels weird. Anecdotal, but the worried people I know aren't trimming leisure activities and are using them as an emotional salve. That said, all of my social circle that does annual vacations took them this year.
@tommclaren812 this group? They feel like they can afford them. Remember that even though people hold a mortgage debt, we also have savings in the financial markets. So if you earn enough to save, and your portfolio has grown in addition, you feel like your current budgeting is reasonable
@qjsharing2408 ya as long as that's the case with these individuals. The BOC is telling a different story, though, that the average household debt is 170% of salary and rising. People, for the most part, are not living within their means and are consuming far too much and making the bubble worse. Add on the declining economy, and it could be a recipe for disaster. The government can't run a budget so I suppose it's asking alot to have families do the same.
I think it's also a function of two-tier economic conditions. People with net savings were bailed out the last two disruptions (GFC and Covid). People without net savings are engaging in the very worrisome behaviour of not trimming leisure goods ahead of time. Remember, your spending is my income, so *which* leisure goods people trim is very important! I think 3% deficits are quite reasonable, tbh. I know they're not politically popular and people would rather have slower growth and higher unemployment than deficits, but ehn.
No worries. More stimmy checks are on the way.. but the question is, who will pay this bill? Many Canadians can't afford childcare. So, I suppose Rajesh from India or Chukwuemeka from Nigeria who hasn't been born yet and is still in their mother's womb, with their parents dreaming of sending their unborn child to Canada for a better life.
“Per capita “ GDP is falling because so many people in Canada are retirees and so many young people are addicted to drugs so a huge chunk of the workforce is on the sidelines. Falling birthrates are the reason Canada needs immigration. This guy is a toddler all up in his feelings
In Canada the biggestnproblem is mortgage income document fraud which created high real estate value and high debt. How were thkse mortgages given on fraud documents that's what we need to ask the leaders
A ) Canadian banks do all kinds of Business in the the US , what is he talking about ? B ) The Canadian energy dividend stocks are trending down TRP , FTS , CNQ, SU all downward. I sense this guys is just pumping his positions. I fear he is 100 % wrong about Canadian energy and recourses. C ) He is correct on telecom though, but 1 out of three ain't good.
3 quarters of decline in GDP is a recession any more is a depression WHEN DID THIS EVER CHANGE it didnt the money guys are lying to you hope this guy has to jump out a window because of it how is that 11% plus unemployment in TO going getting closer to that 19% from the great depression
!!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
6 consecutive quarters of declining GDP per capita. Yeah. We are in a recession. If I ran my household finances the way the Liberals run government. I would be homeless.
And when cons learn a country isn't a household, I'll eat my hat😅
@@zachweyrauch2988so it’s okay to run a deficit that future generations will *never* be able to pay down?
The debt itself doesn't need to go down and political insistence that it do so is definitely so risky that people should learn the consequences (please!).
But there is a concern that few of my friends' parents OWN that debt. New debt is easily sustainable, but if it's not owned by the citizenry then there's a systemic concern.
@@zachweyrauch2988 I look at my grandparents and how much debt they had (summed) when my parents were born. And now I look at my entire family and the amount of debt we have (summed). It's a larger number. So, our family's debt has grown over two generations.
It's very easy for that growing debt burden to be wise and sustainable and also easy for it to not be. The fact itself that it has grown is not a very strong indicator of whether it was good debt growth or not.
@@anthonyjk im living in the deficit my grandparents and parents ignored. I'm not making children.
The boomers own this, and most of them can't even understand that much.
no amount of interest drop can offset the devastation caused by trudeau. I went to renew my driver license yesterday in Burnaby BC, the entire ICBC center was filled with east indians, middle easterner wrapped in burkas, and muscular african men. Not a single Caucasian or even Asian in sight. The burden on real Canadians to support these people is unimaginable.
🎯
@@XMG3 honestly, it's pretty easy to calculate. But it's also something to get used to, because until an economy figures out how to grow with the dropping birthright, the majority of immigrants are going to come from regions that have excess population
You know anyone that works in foreign mining. They're probably pretty wealthy from wrecking the nations those folks come from.
At least immigration has rapidly improved the food scene. We all have to eat. Still I agree with you.
Canada is close to depression
How so? What are your indicators?
@@qjsharing2408 It’s often the case that signs of economic struggles in Canada aren’t always immediately visible in the headlines. Factors like high household debt, rising cost of living, stagnant wages, and the struggles of small businesses can point towards underlying economic challenges. When these pressures build up, the effects often manifest gradually, making it harder to notice the full extent of the crisis until it's too late.
Historically, Canada tends to downplay early signs of economic distress, only addressing major impacts after they've worsened. We’ve seen this happen before-slow responses to rising inflation, increased housing affordability issues, and a weakening job market. By the time these issues become widely recognized, the impact on everyday Canadians has already taken a toll on their quality of life and financial stability. So yes Canada is already on a state of depression it's just not making headlines like it should...
@@qjsharing2408do you really need indicators to know it or are you just a robot
@@qjsharing2408per capita GDP has been in decline for 2 years
@@qjsharing2408 rapidly declining GDP, soaring inflation, and more and more homeless. Are those signs of a great economy? Just wait until the tariffs come into place, you guys are fucked.
For the last 3 years at least
More like bribing us with our grandchildren's money.
Whose? I ain't making kids for the boomers to leech off after I finally made a life to share my effort with whom I want.
@@zachweyrauch2988So, I suppose Rajesh from India or Chukwuemeka from Nigeria who hasn't been born yet and is still in their mother's womb, with their parents dreaming of sending their unborn child to Canada for a better life.
Canada has been in a recession for 2 years.
If you have to ask, the answer is yes.
Hell yeah. Try being a young graduate in this job market. It's hell on earth.
The republic of Canazuela has been in a recession for a while....
The recession is only "transitory" no worries lol
Yes, we're in recession like 6 quarters ago😂😂😂😂😂😂
I thought it was just a "bad vibe"?
It definitely feels weird. Anecdotal, but the worried people I know aren't trimming leisure activities and are using them as an emotional salve. That said, all of my social circle that does annual vacations took them this year.
@qjsharing2408 Yes, but can they afford them? Or are they putting everything on credit? Including Christmas expenses.
@tommclaren812 this group? They feel like they can afford them. Remember that even though people hold a mortgage debt, we also have savings in the financial markets. So if you earn enough to save, and your portfolio has grown in addition, you feel like your current budgeting is reasonable
@qjsharing2408 ya as long as that's the case with these individuals.
The BOC is telling a different story, though, that the average household debt is 170% of salary and rising.
People, for the most part, are not living within their means and are consuming far too much and making the bubble worse.
Add on the declining economy, and it could be a recipe for disaster.
The government can't run a budget so I suppose it's asking alot to have families do the same.
I think it's also a function of two-tier economic conditions. People with net savings were bailed out the last two disruptions (GFC and Covid). People without net savings are engaging in the very worrisome behaviour of not trimming leisure goods ahead of time.
Remember, your spending is my income, so *which* leisure goods people trim is very important!
I think 3% deficits are quite reasonable, tbh. I know they're not politically popular and people would rather have slower growth and higher unemployment than deficits, but ehn.
"Where do the savers go"
Thanks for actually acknowledging this
The highest inflation in my lifetime
And I am an old fogie
Yes. GDP per capita hasn’t changed in 10 years. We are becoming a second world economy.
No worries. More stimmy checks are on the way.. but the question is, who will pay this bill? Many Canadians can't afford childcare. So, I suppose Rajesh from India or Chukwuemeka from Nigeria who hasn't been born yet and is still in their mother's womb, with their parents dreaming of sending their unborn child to Canada for a better life.
“Per capita “ GDP is falling because so many people in Canada are retirees and so many young people are addicted to drugs so a huge chunk of the workforce is on the sidelines. Falling birthrates are the reason Canada needs immigration.
This guy is a toddler all up in his feelings
In Canada the biggestnproblem is mortgage income document fraud which created high real estate value and high debt. How were thkse mortgages given on fraud documents that's what we need to ask the leaders
Yes yes and more Yes.
This guest seems to have thought things through. 👍
"bribing us with our children's money" 👌
Welcome to 2023 bnn
A ) Canadian banks do all kinds of Business in the the US , what is he talking about ? B ) The Canadian energy dividend stocks are trending down TRP , FTS , CNQ, SU all downward.
I sense this guys is just pumping his positions. I fear he is 100 % wrong about Canadian energy and recourses. C ) He is correct on telecom though, but 1 out of three ain't good.
He seems pretty alarmist that's for sure
3 quarters of decline in GDP is a recession any more is a depression WHEN DID THIS EVER CHANGE it didnt the money guys are lying to you hope this guy has to jump out a window because of it how is that 11% plus unemployment in TO going getting closer to that 19% from the great depression
Not is but will be. Brace for landing.
We all know the answer to this question..... stop acting like children and playing games
buy bitcoin.
!!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?