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Rich in Quebec

Rich in Quebec
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  • Wall Street Breakfast: European Shares Sink As Oil Extends Slump [View article]
    Wyostocks - If you lead your life in fear of terror, then the terrorists have won. It still amazes me that Americans blithely accept the equivalent of ten 9/11's in gun deaths per year and shudder at the possibility of terror. The "cure" is disproportionate to the threat.
    Dec 12, 2014. 03:21 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: European Shares Sink As Oil Extends Slump [View article]
    a64h00 - The Republican roosters of 2012 have left a very high bar (or very low depending on your viewpoint) for primary battles. If Clinton is attacked from the Left, I expect it to be from someone like Bernie Sanders who would do so without any expectation of victory. That would expose issues, provide a warm-up for Clinton, lessen media attention to the Republican race, and leave the path open for someone like Senator Warren in 2020 should Clinton lose in 2016.
    Dec 12, 2014. 01:09 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: European Shares Sink As Oil Extends Slump [View article]
    Wyostocks - Canada has had ample opportunity to act stupidly. As an example, we did as the U.S. did following Pearl Harbor, and put Japanese Canadians in concentration camps (David Suzuki is likely the most famous resident of those camps). If anything, considering that Canada had already been involved in WWII against Germany for more than two years, Canadian over-reaction seems, in hindsight, even more stupid and racist than American action. Nevertheless, one would have hoped that 14 years after 9/11 that American xenophobia would have lessened by now and sanity returned.
    Dec 12, 2014. 12:59 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: European Shares Sink As Oil Extends Slump [View article]
    Deer - In the Thousand Islands area, the Coast Guard would be patrolling in canoes. Since 9/11, American paranoia has done much to ruin crossborder life that existed for generations.
    Dec 12, 2014. 12:19 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: European Shares Sink As Oil Extends Slump [View article]
    Thanks bk_h. Absolutely fascinating!. Views over periods of time are usually more enlightening than static snapshots.
    Dec 12, 2014. 12:07 PM | Likes Like |Link to Comment
  • Growth-Sapping Effect Of The Minimum Wage [View article]
    Green Oilman - As long as we're going to blame U.S. workers for their own plight, let me offer a counterproposition. There has been a movement against all aspects of the social safety net, including the existence of a minimum wage. Combine that with globalisation and we now have the specter of the world's richest living an undertaxed "first world" elite lifestyle wherever they live, while the vast majority of the world's population are attempting to compete with the poorest of the "third world".

    We should be happy that so many of the world's poor countries have grown so much over the past few decades. Anyone with a traditional moral view should be outraged that government in service to the financial elite has seen to it that the distribution of that wealth becomes increasingly skewed towards capital and against labor.
    Dec 12, 2014. 09:06 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: China Stocks Tumble Most Since 2009 [View article]
    Killer - Your previous post demonstrates how seriously we should take your judicial judgment. In asserting that the "entity" of the New Deal "was and is - unconstitutional", you have contradicted common sense as well as Supreme Courts in their diverse permutations since that time.
    Dec 11, 2014. 11:20 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Crude Rises Following Steep Slide [View article]
    RM - If China really goes bad economically, it will be because of a change in the political system. Capitalists have been doing as Marx, or was it Lenin, predicted. When we wish to hang the capitalist, the old saying goes, he will sell us the rope. Today's capitalist, never to be outdone by insufficient greed, has provided the Chinese rope making technology to go with the factory outsourced to China.
    Dec 11, 2014. 02:32 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Crude Rises Following Steep Slide [View article]
    James - We may have a market on Walgreen between the two of us. On September 14, I sold Oct. 65 calls on the stock - yes naked. - sort of a covered call on the market overall. If I had gotten creamed on the WAG calls, I had assumed that my other stocks would compensate. They expired worthless in mid October. I am chomping at the bit to short calls again on WAG but will likely wait until the first or second week in January. The Santa Claus rally, if there is one, will likely be over, and those WAG owners who have been waiting to sell the stock, will have 2015 capital gains upon sale. It's a great company but, I think, overpriced.
    Dec 11, 2014. 01:58 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: BP To Spend $1B On Restructuring [View article]
    Deer - Unless I were very nimble and doing short term trades, I would stay away from most 3xETF's. UGAZ and its mirror opposite DGAZ, in particular, are structured in a way that they are both likely to decline in the long term.
    Dec 11, 2014. 05:35 AM | Likes Like |Link to Comment
  • Growth-Sapping Effect Of The Minimum Wage [View article]
    Yoavbenthal - I agree with you in that I find that the oppression of some folks ( child labor and/or slavery) would not be worth the incremental increase in wealth. Moreover, I don't necessarily accept the static Econ 101 model if one looks beyond the initial case. Certainly, jobs are lost if minimum wages rise. But, don't workers who maintain a job with a higher minimum wage spend more, and thus help create more jobs (the usual example is Ford's "unnecessary" high wages)? Sethmcs also has a valid argument. High wages encourage inventiveness with technology enhancing productivity and thus eliminating jobs.

    The Luddites were right for themselves in wanting to protect their jobs, but a wealthier society could only occur if the Luddites lost. As an example, find a country with few farmers and you will have found a wealthy country where few farmers manage to feed the masses. On the other hand, where there are massive numbers of farmers, there generally will be found poverty and starvation.

    Thus, the Econ 101 example is true, but at a higher level, meaningless. The destruction of labor in any number of fields of endeavor by higher wages and/or higher productivity, frees up labor for other areas and creates a wealthier society.
    Dec 10, 2014. 11:23 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: BP To Spend $1B On Restructuring [View article]
    a64hoo and James - Thanks for caring, even if my comments are appreciated similarly to Canada geese flying directly over your blind. I was helping someone move, followed by a dental appointment, all accompanied by "interesting" weather. So, I'm late to the discussion. I'm glad that Bob123 was holding up the progressive end of the commentary in the early 19th century political time warp.
    Dec 10, 2014. 10:43 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: BP To Spend $1B On Restructuring [View article]
    Montrealpete - I have to disagree with you on P.M. Stephen Harper's likelihood to run again in the 2015 election. If he was to drop out and leave an opening for a Conservative successor, he would have done so a year or so ago when he was down in the polls, and enough time would have existed to create a proper image for his successor. At the time, I thought, incorrectly as it turned out, that he would drop out.

    He has risen to almost even with the Liberals in the polls. It is expected that the next budget will be either balanced or be heading for a surplus. Combine that with the Goods and Services Tax cut that you've already cited, he will likely accurately claim that Canada's budget situation is the best in the OECD. If he does as well as in the last election, he only needs less than 40% to again have a majority government in our first past the post parliamentary system.

    People are expected to forget that Canada's Liberal government was running surpluses at the time of a similar situation in the U.S. under Clinton, and continued to run surpluses until the Conservatives came to power in 2005. They will also forget that Canada's banking system did not undergo the deregulatory craze seen in the U.S. and elsewhere. Thus Canada did much better than its neighbor during the financial crisis, aided by a tax break done because that's what Conservatives do, that acted as Keynesian fiscal stimulus as the crisis occurred.

    They are also supposed to forget or at least belittle the increasing corruption that has occurred, particularly in what was supposed to become an elected Senate, that became a playground for Conservative political operatives whose hands were found in the government candy jar.

    Harper's latest move, increasing credence to those who condemn Canada's absence on the environmental front, frankly surprises me. While doing nothing, Harper has always indicated his readiness to have Canada join others in concerted action. But to lead, he contended, was economic suicide. Now he is arguing that come what may, Canada will not penalize the purveyors of the world's dirtiest oil. I think that he is playing to his base in western Canada, frightened by the dropping price of petroleum, just as opposition parties line up to argue for Canada's involvement against climate change.

    Oh - fixed election dates was a Conservative promise. Should the polls indicate a significant lead for the Conservatives, expect that promise to be dropped and an election called. The opposition parties know it too. Just last week, the official Liberal candidate in my riding was named.
    Dec 10, 2014. 10:28 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Apple Heads To Trial Over iTunes Update [View article]
    BlueOkie - If equal outcomes is your example of tyranny of the minority, then you should be extremely happy. The U.S. is producing the most unequal outcomes since the 1920's and working its way back to the Robber Baron era. If equal rights under the law is your problem, then I agree that special privileges for those of the "right" color, religion or class have indeed declined. Most Americans, I hope, would consider that as progress.
    Dec 9, 2014. 09:46 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: China Stocks Tumble Most Since 2009 [View article]
    James - Perhaps the IMF have decided to finance a government of dubious worth rather than create a power vacuum for the exploitation of a neighboring government with proven expansionist credentials.
    Dec 9, 2014. 07:51 PM | 1 Like Like |Link to Comment
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