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Rich in Quebec

Rich in Quebec
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  • Wall Street Breakfast: France, Germany Report Slight Growth In Q3 [View article]
    Blue Okie - On Haitian government corruption, I agree. Government must be effective, whether all the way from familial tyrannical totalitarianism to redistributionist social democracy, for capital to be invested effectively. If the rules are doubted or constantly changing, capital will not be invested.

    Go back to the earliest civilisations. There had to be a way for the Nile floods to water more than a few yards on its banks. Government provided the rules, the means, and made possible the specialisation that made civilisation possible. Whether totalitarian or egalitarian, government had to exist.

    It's not either or. "Job providers" are not working in a void. Orderly government, a market for products, workers capable of production as well as management ( a specialized form of labor), investing capital ( stored profitable labor) , are essential for a growing economy.
    Nov 15 01:32 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: France, Germany Report Slight Growth In Q3 [View article]
    WMARKW - Before the conquest in 1763, government worked hard to make manufacturing jobs impossible in New France. Mercantilism still was the prevailing economic theory in France, and colonies were supposed to exist to provide raw materials for the mother country's factories and a market for the finished product.

    But, as to the fundamental question of who creates jobs, think of a failed country like Haiti. Without sufficient demand from domestic consumers, only the export market can support an industry, and without a government to provide sufficient order, no capital will be provided to fund an industry.

    The arguments surrounding Hilary Clinton's comments reminds me of Jonathan Swift's ridicule of those arguing which end of an egg should be broken, in Gulliver's Travel. The inability to see beyond one's preferred political viewpoint leads to such sterile sophistry. Capital, whether from public or private sources, will not be invested unless it can be safely invested where labor is competent for the task and with a market rich enough to buy it. Without all three elements, capital will not be invested, at least not for profit, which is the reign of capitalism.
    Nov 15 08:03 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: France, Germany Report Slight Growth In Q3 [View article]
    Al - I'm trying to play lower petroleum prices in general and as a secondary theme, a lower Canadian dollar. So sold Goodyear (GT) $20 Nov puts @$1.30 on Oct 16 - lower input costs and more travelling should mean more tires used, Sold Wabash National (WNC) Jan $10 puts @ 60 cents on Nov. 4 - lower petroleum costs should mean a lesser competitive disadvantage for trucks vs. trains. They service the trucking industry. To play any frenzy for aluminum auto parts following the Ford F-150 introduction and to play the Loonie, sold Martinrae (MRE ) Jan $10 puts @ 65 cents. In a rising market that we've had, for the earlier trades, I would have been better off buying the stock, but that's a "problem" that I wish I had more often.
    Nov 14 09:16 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: France, Germany Report Slight Growth In Q3 [View article]
    Blue Okie- I haven't ever owned Berkshire Hathaway precisely because of what I perceived as too much extra value that could be lost in a flash because of the death or retirement of one man. It was a $7,000 share back then. Only the A shares existed. It dropped about $!,000 today to about $218,000. What a mistake!!!
    Nov 14 08:51 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: France, Germany Report Slight Growth In Q3 [View article]
    Blue Okie - No one raindrop ever caused a flood, yet all floods came from too many raindrops. Or for the politically oriented in the U.S. - no one vote passes a bill - except for when it's close - then your individual legislator is personally responsible for every single flaw in Obamacare. - Hey, it worked for the Republicans.
    Nov 14 08:34 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: France, Germany Report Slight Growth In Q3 [View article]
    WMARKW - I don't know if your comment was tongue in cheek or not. Your idea has already been suggested by CH Douglas. During the Depression, the then poor province of Alberta tried to bypass the banks and the Federal government by printing money and sending checks out to families. It was supposed to represent the amount skimmed off by the financial system. The Federal government stopped them from implementing their plan. The movement stayed popular in the west and even came to Quebec where it was proposed that stay at home moms get money from government to stay home and look after the kids - You may wish to condemn it as socialism and thus left wing. It was considered right wing populism, a last fight against women leaving home for outside work and thus destroying both home and country.

    I always scoffed at Social Credit as being based on a theoretical flaw (the demand for goods and services being less than supply according to Douglas), and inherently inflationary. However, with money created by the Fed going to the moneyed class and just pricing bonds and stocks ever higher, I'm beginning to think that Douglas' idea was a lesser evil.
    Nov 14 08:24 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: France, Germany Report Slight Growth In Q3 [View article]
    Wyostocks - Yes, but the data aren't there. You get to the point that you wonder more about the minds of the believers than the theory itself. We are getting close to the stage where denying human caused climate change will rival flat earthers and those who think that lunar landings were hoaxes. I do leave the possibility open that carbon loading the atmosphere will beautifully balance out a cooling trend that would otherwise send us into the next Ice Age. But, that is very improbable.
    Nov 14 01:38 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: France, Germany Report Slight Growth In Q3 [View article]
    James - Mr. Murdoch is not an expert on climate change either, but he controls the message that is sent out on his oversized megaphone. Read the link. Perhaps elsewhere in the WSJ, there is a balanced piece, or even an unbalanced one with some facts. That particular piece was a hatchet job.
    Nov 14 01:30 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: France, Germany Report Slight Growth In Q3 [View article]
    James - I really can't understand the personal attacks on Buffett. He plays within the rules of a system while all the while complaining that it is overly generous to him. He does not pay dividends arguing that if revenue is what you want, then by all means sell. He is there to grow your wealth. He does not flaunt his own wealth with houses, cars or boats. He will leave relatively little to his offspring. He has studied foundations enough to decide to leave his wealth to another, the Gates Foundation, not seeing why he should try to reinvent a better wheel, nor caring that it carry his name.

    He is a throwback to another generation, a paternalistic one, believing that their own success was not totally personal, that it was done within a society that made it possible, that a degree of chance was involved and that some of their good fortune be shared with present and future generations.
    Nov 14 10:36 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: France, Germany Report Slight Growth In Q3 [View article]
    Blue Okie - Even the experts will be the first to admit that they speak from limited knowledge. That just allows them to ask many more profound questions, many beyond our comprehension. A short, quick, knowing quip, confounding weather and climate, demonstrates to the rest of us that the road to hoe is greater for some.
    Nov 14 10:13 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: France, Germany Report Slight Growth In Q3 [View article]
    Wyostocks - No, I don't include you, I or Al gore as environmental experts. Just reading the Wikipedia text on polar vortex yesterday gave me enough links to keep me reading for a long time. Science demands that skepticism be maintained even when supported by overwhelming data. You have managed to attain certainty from a viewpoint held by a very small minority of experts. That does make life simpler and easier, but it flies in the face of how science is done, and should convince no one with a modicum of knowledge about the scientific method, that you are cor

    As to the hack piece from the Wall Street Journal that you linked, I had heard that WSJ had been "influenced" by Mr. Murdoch's ownership. I now have evidence, limited as it may be, that it is so. Whatever the Chinese have agreed to, it seems that Chinese leadership has understood that living in Peking should not lead to black lung disease in the future. That's a small first step. Now if we can get some of the Neanderthals in North America to begin to understand how science works, or to stop muzzling "inappropriate" results of experiments conducted by government experts as is done by our Conservative government here.

    Whoops - It was Blue Okie who provided the link.
    Nov 14 09:59 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: France, Germany Report Slight Growth In Q3 [View article]
    Western funds - Our Conservative P.M. is happy that the Australian Cpnservative P.M. has seen fit not to put climate change on the official agenda. Considering the latest warnings from climate experts and the agreement by Chinese and U.S. leadership a few days ago to target carbon, and pressure by more progressive world leaders to address the problem, what is discussed unofficially is likely to be as interesting as the formal deliberations.
    Nov 14 07:38 AM | 6 Likes Like |Link to Comment
  • North Dakota to require producers to make oil less volatile before shipping [View news story]
    Saratoga hawk - I have a cottage on Lake Aylmer about 40 miles north of Lac M├ęgantic. I visited the site (as close as I could get) the next day. On my previous remark in this string of comments, I attributed the accident to lack of regulation and the subsequent explosion to the volatility of the crude.

    The train had only one engineer. When he left the train in the town of Nantes, he left it with the engine running to maintain pressure on the air brakes. He also set an inadequate number of hand brakes. This is apparently difficult to do and to test when done alone. The train engine caught fire (not the first time for this engine). The fire was put out by the local volunteer fire department and the railroad company in Farnham about 100 miles away was contacted. The pressure of the air brakes slowly dropped, the hand brakes didn't hold, and the train rolled down the hill towards a curve it couldn't make. If a higher standard of railcar had been used, perhaps they would have not broken up, but if they had, the outcome would have been the same because of the volatility of the Bakken fuel.

    Lack of regulations (only one person on the train, an old engine prone to fire, and a railcar too prone to breakup when turned over) along with human error caused the accident. An explosive Bakken crude caused the explosive outcome - and thus the change in standards for Bakken crude.
    Nov 14 07:10 AM | 1 Like Like |Link to Comment
  • Explosive risk of Bakken crude oil is understated, rising number of officials say [View news story]
    Digger - The comparison I find is the gullibility of right wing Germans of that time and right wing Americans of today. In both cases, the elimination of the political power of the supposed wrong people would lead to the prosperity of the "real" Aryans and Americans.
    Nov 13 09:52 PM | 1 Like Like |Link to Comment
  • Explosive risk of Bakken crude oil is understated, rising number of officials say [View news story]
    King rat - Google up 2009 Buffett's railroad deal and you'll find allusions to Wyoming coal, not Dakota crude. What a convoluted plot Buffett seems to have pulled off in "allowing" standards for coal to be made tougher and undermining one of the initial causes of his investment, and foreseeing a switch to fracked petroleum products. I have seen this absurd Buffett/Obama/DNC canard repeated ad nauseum with no thought given to its logic. A few must know but prefer feeding this drivel to the unthinking.
    Nov 13 09:42 PM | 1 Like Like |Link to Comment
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