Author Topic: Government Day-to-Day  (Read 13996 times)

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Offline wilber

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Re: Government Day-to-Day
« Reply #600 on: August 28, 2020, 08:45:13 pm »
The Liberal Party, headed by Prime Minister Justin Trudeau, governs with only a minority of seats in parliament and relies on center-left and left-wing minority parties to pass legislation.

https://www.fitchratings.com/research/sovereigns/canadas-growing-deficit-raises-fiscal-consolidation-risks-27-08-2020

The **** business is that of theirs? And what does that have to do with budgets?

How they hell do you think they come up with these ratings, by calling Trudeau and asking him what he would like?
"Never trust a man without a single redeeming vice" WSC

Offline wilber

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Re: Government Day-to-Day
« Reply #601 on: August 28, 2020, 08:47:51 pm »
The Liberal Party, headed by Prime Minister Justin Trudeau, governs with only a minority of seats in parliament and relies on center-left and left-wing minority parties to pass legislation.

https://www.fitchratings.com/research/sovereigns/canadas-growing-deficit-raises-fiscal-consolidation-risks-27-08-2020

The **** business is that of theirs? And what does that have to do with budgets?


And what exactly is inaccurate about that statement?

How they hell do you think they come up with these ratings, by calling Trudeau and asking him what he would like?
"Never trust a man without a single redeeming vice" WSC

Offline JMT

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Re: Government Day-to-Day
« Reply #602 on: August 29, 2020, 09:15:03 am »
How they hell do you think they come up with these ratings, by calling Trudeau and asking him what he would like?

I'm saying that left wing governments can be just as financially literate as right wing ones.

Offline wilber

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Re: Government Day-to-Day
« Reply #603 on: August 29, 2020, 09:24:33 am »
I'm saying that left wing governments can be just as financially literate as right wing ones.

And they are saying tha minority governments have to please other parties to stay in power. The same would be true of a Conservative minority government. The opposition parties were pressuring Harper to spend more in 2010, the NDP and Bloc will do the same to Trudeau.
"Never trust a man without a single redeeming vice" WSC

Online eyeball

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Re: Government Day-to-Day
« Reply #604 on: August 29, 2020, 10:38:43 am »

How they hell do you think they come up with these ratings, by calling Trudeau and asking him what he would like?
I'd like to know how anyone can look at what's happening in the US these days and conclude it rates a AAA grade. Apparently a stable political system run by reasonably straight thinking people doesn't mean squat.  The Lebanese Pound or Belarusian Ruble may as well be the world's reserve currency these days.
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Offline JMT

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Re: Government Day-to-Day
« Reply #605 on: August 29, 2020, 11:42:11 am »
And they are saying tha minority governments have to please other parties to stay in power. The same would be true of a Conservative minority government. The opposition parties were pressuring Harper to spend more in 2010, the NDP and Bloc will do the same to Trudeau.

Yet they only seem worried about the pressure of the 'left wing parties.'

Offline wilber

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Re: Government Day-to-Day
« Reply #606 on: August 29, 2020, 12:08:15 pm »
Yet they only seem worried about the pressure of the 'left wing parties.'

Well just look at the spending demands the NDP is making. They are a left wing party.
"Never trust a man without a single redeeming vice" WSC

Offline waldo

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Re: Government Day-to-Day
« Reply #607 on: August 29, 2020, 12:17:07 pm »
Well just look at the spending demands the NDP is making. They are a left wing party.

tell that to Jugmeat - he's lost his way!
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Offline wilber

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Re: Government Day-to-Day
« Reply #608 on: August 29, 2020, 01:42:59 pm »
tell that to Jugmeat - he's lost his way!

So what, it is a political reality for any minority government. Perhaps the rating would not have been lowered if Trudeau had a majority. We don't know.
"Never trust a man without a single redeeming vice" WSC

Offline wilber

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Re: Government Day-to-Day
« Reply #609 on: September 03, 2020, 11:17:45 am »
https://www.cbc.ca/news/politics/trudeau-throne-speech-pandemic-budget-1.5709695

Apparently fiscal anchors are so yesterday.

Hate to do it but it's time to start buying some gold.
"Never trust a man without a single redeeming vice" WSC
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Offline JMT

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Re: Government Day-to-Day
« Reply #610 on: September 05, 2020, 08:07:35 pm »
https://policymagazine.ca/a-fall-budget-2020-strategy-drive-toward-the-future/

Interesting context to the upcoming spending. Canada is far from alone.

Also, net debt, including assets, paints Canada in a far better light https://twitter.com/ifsd_ifpd/status/1302286326214127617?s=21

Offline wilber

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Re: Government Day-to-Day
« Reply #611 on: September 05, 2020, 10:32:13 pm »
Last April, for the first time ever the investment company we use recommended putting a bit of our portfolio in gold, so we did. It's up about 11% since then. We have some GIC's coming due and they are recommending putting a bit more in gold. This is a complete 180 for them. Whenever I had asked about gold before the response was always, we don't do gold.
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Offline JMT

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Re: Government Day-to-Day
« Reply #612 on: September 06, 2020, 11:11:16 am »
Last April, for the first time ever the investment company we use recommended putting a bit of our portfolio in gold, so we did. It's up about 11% since then. We have some GIC's coming due and they are recommending putting a bit more in gold. This is a complete 180 for them. Whenever I had asked about gold before the response was always, we don't do gold.

I laugh because gold's value is just as fictitious as a fiat currency.

Offline wilber

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Re: Government Day-to-Day
« Reply #613 on: September 06, 2020, 12:52:12 pm »
I laugh because gold's value is just as fictitious as a fiat currency.

Gold's value is determined by confidence in a fiat currency. The lower the confidence, the higher the gold price.
The supposed new economics believes massive increases in money supply will not increase inflation. Gold is a hedge against that being wrong.
Personally I would rather not be buying gold because it doesn't pay a dividend and provide income. It is purely defensive.
"Never trust a man without a single redeeming vice" WSC

Offline JMT

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