Oil and other commodities are screwed for god knows how long.
Housing is a bug looking for a windshield.
The banks will get hammered.
Our current account is negative.
Our fx reserves are at 74 billion,for comparison for people that don't follow this stuff Russia has 5x more.
We are one of the dummies that sold our gold at rock bottom prices in the nineties,LOTS of countries hold gold reserves for those that have no clue what gold is.
Our dollar is selling off,any stock or bond you own is denominated in dollars,imports more expensive and exports but good for the people who export.
A massively leveraged population,you should see the graph compared to our neighbor to the south.
Half of our debt is hiding in the provincial governments half federal#hope the world doesn't find that out,can our central bank buy provincial bonds for there balance sheet?
A socialist government waiting in the wings#will he spend less than his old man#cant see it
-underfunded pension schemes
-underfunded liabilities
-banks tier 1,10-15%?,not to bad
-finance minster having a nervous breakdown on live tv after his last budget,2nd last budget introduced the bank bailout scheme#heh folks nothing to see here let's talk about gay rights#its what's important
Using to many hash tags in thread,check
Housing is a bug looking for a windshield.
The banks will get hammered.
Our current account is negative.
Our fx reserves are at 74 billion,for comparison for people that don't follow this stuff Russia has 5x more.
We are one of the dummies that sold our gold at rock bottom prices in the nineties,LOTS of countries hold gold reserves for those that have no clue what gold is.
Our dollar is selling off,any stock or bond you own is denominated in dollars,imports more expensive and exports but good for the people who export.
A massively leveraged population,you should see the graph compared to our neighbor to the south.
Half of our debt is hiding in the provincial governments half federal#hope the world doesn't find that out,can our central bank buy provincial bonds for there balance sheet?
A socialist government waiting in the wings#will he spend less than his old man#cant see it
-underfunded pension schemes
-underfunded liabilities
-banks tier 1,10-15%?,not to bad
-finance minster having a nervous breakdown on live tv after his last budget,2nd last budget introduced the bank bailout scheme#heh folks nothing to see here let's talk about gay rights#its what's important
Using to many hash tags in thread,check
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