Admit there is a problem interest rates and jobs

[Klause]

You seem to forget that agriculture and the oil industry also receive subsidies in Canada.

Alberta and Saskatchewan economies are overly dependent on resources and commodities, market prices of which are not set in Canada.

Lack of oil pipelines are a significant factor because for many decades we shipped all our oil to one market and now that market is becoming more self sufficient and we need to sell oil to other countries. This is because of new technology that has developed tight oil in the US and Canada.

Norway put away 1 trillion dollars during their oil boom. Where is our rainy day savings account? We have totally mismanaged a one time resource and frittered most of it away. The party is over and the hangover sucks.

We needed real fiscal conservatives like the ones in Norway instead of the Canadian Conservatives who gave a lot of the benefits to their oil company friends.

Wow. I actually agree with that entire post, Chuck.

[errolanderson]

This is the ghost of the Leyman Bros collapse of 2008 . . . which has never been fully repaired. There is no way interest rates can move up without risk of a total global financial market washout. Central bankers are hooped, and they know it.

Now the emerging market crisis . . .

[macdon02]

I think i agree with Chuck as well. Weird.... only thing i can add, and I'm not making excuses for conservatives taking on debt, just the what-if scenario if they didn't after 08, the loonie likely would of went $2:$1 USD as we would have been seen as 1 of the most financially responsible countries in the world and that don't work when your selling commods.

[macdon02]

This is the ghost of the Leyman Bros collapse of 2008 . . . which has never been fully repaired. There is no way interest rates can move up without risk of a total global financial market washout. Central bankers are hooped, and they know it.

Now the emerging market crisis . . .

Who defaults first Errol? Italy ? Turkey? ..... but but but but low rates were the solution to prevent a crisis

[macdon02]

Seems the people want some assets rather then debt or cash

[errolanderson]

Who defaults first Errol? Italy ? Turkey? ..... but but but but low rates were the solution to prevent a crisis

macdon . . . Not sure investors understand the seriousness of the emerging market collapse right now. Between emerging market collapse,, insanity of Trump tariffs and NASDAQ sell-off, global markets have lost $1.6 trillion in capital over just the past week.

Turkey, Italy and Argentina now in a uncontrollable, dead heat to the bottom. Pick em . . . .

[MBgrower]

Correction ....Western Canada...the rest is just collateral damage...

Eastern Canada lives on government assistance...Autos, bombardier, just to name a couple industries that are intravenous money support...

All funded by Western industries....oil, agriculture, etc...

Why would Trudeau support the auto sector? It's probably the biggest contributor to c02 'polution' in this country? Hypocrit.

[hobbyfrmr]

[QUOTE=errolanderson;388433]macdon . . . Not sure investors understand the seriousness of the emerging market collapse right now. Between emerging market collapse,, insanity of Trump tariffs and NASDAQ sell-off, global markets have lost $1.6 trillion in capital over just the past week.

Turkey, Italy and Argentina now in a uncontrollable, dead heat to the bottom. Pick em . . . .[/QUOTE

I am quite ignorant on this subject.
In organic farmer terms, they tried to make a recovery on volume...printed money.... then found a lender of last resort...Germany or the EU .....now the crop/economy has been too poor to recover and reality is going to set in like a bitterly cold prairie winter?

[macdon02]

What needs to be watched for is the "contagion" where traders sell everything in the portfolio, including the good trades as it's simply risk on. Then like vultures they hunt for the next rung to let go and pound the ever living **** out of it till it kicks back or they have their pound of flesh.... no one absolutely no one will be a buyer of anything except Dollars when they exit their positions. Because each sell order needs a buy you get the vacuum to the next level. It's not the short sellers it's the lack of buyers, confidence is dead.

[errolanderson]

The Baltic Dry ocean freight index his now in-decline since mid-August. Global supply chains are beginning to seize-up. Dr. Copper has taken a turn-for-the-worse.

Global growth is now turning down, including the U.S. U.S. manufacturing declined in August.

In my opinion, a market quake has already begun. The question is now; where will it fit on the Richter scale . . . .