Canada May face a Recession the USA Not!

[burnt]

OK you may be right BUT...

1. The 350,000 barrels per day cut in oil production in Alberta is who's fault?

2. The lack of Saudi's wheat purchases from Canada and they were given a grainco.... along with them issuing a decree to pull investment out of Canada....is who's fault?

3. The idiotic prancing around India ...instead of working is who's fault?

4. Pissing off the Chinese that may affect pulses, flax and canola....is who's fault????


I maybe wrong but in about 6 months the exports might not look as rosy....

Little Johnnie at the front of the class raises hand, waving it excitedly, "I know! I know!"

Teacher says, "Yes, Johnnie?"

Johnnie shouts out, "It's Harper's fault!"

Teacher smiles and gives little Johnnie an "A".

[SASKFARMER3]

That’s exactly what the media and Trudeau wants look over at this hand as I reach around and take your wallet.

Magician secret.

Slight of hand.

Liberals are famous for this.

So far I think it’s working.

[chuckChuck]

That’s exactly what the media and Trudeau wants look over at this hand as I reach around and take your wallet.

Magician secret.

Slight of hand.

Liberals are famous for this.

So far I think it’s working.

"Canada may enter a recession, while the US flourishes. Canada’s economy may soon endure something it hasn’t faced in 68 years: A recession without the US in the same boat. That’s the view of Jim Mylonas, global macro strategist at BCA Research Inc. in Montreal, a firm that’s been making calls on markets and economies since 1949. Mylonas says the surge in household debt combined with rising interest rates will push the Canadian economy into recession, even while the US economy continues to grow."

SF3 why don't you read what you posted in the first post? Recession to be caused by surging household debt and rising interest rates. Hmmmm But its the Liberals fault! hahahahaha

[dmlfarmer]

OK you may be right BUT...

1. The 350,000 barrels per day cut in oil production in Alberta is who's fault?

2. The lack of Saudi's wheat purchases from Canada and they were given a grainco.... along with them issuing a decree to pull investment out of Canada....is who's fault?

3. The idiotic prancing around India ...instead of working is who's fault?

4. Pissing off the Chinese that may affect pulses, flax and canola....is who's fault????


I maybe wrong but in about 6 months the exports might not look as rosy....

1. Notley ordered the 350,000 bbl/day cut in order to reduce supply to match export capacity. Her move pushed WCS prices from a low of around $12 back up close to $40. I think we can agree getting $40 is better than $12 even if you have to leave some in the ground.
Yes, if we had more pipe in the ground the cut would not have been necessary. So is the lack of pipe Trudeau's fault? Couple of things to consider. Transmountain first sought expansion in 2012. In 2015 the NEB stopped the process because of shoddy work by the government at the time and Transmountain in their analysis. In 2016, NEB approval was granted, Notley gave approval, and Trudeau gave federal approval for both the Transmountain expansion and Line 3.
It was the new BC government in 2017 that put a stop to the expansion, along with enviornmentalists and natives. They are the true villains in this story. Trudeau, in order to try to get it back on stream even bought the existing line and expansion project.

Should he have done more? Faster? What? Maybe, but remember Keystone XL was started in 2010, 2 years earlier and is still stalled. Trump overturned all rulings and ordered it to proceed but in just 2 months ago (nov 2018) a Montana judge ordered it stopped so it is back in the courts, just like Transmountain is. And I have a hunch that Transmountain will get going before XL does.

2. First and foremost, I disagree with the giving of the Saudis the remains of the CWB. That was not Trudeau by any means. Second, it was a cabinet minister who made the statement that Saudi's stopped buying wheat, not Trudeau. We can debate whether he should retaliate by stopping oil or sales of arms but that is after the fact, not the cause.

3. Agreed fully he looked like an idiot in India. But even the brightest light likely would not have changed Indian domestic policy on pulse imports considering Indian farmers make up 40% or more of electorate and they demanded higher prices for their pulses which resulted in world wide tariffs. Furthermore, the tariffs are permitted under current WTO and in fact the lentil tariff was only raised to 40% and is allowed to go to 100%. If it was Trudeaus fault and India was out to stop Canadian pulses, they would have raised the tariff much more or simply stopped buying Canadian as the Saudi's did.

4. Canada is being used as the sacrificial pawn by both US and China in the current trade wars. I am not sure if Trudeau is not smart enough to realize this or if Canada is simply too small of a fish to matter to either party. It is a no win situation. When stuck in the middle of a pissing match between two giant bullies, and each important to us, no matter what you do you to support one side, the other side will take offense.

Yes maybe exports will go down in 6 months, or we might have a world wide drought, grain prices skyrocket, and let the good times roll.

Bucket, I consider you a smart guy and appreciate what you say most times. But Instead of the sky is falling Trudeau bs how about stating real facts, look at trends, hope for the best, but be prepared for the worst. Hopefully we get a better PM than Trudeau this year, but Canada will survive if we don't. We just have to make sure each of our farms do too.

[jazz]

Trudeau and his Brain damaged group have no idea what they are doing.

Totally disagree. They know exactly what they are doing and we should be afraid.

Investment is gone and not coming back any time soon.

Absolutely. Some money is being mobilized to help sheer hopefully end the insanity, but a lot of big bucks are on tap to move out of the country. That dollar spread ever narrows again and boy watch out.

We as farmers will be trapped with our wealth in a socialist hell hole.

[jazz]

.

Lets give this some perspective. Harpers had 3 major pipelines on tap approved and ready to go. Trudeau killed Northern Gateway with legislation, killed energy east by pandering and killed TMX by obstructionism. What happens in the US with XL is out of our hands but mostly Obamas fault for stalling the original project for what like 8 years.


Here is how you deal with protestors. You evoke the notwithstanding clause an bring out the army and bulldozers like trump did. Or you cut off entitlements to people who block wealth creation for the country. To deal with foreign tarrifs and bullies, you enact legislation to hit right back at them. You ban Saudi crude, you halt Indian visas and work permits and you restrict capital from China.

And to get help with all this, you stop being a dick to our greatest trading partner no matter who is in office. Think trump is going to help us now after the stupidity Freeland and her gang did. Not a chance, we are on our own.

Canada is an extremely weak, spineless country with our loyalties in the wrong places.

[SASKFARMER3]

Very well said JAZZ I agree totally.

We are run by an idiot.

[chuckChuck]

Lets give this some perspective. Harpers had 3 major pipelines on tap approved and ready to go. Trudeau killed Northern Gateway with legislation, killed energy east by pandering and killed TMX by obstructionism. What happens in the US with XL is out of our hands but mostly Obamas fault for stalling the original project for what like 8 years.


Here is how you deal with protestors. You evoke the notwithstanding clause an bring out the army and bulldozers like trump did. Or you cut off entitlements to people who block wealth creation for the country. To deal with foreign tarrifs and bullies, you enact legislation to hit right back at them. You ban Saudi crude, you halt Indian visas and work permits and you restrict capital from China.

And to get help with all this, you stop being a dick to our greatest trading partner no matter who is in office. Think trump is going to help us now after the stupidity Freeland and her gang did. Not a chance, we are on our own.

Canada is an extremely weak, spineless country with our loyalties in the wrong places.

And as soon as Scheer gets elected its all going to change. Make Canada great again. LOL

[SASKFARMER3]

No chuck it will take years to get investment to return and trust the Canadian government and people.

Andrew will have issues along the way with foolish liberals who won’t get why they lost much like the USA.

Maybe these same liberals will threaten to move to Venezuela and experience first hand what the system is that they want in Canada.

Damage was done by Trudeau and it is going to take years to forget this idiot.

[AlbertaFarmer5]

And as soon as Scheer gets elected its all going to change. Make Canada great again.

You have been showing a lot of common sense since your agriville hiatus. But, no, unfortunately, rebuilding trust takes far longer than it took to destroy it.

[jazz]

No Chuck, sheer wont make Canada great again. That ship has sailed for good with this stupid socialists experiment. We wont be able to out the monster back in the bottle now. Its all about just limiting the damage so the smart money can reposition itself out of here. If Trudeau gets in again, Canada will failed or it will fracture. There is no scenario where he comes out on top. If he wins power he loses the country and he can be Prime Minster of Ontario and Quebec. That's basically all he is now anyway.

The prairie provinces would be much richer if we form an economic partnership with the US.

[dmlfarmer]

Here is how you deal with protestors. You evoke the notwithstanding clause an bring out the army and bulldozers like trump did. Or you cut off entitlements to people who block wealth creation for the country. To deal with foreign tarrifs and bullies, you enact legislation to hit right back at them. You ban Saudi crude, you halt Indian visas and work permits and you restrict capital from China.

And to get help with all this, you stop being a dick to our greatest trading partner no matter who is in office. Think trump is going to help us now after the stupidity Freeland and her gang did. Not a chance, we are on our own.
.

So Jazz, are you actually against all personal and property rights? Do you actually feel the government should have the rights to come on private property with the army and bulldozers if they feel a project would provide greater wealth benefit to society than what the landholder is generating? If a company wants to run a new power transmission lines right across the center of your farm, and the government agree this will generate wealth, should the company simply be able to build the line, without regard to your farm or operation, and if you try to resist you have no recourse? Sounds like true socialism to me yet that is what you see to be advocating.

And your suggestion of counter tariffs and restrictions is simplistic at best. The US is the greatest economy in the world and look how well their trade wars are working. RSM Financials predicts Trump tariffs will cost the US economy $1 trillion if it continues. JP Morgan says the tariffs will cost the US 700,000 jobs. The American Action Forum suggested last year the trade war costs the US 19.7 billion a year. The IMF says it is costing the world economy $430 billion already. The CD Howe institute says the steel tariffs the US imposed on Canada has cost Canada 6000 jobs and 8.1 billion. One of the hardest hit groups in the US are soy farmers and besides the price drop caused by the loss of the Chinese market hurting all farmers, the US government is forced to subsidize farmers by 12 billion. That money comes from taxes on all citizens. Sounds socialist to me when all society has to subsidize one group because of the actions of the government.

I know you claim to be a capitalist (in spite of your socialist solutions) so I suggest you real the Fraser Institute (right wing conservative) article on tariffs to learn a little something before you spout more socialism. https://www.fraserinstitute.org/article/everyone-loses-trade-war https://www.fraserinstitute.org/article/everyone-loses-trade-war

And on your final point, I would like to remind you that it was the US that asked us to arrest Wang, which peeved the Chinese. Are you saying it would have been better to say no to the Americans, or simply ignore their request to act on a global warrant. Exactly who did you think Trudeau should please - the Americans, our biggest and closest ally, or the Chinese? Because we sure could not satisfy both.