The Economy

[biglentil]

It's not so rosy when you look past the inflated stock market bubble. This is an excerpt from the Washington post dated May 25th:

In the past week, two reports — a new Federal Reserve*survey*of more than 12,200 Americans about their finances and a new United Way*report*on financial hardship — reveal just how*unstable life remains for a large number of people.*Here's a rundown of the key findings:

Forty percent of American adults don't have enough savings to cover*a $400 emergency expense such as an unexpected medical bill, car problem or home repair.Forty-three percent of households can't afford the basics to live, meaning they aren't earning enough to cover the combined costs of housing, food, child care, health care, transportation and a cellphone, according to the United Way study. Researchers looked at the data by county to adjust for lower costs in some parts of the country.More than a quarter of adults skipped necessary medical care last year because they couldn't afford it.Twenty-two percent of adults aren't able to pay all of their bills every month.Only 38 percent of non-retired Americans think their retirement savings is “on track.”Only 65 percent of African Americans and 66 percent of Hispanics say they are “doing okay” financially vs. 77 percent of whites.

[15444]

It's not so rosy when you look past the inflated stock market bubble. This is an excerpt from the Washington post dated May 25th:

In the past week, two reports — a new Federal Reserve*survey*of more than 12,200 Americans about their finances and a new United Way*report*on financial hardship — reveal just how*unstable life remains for a large number of people.*Here's a rundown of the key findings:

Forty percent of American adults don't have enough savings to cover*a $400 emergency expense such as an unexpected medical bill, car problem or home repair.Forty-three percent of households can't afford the basics to live, meaning they aren't earning enough to cover the combined costs of housing, food, child care, health care, transportation and a cellphone, according to the United Way study. Researchers looked at the data by county to adjust for lower costs in some parts of the country.More than a quarter of adults skipped necessary medical care last year because they couldn't afford it.Twenty-two percent of adults aren't able to pay all of their bills every month.Only 38 percent of non-retired Americans think their retirement savings is “on track.”Only 65 percent of African Americans and 66 percent of Hispanics say they are “doing okay” financially vs. 77 percent of whites.

Notice how a cell phone is a basic necessity? Easy to tell that it is dirty UW socialist propaganda.

[errolanderson]

Europe's economy appears sliding-into-darkness. Germany's 10-year sovereign bond yields now below that of Japan's 10-year. Turkey financial woes worsening . . . apt to re-appear in the news.

[farmaholic]

What will the affect be on Western Canada's economy be from the drop in grain prices caused by the political Huawei situation. Harm will have been done even if a resolution is found soon. How long will it linger? I doubt grain prices, canola in particular, will fully recover in the near term.

And then speaking of asset bubbles...the very things that drove urban real estate prices, along with good times in Ag, contributed to Ag land's parabolic rise in value.

But remember people say farmland prices can't go down and they're not making anymore!

[grassfarmer]

It wont matter who the next president after trump is. He will have set the country on the right path for the next 100 yrs and no democrat will be able to derail it......

And this folks is why legalizing cannabis was a bad idea. When upstanding citizens allegedly running businesses start to believe in delusional fairy stories you know it was a bad choice. Just say NO to drugs!

[jazz]

And this folks is why legalizing cannabis was a bad idea. When upstanding citizens allegedly running businesses start to believe in delusional fairy stories you know it was a bad choice. Just say NO to drugs!

Yup, I am totally high. High on trump and MAGA. Guy is a literal genius. reset the global economic and political paradigm in just 2 yrs and didn't fire a shot. He put the USA on a course for the stratosphere. No other country will be able to touch them. Just got to be on the look out for Marxist socialists like AOC and grass lurking.

[grassfarmer]

Oh, I see you just posted it a few days early for April 1st, my bad. As if any decision one politician makes has any chance of ensuring an economy is on the right course for 100 years - what a complete joke, let alone the fact that we are talking about Trump the conman and failed business man.

[AlbertaFarmer5]

Yup, I am totally high. High on trump and MAGA. Guy is a literal genius. reset the global economic and political paradigm in just 2 yrs and didn't fire a shot. He put the USA on a course for the stratosphere. No other country will be able to touch them. Just got to be on the look out for Marxist socialists like AOC and grass lurking.

And will we be on the outside looking in, trying to keep this abusive marriage together, or enjoying the prosperity from within, laughing at the ROC trying to figure out how equalization works when there are no net contributors left? It will be the ultimate manifestation of Margaret Thatchers saying about Socialists eventually running out of other peoples money.

[AlbertaFarmer5]

Oh, I see you just posted it a few days early for April 1st, my bad. As if any decision one politician makes has any chance of ensuring an economy is on the right course for 100 years - what a complete joke, let alone the fact that we are talking about Trump the conman and failed business man.

This really isn't about Trump, he just happened to be at the right place at the right time. The outcome was inevitable, and likely irreversible. He will likely get the credit in the history books, and his bull in a Chinashop( literally), may have accelerated the pace, but he certainly doesn't deserve the credit, and it is unfortunate that the same thing couldn't have been accomplished by someone with morals and ethics.

[AlbertaFarmer5]

What will the affect be on Western Canada's economy be from the drop in grain prices caused by the political Huawei situation. Harm will have been done even if a resolution is found soon. How long will it linger? I doubt grain prices, canola in particular, will fully recover in the near term.

And then speaking of asset bubbles...the very things that drove urban real estate prices, along with good times in Ag, contributed to Ag land's parabolic rise in value.

But remember people say farmland prices can't go down and they're not making anymore!

Tell me where the CAD will be at, before we can solve the other question. Even as the economy falters, land prices (and commodity could very well defy gravity as measured in CAD, as the world continues to lose confidence in our economy, governments, and the Canadian Dollar.

And when we do join the US, what does that do to land values? Will there be a mass exodus from the ROC into the western provinces driving up real estate values across the board? Will converting our existing debt into a possibly strengthening USD (relative to CAD) affect our ability to service that debt, and our access (and cost) to new debt? Will the economic boom as our landlocked resources are no longer blocked at every angle suddenly assist land values?

[malleefarmer]

Seemingly worldwide australia going backwards now last 3 months big time.

[Guest]

Oh, I see you just posted it a few days early for April 1st, my bad. As if any decision one politician makes has any chance of ensuring an economy is on the right course for 100 years - what a complete joke, let alone the fact that we are talking about Trump the conman and failed business man.

Well this guy could very well screw ours up for 100 years ?
Off topic. What do you think will happen with brexit ? Sute seems to be a mess ?