Not your average recession . . . .

[sumdumguy]

My accountant informed me that Trudeau government has decided to tax the heck outta corps. Newly implemented 45% tax on passive income even if the income is spent on expenses. In other words, if the bank pays your corp $50,000 of interest income, that amount will be taxed in the corp at 45% rate unless you pass it off to shareholders as dividends. In the past you could use passive income on farm expenses, wages, inputs. ($50,000 income - $50,000 expense would equal Zero tax, not anymore the tax will be $22,500.) thanks Freeland, you putz.

[errolanderson]

The stock market has done nothing but scream higher since the Moody’s credit downgrade last Friday. U.S. data shows inflation drifting into the rear-view mirror today. No more U.S. Fed rate hikes including Bank of Canada.

Watch for possible panicked central bank rate declines in 2024. Mortgage rates stateside now breaking. Debt crash will be a doozy and inflation worries quickly forgotten as the real crisis implodes (IMO).

Gong-show continues . . . .

[sumdumguy]

Monetary policy (tax induced deflation) has as big an effect on the multiplier and GDP as interest rates. You see media questioning the difference between US and Canada and why Canada is sinking into depression while US with very similar economies is trudging along nicely despite ‘high’ interest rates. No one would dare mention the fact that Trudeau is taxing us to death - double-edge sword carbon taxes applied and reapplied (GST added) put a damper on economy while at same time the carbon taxes’ induce inflationary prices. Taxes kill the Canadian economy but the dictators are happy.

[errolanderson]

Just in, apparently . . . .

After today’s ho-hum U.S. inflation reading, some analysts now suggest possible four (4) Fed rate cuts in 2024.Panic about to set in and central bank policy at-its-worst. Bank of Canada may be the 1st to cut rates. Good grief . . . Just no plan, no foresight.

Good news, global urea export prices appear dropping steadily.

[furrowtickler]

Phos just jumped 10% locally

[biglentil]

CIBC terms and conditions state they can freeze your account if "We choose to".

[TOM4CWB]

Security errors…???

[TOM4CWB]

From the Frontier Center:

[errolanderson]

OPEC TROUBLE: After modest bounce, energies appear resuming downtrend. An opinion; WTI oil has 1st support @ $75, 2nd support @ $73.50, then $70 per barrel. Major support now seen approaching $63.50 per barrel. Gasoline and diesel futures off 8 and 9% respectively over past month.

Geo-political factors can derail oil downtrend temporarily (IMO).

[errolanderson]

CONSUMER SPENDING ALERT: Consumer debt crisis now imploding. This is no test. And retail and banker panic about to set in. Interest rates will drop, just a matter of when. Central bank policy disgusting to me.

The recent stock market rally can’t be more fake as economies slide IMO. This is classic herd mentality. Just wait till this herd disperses . . . .

Black Friday sales may be the real test. Errol’s Commodity Wire, Calgary.