tag:blogger.com,1999:blog-6616959642391988608.post164603602148952202..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Things look great in CanadaScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-6616959642391988608.post-76038583098017143892011-05-05T19:52:52.345-07:002011-05-05T19:52:52.345-07:00Mr. Grannis thank you for responding to my comment...Mr. Grannis thank you for responding to my comment - which was serious although I followed it with a smiley face. Perhaps we should continue this privately since I would like to better understand your point: <br /><br />"The main cause of the decline in tax receipts in both countries was not lower tax rates, but lower tax receipts,..."<br /><br />But doesn't history show that lower Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-40622139008971477442011-05-05T15:38:27.617-07:002011-05-05T15:38:27.617-07:00William: Sorry, but that doesn't wash. The mai...William: Sorry, but that doesn't wash. The main cause of the decline in tax receipts in both countries was not lower tax rates, but lower tax receipts, which in turn are largely a function of the strength of the economy, how many people are working, and corporate profits. <br /><br />You may have missed my numerous posts showing that federal tax revenues currently are rising at double-digit Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-65362967315498018952011-05-05T15:25:36.981-07:002011-05-05T15:25:36.981-07:00Canada was running consistent budget surpluses a f...Canada was running consistent budget surpluses a few years ago. What happened?<br /><br />Let me guess: Harper's lower taxes just like Bush's lower taxes wiped out the budget surplus that he inherited from Clinton ;~)<br /><br />Sorry Mr. Grannis, I couldn't let it pass without commenting.Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-26281018743646313142011-05-05T14:14:40.454-07:002011-05-05T14:14:40.454-07:00Canadian health care is no great deal. Lots of Can...Canadian health care is no great deal. Lots of Canadians seek out American proceedures. US/Cdn mortality rates are almost exactly the same. The US spends over twice as much per capita vs Canada - before 'free' health care. The taxpayer is getting gassed big time!<br /><br />A premium Cdn to US dollar effectively closes all Cdn manufacturing facilities. It's also great for US border TradingStrategyLetter - Weekly Summaryhttps://www.blogger.com/profile/06430136667577107255noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83079319875203826012011-05-05T13:58:44.872-07:002011-05-05T13:58:44.872-07:00Nice work Scott and good comments.
The Cdn financi...Nice work Scott and good comments.<br />The Cdn financial system is a 4 bank oligopoly who effectively own the country. They wanted to participate in the 2006-07 credit fiasco but were not allowed. <br />Canada and US are the biggest trading partners of each other. 70%of Cdn exports go to the USA. It is an incredible partnership for both parties. <br />The US buys more oil from Canada than TradingStrategyLetter - Weekly Summaryhttps://www.blogger.com/profile/06430136667577107255noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-14841609416261076982011-05-05T11:32:31.233-07:002011-05-05T11:32:31.233-07:00Benjamin:
That's why Canada is a terrible exa...Benjamin:<br /><br />That's why Canada is a terrible example for America. Americans deeply dislike Canada's healthcare system. <br /><br />Canadian don't want to be pulled into America's health care debate. BTW, the same applies for prescription medication...Frozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-41381146312555719232011-05-05T08:54:52.733-07:002011-05-05T08:54:52.733-07:00Frozen:
"Universal health care dramatically r...Frozen:<br />"Universal health care dramatically reduces corporations costs (sorry America), and consumes only half of what is consumed in the U.S."<br /><br />I often tell people I believe in free markets, but even more I believe in what works.<br /><br />Several modern nations have universal health care that consumes about one-half as much of GDP as the US system, and delivers roughlyBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-58366176153162567422011-05-05T06:35:02.318-07:002011-05-05T06:35:02.318-07:00First, Canada's economy is very different from...First, Canada's economy is very different from that of the U.S. We have 5 large banks - very conservative management that only "flirted" with Sub-prime mortgages. Nearly half of Canada's GDP is resource based. Universal health care dramatically reduces corporations costs (sorry America), and consumes only half of what is consumed in the U.S. Our army is minuscule compare to Frozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-70589194835874635802011-05-05T06:32:09.876-07:002011-05-05T06:32:09.876-07:00PPPS: The coming fiscal disaster looming in Califo...PPPS: The coming fiscal disaster looming in California will likely be the trigger for the monetary horrors still to come in the US -- everyone should keep their eyes on California (even as Congress and the Federal Reserve remain in denial regarding the full extent of the fiscal crises now unfolding in at least several US states) -- the horror...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-75842760778603609642011-05-05T06:26:57.795-07:002011-05-05T06:26:57.795-07:00PPS: The best dividend and rent-paying equities ar...PPS: The best dividend and rent-paying equities are a bargain right now -- likewise, commodities are as well -- as for Treasuries, beware...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-19865470698506965672011-05-05T06:23:37.339-07:002011-05-05T06:23:37.339-07:00PS: And certainly not ALL of the above (my previou...PS: And certainly not ALL of the above (my previous post) are likely to occur at once -- affirmation without discipline is the beginning of delusion...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-25373709078445932932011-05-05T06:21:43.728-07:002011-05-05T06:21:43.728-07:00Maybe commodities prices will collapse leaving onl...Maybe commodities prices will collapse leaving only US Treasuries and dollars as the only remaining "safe havens" for storing value globally (??!!??!!). Maybe US manufacturing will resume its leadership in the global economy during the coming decade through some miracle advance in productivity (??!!??!!). Maybe the US Congress will repeal Social Security and Medicare (??!!??!!). McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-86130800731684032082011-05-05T05:02:02.090-07:002011-05-05T05:02:02.090-07:00Yes things look great here in Canada, but… The mai...Yes things look great here in Canada, but… The main reason the economy has help up (so far) is growing household debt. Instead of deleveraging like our US friends credit up here has held up and grown. Canadian household debt has now surpassed the US. <br /><br />Mortgage credit is structured differently in Canada where it is supported directly by the taxpayer. The state run CMHC (Canada's Jean-Pierre Deslandeshttps://www.blogger.com/profile/02089882925568071398noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-750534973508473892011-05-04T21:41:29.607-07:002011-05-04T21:41:29.607-07:00Canada is a clear victory for counter-cyclical spe...Canada is a clear victory for counter-cyclical spending.<br /><br />It bailed out its banks (same per-capita rate as the USA) months before the US did, and the Federal & provincial governments have all run large deficits.<br /><br />Ontario's public debt, for instance, is now 9x larger per-capita than California.<br /><br />At the same time, its borrowing costs are very low, confidence inMatt Busiginhttps://www.blogger.com/profile/03262179214077430841noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-82996824246033162932011-05-04T16:03:30.134-07:002011-05-04T16:03:30.134-07:00Commercial real estate looks very squishy.
U.S.C...Commercial real estate looks very squishy.<br /><br /><br />U.S.CMBS Delinquency Rate Up Sharply in April - Biggest Rate Increase Since December 2010<br /><br />Multifamily Remains the Worst Performing Sector; Retail Now Over 8% for the first time<br /><br />Click HERE to request a copy of the April U.S. CMBS Delinquency Report. <br /><br />To automatically receive future delinquency reports, andBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-63582951818963976872011-05-04T15:17:33.973-07:002011-05-04T15:17:33.973-07:00TORONTO -(Dow Jones)- Canadian Bonds were higher F...TORONTO -(Dow Jones)- Canadian Bonds were higher Friday morning after Canada GDP for February fell the most since May 2009, after four straight months of growth, dragged lower by a sharp decline in manufacturing activity.<br /><br />"This industry's decline is not surprising given that the unsustainable growth over the last two months showed unusual strength. This month's decline is Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-55644189695614396862011-05-04T15:03:00.994-07:002011-05-04T15:03:00.994-07:00Didn't Canada's GDP go negative first quar...Didn't Canada's GDP go negative first quarter?Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-73151096777956309562011-05-04T14:51:21.167-07:002011-05-04T14:51:21.167-07:00BTW, Treasury yields slumping. Real estate washy. ...BTW, Treasury yields slumping. Real estate washy. If investors expect inflation, they sure don't manifest their sentiments in those two markets.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-69582275221999633862011-05-04T11:31:36.182-07:002011-05-04T11:31:36.182-07:00Now, if global warming turns out to be real, maybe...Now, if global warming turns out to be real, maybe it is time to move north.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com