Title: Re: Newfoundland Will be the First Domino to Fall: Province is Teetering on Bankruptcy
Post by: Anonymous on April 14, 2020, 12:39:58 PM
Post by: Anonymous on April 14, 2020, 12:39:58 PM
Title: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 14, 2020, 03:59:12 PM
Post by: Anonymous on April 14, 2020, 03:59:12 PM
These numbers—a significant departure from January's prediction of economic growth of 3.3%—assume a "baseline scenario" if countries resume normal economic activity, and large-scale financial strains, like widespread firm bankruptcies, can be curtailed.
"A partial recovery is projected for 2021, with above-trend growth rates, but the level of GDP will remain below the pre-virus trend, with considerable uncertainty about the strength of the rebound," Gopinath said.
Europe and the United States can expect to be particularly hard-hit this year with negative growth rates of 5.8% and 9.1% respectively.
For more than 170 countries, income per capita is expected to reduce.
No newsflashes here.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 14, 2020, 04:05:07 PM
Post by: Anonymous on April 14, 2020, 04:05:07 PM
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Frood on April 14, 2020, 04:12:36 PM
Post by: Frood on April 14, 2020, 04:12:36 PM
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 14, 2020, 04:17:38 PM
Post by: Anonymous on April 14, 2020, 04:17:38 PM
What's a little more debt when defaults were guaranteed to happen someday anyway...Quote from: "Dinky Dazza"
Before COVID-19, I was more concerned about consumer debt than public debt. Particularly in Canada which has the most indebted population in the OECD. But, as of right now, federally, we are going to run a deficit equal to one quarter of our annual GDP. And we haven't stopped spending yet.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Frood on April 14, 2020, 04:32:57 PM
Post by: Frood on April 14, 2020, 04:32:57 PM
What's a little more debt when defaults were guaranteed to happen someday anyway...Quote from: "Dinky Dazza"
Before COVID-19, I was more concerned about consumer debt than public debt. Particularly in Canada which has the most indebted population in the OECD. But, as of right now, federally, we are going to run a deficit equal to one quarter of our annual GDP. And we haven't stopped spending yet.
Debts aren't designed to be paid back...
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 14, 2020, 04:54:09 PM
Post by: Anonymous on April 14, 2020, 04:54:09 PM
What's a little more debt when defaults were guaranteed to happen someday anyway...Quote from: "Dinky Dazza"
Before COVID-19, I was more concerned about consumer debt than public debt. Particularly in Canada which has the most indebted population in the OECD. But, as of right now, federally, we are going to run a deficit equal to one quarter of our annual GDP. And we haven't stopped spending yet.
Debts aren't designed to be paid back...
There's a province in Canada, Alberta, that paid down their debt to zero and saved billions each year in interest payments. They are up to their eyeballs in debt like most other jurisdictions in North America.
Title: Re: Newfoundland Will be the First Domino to Fall: Province is Teetering on Bankruptcy
Post by: Anonymous on April 14, 2020, 07:10:21 PM
Post by: Anonymous on April 14, 2020, 07:10:21 PM
Another indication of just how devastating the pandemic has been on the economic front came from the International Monetary Fund whose latest forecast predicts Canada's economy will shrink by 6.2 per cent this year. That would be more than double the global retraction, which would be the worst year since the Great Depression of the 1930s, the fund said.Quote from: "seoulbro"
There is no future for Canada. I am out of here in three years and ten months. I cannot wait.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 15, 2020, 12:45:11 PM
Post by: Anonymous on April 15, 2020, 12:45:11 PM
And March may only be the tip of the iceberg
Canada's economy shrank by nine per cent in March, according to a flash estimate published by Statistics Canada on Wednesday.
The decline, StatsCan said, is the most severe since the series first began in 1961. March, as a result would drag down growth for the entire first quarter to -2.6 per cent.
And the entire country was not locked down until about March 10. Expect more of the same for April.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: @realAzhyaAryola on April 15, 2020, 04:29:42 PM
Post by: @realAzhyaAryola on April 15, 2020, 04:29:42 PM
This global depression we're in is totally man made and totally unnecessary.Quote from: "Shen Li"
True. Let's hope it improves soon after businesses open slowly.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 15, 2020, 07:14:00 PM
Post by: Anonymous on April 15, 2020, 07:14:00 PM
Statistics Canada for first time ever releases GDP data early — and it's the worst on record
And March may only be the tip of the iceberg
Canada's economy shrank by nine per cent in March, according to a flash estimate published by Statistics Canada on Wednesday.
The decline, StatsCan said, is the most severe since the series first began in 1961. March, as a result would drag down growth for the entire first quarter to -2.6 per cent.https://business.financialpost.com/news/economy/canadas-march-gdp-shrinks-a-record-9-from-february-statscan-flash-estimate
And the entire country was not locked down until about March 10. Expect more of the same for April.
I read too that this depression will hit Canada harder than most countries.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 15, 2020, 07:55:54 PM
Post by: Anonymous on April 15, 2020, 07:55:54 PM
Statistics Canada for first time ever releases GDP data early — and it's the worst on record
And March may only be the tip of the iceberg
Canada's economy shrank by nine per cent in March, according to a flash estimate published by Statistics Canada on Wednesday.
The decline, StatsCan said, is the most severe since the series first began in 1961. March, as a result would drag down growth for the entire first quarter to -2.6 per cent.https://business.financialpost.com/news/economy/canadas-march-gdp-shrinks-a-record-9-from-february-statscan-flash-estimate
And the entire country was not locked down until about March 10. Expect more of the same for April.
I read too that this depression will hit Canada harder than most countries.
Justine put a big closed sign on this country when it came to foreign investment in the energy sector. Now we are paying the price for his ideological stupidity.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 15, 2020, 11:39:03 PM
Post by: Anonymous on April 15, 2020, 11:39:03 PM
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Gaon on April 16, 2020, 04:03:18 PM
Post by: Gaon on April 16, 2020, 04:03:18 PM
The Canadian economy could contract between fifteen and thirty percent in the second quarter.Quote from: "seoulbro"
That will result in thousands of lives lost and a burden on hospitals.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 16, 2020, 10:23:05 PM
Post by: Anonymous on April 16, 2020, 10:23:05 PM
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Berry Sweet on April 16, 2020, 10:43:46 PM
Post by: Berry Sweet on April 16, 2020, 10:43:46 PM
This global depression we're in is totally man made and totally unnecessary.Quote from: "Shen Li"
I believe that too. I'm surprised it didn't happen earlier. I expect more of this shit to happen again.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 16, 2020, 10:48:04 PM
Post by: Anonymous on April 16, 2020, 10:48:04 PM
This global depression we're in is totally man made and totally unnecessary.Quote from: "Shen Li"
I believe that too. I'm surprised it didn't happen earlier. I expect more of this shit to happen again.
It started when we decided to create a depression to kill a flu bug.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Berry Sweet on April 16, 2020, 10:51:53 PM
Post by: Berry Sweet on April 16, 2020, 10:51:53 PM
This global depression we're in is totally man made and totally unnecessary.Quote from: "Shen Li"
I believe that too. I'm surprised it didn't happen earlier. I expect more of this shit to happen again.
It started when we decided to create a depression to kill a flu bug.
And it will develop from there.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 16, 2020, 10:55:36 PM
Post by: Anonymous on April 16, 2020, 10:55:36 PM
This global depression we're in is totally man made and totally unnecessary.Quote from: "Shen Li"
I believe that too. I'm surprised it didn't happen earlier. I expect more of this shit to happen again.
It started when we decided to create a depression to kill a flu bug.
And it will develop from there.
We did this to ourselves. We shouldn't have shut down the entire economy. That's just fucking insane.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Berry Sweet on April 16, 2020, 10:58:02 PM
Post by: Berry Sweet on April 16, 2020, 10:58:02 PM
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 16, 2020, 11:10:33 PM
Post by: Anonymous on April 16, 2020, 11:10:33 PM
Power and control...how far will it go?Quote from: "Berry Sweet"
An economic depression is chaos. This could be it for the West.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: cc on April 16, 2020, 11:34:22 PM
Post by: cc on April 16, 2020, 11:34:22 PM
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 16, 2020, 11:52:59 PM
Post by: Anonymous on April 16, 2020, 11:52:59 PM
salivating?Quote from: "cc"
Nope, but I'm sure some white libtards are.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Berry Sweet on April 17, 2020, 01:46:55 AM
Post by: Berry Sweet on April 17, 2020, 01:46:55 AM
Power and control...how far will it go?Quote from: "Berry Sweet"
An economic depression is chaos. This could be it for the West.
Isn't that the point? I do not wish for any country to suffer or it's people, it's not right.
Yes, it is chaos.. this is what our leaders are doing. We should be doing better than this.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 17, 2020, 02:00:29 AM
Post by: Anonymous on April 17, 2020, 02:00:29 AM
Power and control...how far will it go?Quote from: "Berry Sweet"
An economic depression is chaos. This could be it for the West.
Isn't that the point? I do not wish for any country to suffer or it's people, it's not right.
Yes, it is chaos.. this is what our leaders are doing. We should be doing better than this.
I know it's the point. This depression will kill more people than COVID-19 without the lock down.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: caskur on April 17, 2020, 03:02:19 AM
Post by: caskur on April 17, 2020, 03:02:19 AM
Power and control...how far will it go?Quote from: "Berry Sweet"
An economic depression is chaos. This could be it for the West.
China must be in a Tizz without their regular western customers and their relatives in western countries sending back home, money.
I saw an Indian chef cry on TV he wasn't earning any money to send home to the people he supports back home.
The chaos will be an Asian one. The west is pretty stocked up for at least 3 years. No need to cry foul just yet.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 17, 2020, 11:15:33 AM
Post by: Anonymous on April 17, 2020, 11:15:33 AM
Power and control...how far will it go?Quote from: "Berry Sweet"
An economic depression is chaos. This could be it for the West.China must be in a Tizz without their regular western customers and their relatives in western countries sending back home, money.
I saw an Indian chef cry on TV he wasn't earning any money to send home to the people he supports back home.
The chaos will be an Asian one. The west is pretty stocked up for at least 3 years. No need to cry foul just yet.
In China, it's not like the Philippines..
The relatives in China send money to the ones in the West..
Chinese don't go to the West to work and earn money like people from developing country..
They go to get a passport and then return to China.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Frood on April 18, 2020, 06:19:56 AM
Post by: Frood on April 18, 2020, 06:19:56 AM
Power and control...how far will it go?Quote from: "Berry Sweet"
An economic depression is chaos. This could be it for the West.China must be in a Tizz without their regular western customers and their relatives in western countries sending back home, money.
I saw an Indian chef cry on TV he wasn't earning any money to send home to the people he supports back home.
The chaos will be an Asian one. The west is pretty stocked up for at least 3 years. No need to cry foul just yet.
In China, it's not like the Philippines..
The relatives in China send money to the ones in the West..
Chinese don't go to the West to work and earn money like people from developing country..
They go to get a passport and then return to China.
The same with wealthy Indian students... I've seen cellphone candid snaps from plenty of Indian students crying poverty, barely going to Uni, working 1-2 jobs, and then bang! Photos of their family home and a few late model Mercedes or BMW's in their well manicured driveways...
...one used to see the same kind of student don high visibility vest and pretend to be surveying highly speculative pieces of commercial property before being noticed and fleeing from the scene...
(Which I immensely enjoyed doing to them... since they went through the lengthy process of making a professional scene by keeping vest and all equipment in the rear of their rental vehicles, like they were just on a job...)
The rental car rear windscreen stickers were always visible though and there are no surveyor's jobs that rely solely on digital cameras or cellphones....
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: caskur on April 18, 2020, 08:17:57 AM
Post by: caskur on April 18, 2020, 08:17:57 AM
I do hope Fash reads this about the Chinese Nationals being busted in a begging syndicate. VVVV
I caught a guy begging the other day. He fooled ALL the old people who gave him money... he stashed the notes under the blanket. The coins went in the hat.. No young person gave him anything.. not even a stare... They walked on by.
VVVV
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: caskur on April 18, 2020, 08:52:54 AM
Post by: caskur on April 18, 2020, 08:52:54 AM
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 18, 2020, 01:42:55 PM
Post by: Anonymous on April 18, 2020, 01:42:55 PM
They take a reduction in living standards for a few years, get a passport and then return home.
Not to mention China offers incentives to returnees.
China's Return Migration and its Impact on Home Development
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: @realAzhyaAryola on April 19, 2020, 12:36:42 PM
Post by: @realAzhyaAryola on April 19, 2020, 12:36:42 PM
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 19, 2020, 03:21:27 PM
Post by: Anonymous on April 19, 2020, 03:21:27 PM
The Managing Director of the IMF must always be a European while the President of the World Bank must always be an American.Quote from: "@realAzhyaAryola"ac_smile
Why?
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: @realAzhyaAryola on April 19, 2020, 03:50:56 PM
Post by: @realAzhyaAryola on April 19, 2020, 03:50:56 PM
The Managing Director of the IMF must always be a European while the President of the World Bank must always be an American.Quote from: "@realAzhyaAryola"ac_smile
Why?
"The policy is a long-standing "gentlemen's agreement" under which the IMF managing director is a European and the World Bank president is an American. There's no mention of the director's nationality in the IMF's Articles of Agreement, which state only that the director is appointed by the organization's executive board. The voting rules are set up so that countries with the highest "quotas" — a measure of the size of their economy and economic viability — are given preference for membership. In practice, for most of the IMF's history, this has meant that the United States and Western Europe have dominated the board."
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 19, 2020, 04:00:32 PM
Post by: Anonymous on April 19, 2020, 04:00:32 PM
The Managing Director of the IMF must always be a European while the President of the World Bank must always be an American.Quote from: "@realAzhyaAryola"ac_smile
Why?
"The policy is a long-standing "gentlemen's agreement" under which the IMF managing director is a European and the World Bank president is an American. There's no mention of the director's nationality in the IMF's Articles of Agreement, which state only that the director is appointed by the organization's executive board. The voting rules are set up so that countries with the highest "quotas" — a measure of the size of their economy and economic viability — are given preference for membership. In practice, for most of the IMF's history, this has meant that the United States and Western Europe have dominated the board."https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/
So, a Japanese or Korean could not hold either position.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: @realAzhyaAryola on April 19, 2020, 05:26:54 PM
Post by: @realAzhyaAryola on April 19, 2020, 05:26:54 PM
The Managing Director of the IMF must always be a European while the President of the World Bank must always be an American.Quote from: "@realAzhyaAryola"ac_smile
Why?
"The policy is a long-standing "gentlemen's agreement" under which the IMF managing director is a European and the World Bank president is an American. There's no mention of the director's nationality in the IMF's Articles of Agreement, which state only that the director is appointed by the organization's executive board. The voting rules are set up so that countries with the highest "quotas" — a measure of the size of their economy and economic viability — are given preference for membership. In practice, for most of the IMF's history, this has meant that the United States and Western Europe have dominated the board."https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/
So, a Japanese or Korean could not hold either position.
:ohmy:
Sorry!
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 19, 2020, 05:37:30 PM
Post by: Anonymous on April 19, 2020, 05:37:30 PM
The Managing Director of the IMF must always be a European while the President of the World Bank must always be an American.Quote from: "@realAzhyaAryola"ac_smile
Why?
"The policy is a long-standing "gentlemen's agreement" under which the IMF managing director is a European and the World Bank president is an American. There's no mention of the director's nationality in the IMF's Articles of Agreement, which state only that the director is appointed by the organization's executive board. The voting rules are set up so that countries with the highest "quotas" — a measure of the size of their economy and economic viability — are given preference for membership. In practice, for most of the IMF's history, this has meant that the United States and Western Europe have dominated the board."https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/
So, a Japanese or Korean could not hold either position.
:ohmy:
They get to serve the ramen.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Odinson on April 19, 2020, 05:52:28 PM
Post by: Odinson on April 19, 2020, 05:52:28 PM
I'd like to know where this guy hails from and why he is begging.Quote from: "caskur"
Looks like a dopehead... He spent his welfare check on dope..
Now he needs more money for dope.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: @realAzhyaAryola on April 19, 2020, 06:02:23 PM
Post by: @realAzhyaAryola on April 19, 2020, 06:02:23 PM
The Managing Director of the IMF must always be a European while the President of the World Bank must always be an American.Quote from: "@realAzhyaAryola"ac_smile
Why?
"The policy is a long-standing "gentlemen's agreement" under which the IMF managing director is a European and the World Bank president is an American. There's no mention of the director's nationality in the IMF's Articles of Agreement, which state only that the director is appointed by the organization's executive board. The voting rules are set up so that countries with the highest "quotas" — a measure of the size of their economy and economic viability — are given preference for membership. In practice, for most of the IMF's history, this has meant that the United States and Western Europe have dominated the board."https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/
So, a Japanese or Korean could not hold either position.
:ohmy:
They get to serve the ramen.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 19, 2020, 08:12:29 PM
Post by: Anonymous on April 19, 2020, 08:12:29 PM
The Managing Director of the IMF must always be a European while the President of the World Bank must always be an American.Quote from: "@realAzhyaAryola"ac_smile
Why?
"The policy is a long-standing "gentlemen's agreement" under which the IMF managing director is a European and the World Bank president is an American. There's no mention of the director's nationality in the IMF's Articles of Agreement, which state only that the director is appointed by the organization's executive board. The voting rules are set up so that countries with the highest "quotas" — a measure of the size of their economy and economic viability — are given preference for membership. In practice, for most of the IMF's history, this has meant that the United States and Western Europe have dominated the board."https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/
So, a Japanese or Korean could not hold either position.
:ohmy:
They get to serve the ramen.
ac_lmfao
That was good.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: caskur on April 20, 2020, 04:08:33 AM
Post by: caskur on April 20, 2020, 04:08:33 AM
I'd like to know where this guy hails from and why he is begging.Quote from: "caskur"
Looks like a dopehead... He spent his welfare check on dope..
Now he needs more money for dope.
Apparently there are others that beg also. I'm waiting for confirmation from my aunty when she comes over to see if he is the same person that asked her for money.
That blanket was clean and his shoes looked new. That means somewhere he has a roof over his head,...
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 29, 2020, 10:45:14 PM
Post by: Anonymous on April 29, 2020, 10:45:14 PM
That couldn't stop North American stock markets from continuing their powerful rebound from the coronavirus crash, with all major indices surging more than two per cent for the day. Wednesday's gains appeared to be driven by a positive update from Gilead Sciences Inc. on its efforts in testing a drug, Remdesivir, to treat COVID-19. There are hopes that the drug, if successful, will allow some semblance of normalcy to return to the economy.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: @realAzhyaAryola on April 29, 2020, 10:48:11 PM
Post by: @realAzhyaAryola on April 29, 2020, 10:48:11 PM
U.S. GDP fell 4.8 per cent in Q1. The worst since 2008. This included the month of January that saw close to 300, 000 jobs created. Q2 will be much worse.Quote from: "seoulbro"
That couldn't stop North American stock markets from continuing their powerful rebound from the coronavirus crash, with all major indices surging more than two per cent for the day. Wednesday's gains appeared to be driven by a positive update from Gilead Sciences Inc. on its efforts in testing a drug, Remdesivir, to treat COVID-19. There are hopes that the drug, if successful, will allow some semblance of normalcy to return to the economy.
Astonishingly good news.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 29, 2020, 10:52:38 PM
Post by: Anonymous on April 29, 2020, 10:52:38 PM
U.S. GDP fell 4.8 per cent in Q1. The worst since 2008. This included the month of January that saw close to 300, 000 jobs created. Q2 will be much worse.Quote from: "seoulbro"
That couldn't stop North American stock markets from continuing their powerful rebound from the coronavirus crash, with all major indices surging more than two per cent for the day. Wednesday's gains appeared to be driven by a positive update from Gilead Sciences Inc. on its efforts in testing a drug, Remdesivir, to treat COVID-19. There are hopes that the drug, if successful, will allow some semblance of normalcy to return to the economy.
Astonishingly good news.
There will be a correction in the markets. I would guess in the neighbourhood of ten per cent. The market rise is not based on earnings. It's based on containment and now the possibility of treatments for COVID-19.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 30, 2020, 02:31:28 PM
Post by: Anonymous on April 30, 2020, 02:31:28 PM
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 30, 2020, 03:32:20 PM
Post by: Anonymous on April 30, 2020, 03:32:20 PM
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on April 30, 2020, 10:58:17 PM
Post by: Anonymous on April 30, 2020, 10:58:17 PM
For 2.5 years I have been saying the Dippers and Liberals need to stop the insane spending levels and reserve cash for the pending economic credit bubble crunch ... a 12% shrinking of the economy is massive ... the bubble is about to explode.
Trudeau and Notley are THE dumbest people on the planet.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on May 01, 2020, 02:42:23 PM
Post by: Anonymous on May 01, 2020, 02:42:23 PM
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on May 01, 2020, 03:41:29 PM
Post by: Anonymous on May 01, 2020, 03:41:29 PM
The Canadian economy shrank by an estimated nine per cent in March as the novel coronavirus pandemic forced a partial lockdown of the country, Statistics Canada said on Wednesday.Quote from: "seoulbro"
Not to mention thousands of small businesses that will never return..
All of this pain thanks to a long lockdown.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: cc on May 01, 2020, 03:46:02 PM
Post by: cc on May 01, 2020, 03:46:02 PM
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on May 01, 2020, 04:08:52 PM
Post by: Anonymous on May 01, 2020, 04:08:52 PM
I choose to put the blame on China's invasion as the root cause of it allQuote from: "cc"
yes
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on May 05, 2020, 12:36:41 AM
Post by: Anonymous on May 05, 2020, 12:36:41 AM
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on May 08, 2020, 04:44:33 PM
Post by: Anonymous on May 08, 2020, 04:44:33 PM
Roughly three million jobs have been lost over the past two months, the steepest consecutive monthly declines in employment ever recorded
The Canadian economy lost two million jobs in April, an astonishing figure and, remarkably, one that might understate the damage caused so far by the coronavirus crisis, economists said.
Statistics Canada on Friday reported the collapse in employment caused the jobless rate to spike to 13 per cent from 7.8 per cent in March, nearly matching the highest ever recorded in data that date to the mid-1970s. In all, about 15 per cent of the labour force is currently without work.
"Job losses have been horrifically swift since February," Arlene Kish, an economist at IHS Markit, a data and research firm, said in a note to her clients.
Three million jobs lost to lockdowns in just two months. THREE MILLION.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Gaon on May 09, 2020, 01:16:10 PM
Post by: Gaon on May 09, 2020, 01:16:10 PM
'Quote from: "seoulbro"Horrifically swift': Canada lost almost two million jobs in April; jobless rate soars to 13%
Roughly three million jobs have been lost over the past two months, the steepest consecutive monthly declines in employment ever recorded
The Canadian economy lost two million jobs in April, an astonishing figure and, remarkably, one that might understate the damage caused so far by the coronavirus crisis, economists said.
Statistics Canada on Friday reported the collapse in employment caused the jobless rate to spike to 13 per cent from 7.8 per cent in March, nearly matching the highest ever recorded in data that date to the mid-1970s. In all, about 15 per cent of the labour force is currently without work.
"Job losses have been horrifically swift since February," Arlene Kish, an economist at IHS Markit, a data and research firm, said in a note to her clients.https://business.financialpost.com/news/economy/canada-lost-almost-two-million-in-april-jobless-rate-soars-to-13
Three million jobs lost to lockdowns in just two months. THREE MILLION.
All those job losses are a self inflicted wound.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on May 09, 2020, 04:19:25 PM
Post by: Anonymous on May 09, 2020, 04:19:25 PM
'Quote from: "seoulbro"Horrifically swift': Canada lost almost two million jobs in April; jobless rate soars to 13%
Roughly three million jobs have been lost over the past two months, the steepest consecutive monthly declines in employment ever recorded
The Canadian economy lost two million jobs in April, an astonishing figure and, remarkably, one that might understate the damage caused so far by the coronavirus crisis, economists said.
Statistics Canada on Friday reported the collapse in employment caused the jobless rate to spike to 13 per cent from 7.8 per cent in March, nearly matching the highest ever recorded in data that date to the mid-1970s. In all, about 15 per cent of the labour force is currently without work.
"Job losses have been horrifically swift since February," Arlene Kish, an economist at IHS Markit, a data and research firm, said in a note to her clients.https://business.financialpost.com/news/economy/canada-lost-almost-two-million-in-april-jobless-rate-soars-to-13
Three million jobs lost to lockdowns in just two months. THREE MILLION.
All those job losses are a self inflicted wound.
It was an overreaction based on hysteria that caused it..
I supported the idea of short term lock down at first, but now that I see the damage it caused, it's worse than the coronavirus.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on May 09, 2020, 05:45:36 PM
Post by: Anonymous on May 09, 2020, 05:45:36 PM
'Quote from: "seoulbro"Horrifically swift': Canada lost almost two million jobs in April; jobless rate soars to 13%
Roughly three million jobs have been lost over the past two months, the steepest consecutive monthly declines in employment ever recorded
The Canadian economy lost two million jobs in April, an astonishing figure and, remarkably, one that might understate the damage caused so far by the coronavirus crisis, economists said.
Statistics Canada on Friday reported the collapse in employment caused the jobless rate to spike to 13 per cent from 7.8 per cent in March, nearly matching the highest ever recorded in data that date to the mid-1970s. In all, about 15 per cent of the labour force is currently without work.
"Job losses have been horrifically swift since February," Arlene Kish, an economist at IHS Markit, a data and research firm, said in a note to her clients.https://business.financialpost.com/news/economy/canada-lost-almost-two-million-in-april-jobless-rate-soars-to-13
Three million jobs lost to lockdowns in just two months. THREE MILLION.
All those job losses are a self inflicted wound.
It was an overreaction based on hysteria that caused it..
I supported the idea of short term lock down at first, but now that I see the damage it caused, it's worse than the coronavirus.
Nobody can deny that total economic halt is not a proportional response.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on May 21, 2020, 01:50:18 AM
Post by: Anonymous on May 21, 2020, 01:50:18 AM
Annual inflation rate turned negative in April: StatCan
OTTAWA -- Canada's inflation rate turned negative in April as the economy came to a standstill in the first full month of the pandemic as part of a spending shift that a top central banker says may signal further changes in consumption patterns post-COVID-19.
Statistics Canada said Wednesday the consumer price index for April fell 0.2 per cent compared with a year ago, the first year-over-year decline since September 2009.
The reading compared with a year-over-year increase of 0.9 per cent in March, when the pandemic first started to affect the broader economy.
The drop in inflation in April was fuelled by a 39.3 per cent plunge in gasoline prices the largest year-over-year decline on record. Excluding energy, Statistics Canada said CPI rose 1.6 per cent.
"Even if the economy as a whole bounces back quickly when the shutdown is eased, some sectors may be permanently affected," Lane says in his speech, citing "lasting effect on travel of all kinds" and the "long-term prospects for oil demand and prices."
Prices have moved higher in recent weeks, TD Bank senior economist James Marple wrote in a report, suggesting "the biggest of the price declines are likely in the rear-view mirror."
Household cleaning products increased on a monthly basis by 4.6 per cent, while toilet paper fuelled an increase in the "paper supplies" category by six per cent, the largest monthly increase for that index on record.
Travel and accommodation prices fell 9.8 per cent on a yearly basis in April, the largest decline since 2011 as public health restrictions limited travel to and within Canada, the agency said.
Statistics Canada said there were notable declines in locations near major tourist attractions, including Niagara Falls and the Rocky Mountains.
Food prices for rice, eggs and margarine posted "significant increases," the agency said, coinciding with higher demand for non-perishable products as consumers were encouraged to limit shopping trips.
Prices for pork and beef increased by nine and 8.5 per cent, respectively, compared with April 2019. The change was due to a boost in sales and supply issues, including a slowdown in cross-border shipping and production cuts or temporary closures of Canadian meat processing plants, Statistics Canada said.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Frood on May 21, 2020, 02:33:51 AM
Post by: Frood on May 21, 2020, 02:33:51 AM
...and now they're gearing up to collapse it, default, cull the herds of unwanted, and bring down the hammer on liberties...
...
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on May 21, 2020, 02:40:54 AM
Post by: Anonymous on May 21, 2020, 02:40:54 AM
It's always been a manipulated Ponzi scheme...
...and now they're gearing up to collapse it, default, cull the herds of unwanted, and bring down the hammer on liberties...
...
I only have a high school diploma. But, I was able to have a challenging and lucrative career in an industry progtards say is evil. Prog money money won't rest until they have exterminated the middle class in developed countries. Average people with choices about their own lives stands in the way of their goal to control everybody.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on May 21, 2020, 04:55:14 AM
Post by: Anonymous on May 21, 2020, 04:55:14 AM
It's always been a manipulated Ponzi scheme...
...and now they're gearing up to collapse it, default, cull the herds of unwanted, and bring down the hammer on liberties...
...
I only have a high school diploma. But, I was able to have a challenging and lucrative career in an industry progtards say is evil. Prog money money won't rest until they have exterminated the middle class in developed countries. Average people with choices about their own lives stands in the way of their goal to control everybody.
I studied mechanical engineering for one and a half years. But, I only have high school too. I was able to have a career that provided for a comfortable lifestyle and soon a decent retirement. Progs want me collecting $500 instead. They are scum.
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on May 27, 2020, 11:46:50 AM
Post by: Anonymous on May 27, 2020, 11:46:50 AM
Title: Re: IMF: Global Growth Will Drop 3% Amid Worst Outlook ‘Since Great Depression’
Post by: Anonymous on May 28, 2020, 12:43:20 PM
Post by: Anonymous on May 28, 2020, 12:43:20 PM
A strong rebound in the final two quarters of 2020, though, is expected to continue into the next year, with the Conference Board projecting economic growth of six per cent for 2021.