Title: Financial Markets Take a Tumble after Brexit Vote
Post by: JOE on June 24, 2016, 05:47:00 AM
Post by: JOE on June 24, 2016, 05:47:00 AM
...the pound down, loonie down, shocks through the oil sector, Nikkei down, North American markets prepared for the worst...
...but some good buying opportunities.
Any suggestions, seoulbro?
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: JOE on June 24, 2016, 05:55:02 AM
Post by: JOE on June 24, 2016, 05:55:02 AM
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: smell the glove on June 24, 2016, 06:07:06 AM
Post by: smell the glove on June 24, 2016, 06:07:06 AM
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 24, 2016, 09:08:54 AM
Post by: Anonymous on June 24, 2016, 09:08:54 AM
As an investor, I am not worried... I am long term. Markets will easily recover in time.Quote from: "smell the glove"
I hope this will only be short term.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: RW on June 24, 2016, 10:43:59 AM
Post by: RW on June 24, 2016, 10:43:59 AM
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 24, 2016, 11:22:41 AM
Post by: Anonymous on June 24, 2016, 11:22:41 AM
It will be short term.Quote from: "RW"
That is correct. We are seeing a knee jerk reaction right now. The markets expected the remain side would prevail.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: RW on June 24, 2016, 11:45:48 AM
Post by: RW on June 24, 2016, 11:45:48 AM
It will be short term.Quote from: "RW"
That is correct. We are seeing a knee jerk reaction right now. The markets expected the remain side would prevail.
What are the consequences of these knee jerk reactions? Anything?
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 24, 2016, 11:57:55 AM
Post by: Anonymous on June 24, 2016, 11:57:55 AM
It will be short term.Quote from: "RW"
That is correct. We are seeing a knee jerk reaction right now. The markets expected the remain side would prevail.
What are the consequences of these knee jerk reactions? Anything?
The pound closed with it's worst showing in over thirty years. The Canadian dollar was down one and a half cents before North American markets opened today. The FTSE 100 was down nearly 9 per cent at one point.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: RW on June 24, 2016, 01:01:13 PM
Post by: RW on June 24, 2016, 01:01:13 PM
It will be short term.Quote from: "RW"
That is correct. We are seeing a knee jerk reaction right now. The markets expected the remain side would prevail.
What are the consequences of these knee jerk reactions? Anything?
The pound closed with it's worst showing in over thirty years. The Canadian dollar was down one and a half cents before North American markets opened today. The FTSE 100 was down nearly 9 per cent at one point.
That's the showing of the reaction but they are generally short term. My understanding is investors then see these dives as an opportunity to make a quick buck and throw money back into the markets and they bounce back rather quickly. I'm just wondering what "real life" effects these blips have.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 24, 2016, 02:25:36 PM
Post by: Anonymous on June 24, 2016, 02:25:36 PM
It will be short term.Quote from: "RW"
That is correct. We are seeing a knee jerk reaction right now. The markets expected the remain side would prevail.
What are the consequences of these knee jerk reactions? Anything?
The pound closed with it's worst showing in over thirty years. The Canadian dollar was down one and a half cents before North American markets opened today. The FTSE 100 was down nearly 9 per cent at one point.
That's the showing of the reaction but they are generally short term. My understanding is investors then see these dives as an opportunity to make a quick buck and throw money back into the markets and they bounce back rather quickly. I'm just wondering what "real life" effects these blips have.
Oh, I hope all this is short term.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 24, 2016, 04:17:31 PM
Post by: Anonymous on June 24, 2016, 04:17:31 PM
That's the showing of the reaction but they are generally short term. My understanding is investors then see these dives as an opportunity to make a quick buck and throw money back into the markets and they bounce back rather quickly. I'm just wondering what "real life" effects these blips have.
This will not be good for Canada's growth prospects.
Canada risks losing a significant part of its economic growth this year as a result of the Brexit vote, TD Bank warned Friday. Investors are engaging in a "flight to safety" -- abandoning riskier investments in favour of safe harbours like the U.S. dollar.
For Canada, the result could be a considerably weaker economy for the rest of this year than previously estimated, TD Bank said in a client note Friday morning.
"We estimate that confidence and financial spillovers from a leave result could shave about 0.5 to 1.0 percentage point off GDP growth for the U.S. and Canada in the second half of 2016," economists Beata Caranci and Fotios Raptis wrote.
Given that current forecasts see about 1.2 per cent to 1.5 per cent growth for Canada this year, Brexit could end cutting economic growth by as much as half.
Related: Track global market moves using MSN Money's Markets page
It's not because Canada is heavily dependent on trade with Britain; only about 3 per cent of Canadian trade is with the island nation. But uncertainty in the markets will cause business investment to drop, including in Canada, TD Bank said.
Canada's situation could be even worse if the Brexit vote leads to a prolonged commodity price slump, TD warned.
But that could be good news for Canada's indebted mortgage holders, who may have been given a respite from rising interest rates thanks to Brexit.
"A more prolonged slump would likely delay any plans by the Bank of Canada to increase its interest rate target," TD said, noting the same is true of U.S. interest rates.
"The Canadian regions most likely to feel the brunt of reduced U.K. demand are Newfoundland & Labrador, which ships about 8 per cent of its total annual goods exports to the U.K., and Ontario, which sends about 6 per cent of its annual goods exports to the U.K.," TD Bank wrote.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 24, 2016, 05:43:34 PM
Post by: Anonymous on June 24, 2016, 05:43:34 PM
That's the showing of the reaction but they are generally short term. My understanding is investors then see these dives as an opportunity to make a quick buck and throw money back into the markets and they bounce back rather quickly. I'm just wondering what "real life" effects these blips have.
This will not be good for Canada's growth prospects.http://www.msn.com/en-ca/money/topstories/brexit-could-hit-canada-hard-td-bank-warns/ar-AAhA72B?li=AAggNb9&ocid=mailsignout
Canada risks losing a significant part of its economic growth this year as a result of the Brexit vote, TD Bank warned Friday. Investors are engaging in a "flight to safety" -- abandoning riskier investments in favour of safe harbours like the U.S. dollar.
For Canada, the result could be a considerably weaker economy for the rest of this year than previously estimated, TD Bank said in a client note Friday morning.
"We estimate that confidence and financial spillovers from a leave result could shave about 0.5 to 1.0 percentage point off GDP growth for the U.S. and Canada in the second half of 2016," economists Beata Caranci and Fotios Raptis wrote.
Given that current forecasts see about 1.2 per cent to 1.5 per cent growth for Canada this year, Brexit could end cutting economic growth by as much as half.
Related: Track global market moves using MSN Money's Markets page
It's not because Canada is heavily dependent on trade with Britain; only about 3 per cent of Canadian trade is with the island nation. But uncertainty in the markets will cause business investment to drop, including in Canada, TD Bank said.
Canada's situation could be even worse if the Brexit vote leads to a prolonged commodity price slump, TD warned.
But that could be good news for Canada's indebted mortgage holders, who may have been given a respite from rising interest rates thanks to Brexit.
"A more prolonged slump would likely delay any plans by the Bank of Canada to increase its interest rate target," TD said, noting the same is true of U.S. interest rates.
"The Canadian regions most likely to feel the brunt of reduced U.K. demand are Newfoundland & Labrador, which ships about 8 per cent of its total annual goods exports to the U.K., and Ontario, which sends about 6 per cent of its annual goods exports to the U.K.," TD Bank wrote.
The key for Canada will be demand for resources. Demand will depend on how bad things get in the UK. If the economy tanks there, it will affect all of Europe, and demand for commodities will drop putting downward pressure on growth prospects here.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 24, 2016, 05:46:23 PM
Post by: Anonymous on June 24, 2016, 05:46:23 PM
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 24, 2016, 06:57:44 PM
Post by: Anonymous on June 24, 2016, 06:57:44 PM
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on June 24, 2016, 07:32:37 PM
Post by: Twenty Dollars on June 24, 2016, 07:32:37 PM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
What's wrong with keeping it in the Americas Herm? Brown skin?
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 24, 2016, 09:07:39 PM
Post by: Anonymous on June 24, 2016, 09:07:39 PM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
What's wrong with keeping it in the Americas Herm? Brown skin?
A developed economy that pays similar wages to the US and Canada or a corrupt narco-state. Use your little pea-sized brain Gomer.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: cc on June 24, 2016, 09:33:47 PM
Post by: cc on June 24, 2016, 09:33:47 PM
Why we would be in any free trade with a turd world entity boggles the mind and does no good for our workers. It works only for big companies who move their production there ... and works against regular folk
As for the expected next crap line "means lower prices", I'd rather pay more / pay my way and keep our workers making money
Nice crude try with the hokey racist ploy though
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 24, 2016, 09:44:50 PM
Post by: Anonymous on June 24, 2016, 09:44:50 PM
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: RW on June 24, 2016, 11:00:31 PM
Post by: RW on June 24, 2016, 11:00:31 PM
That's the showing of the reaction but they are generally short term. My understanding is investors then see these dives as an opportunity to make a quick buck and throw money back into the markets and they bounce back rather quickly. I'm just wondering what "real life" effects these blips have.
This will not be good for Canada's growth prospects.http://www.msn.com/en-ca/money/topstories/brexit-could-hit-canada-hard-td-bank-warns/ar-AAhA72B?li=AAggNb9&ocid=mailsignout
Canada risks losing a significant part of its economic growth this year as a result of the Brexit vote, TD Bank warned Friday. Investors are engaging in a "flight to safety" -- abandoning riskier investments in favour of safe harbours like the U.S. dollar.
For Canada, the result could be a considerably weaker economy for the rest of this year than previously estimated, TD Bank said in a client note Friday morning.
"We estimate that confidence and financial spillovers from a leave result could shave about 0.5 to 1.0 percentage point off GDP growth for the U.S. and Canada in the second half of 2016," economists Beata Caranci and Fotios Raptis wrote.
Given that current forecasts see about 1.2 per cent to 1.5 per cent growth for Canada this year, Brexit could end cutting economic growth by as much as half.
Related: Track global market moves using MSN Money's Markets page
It's not because Canada is heavily dependent on trade with Britain; only about 3 per cent of Canadian trade is with the island nation. But uncertainty in the markets will cause business investment to drop, including in Canada, TD Bank said.
Canada's situation could be even worse if the Brexit vote leads to a prolonged commodity price slump, TD warned.
But that could be good news for Canada's indebted mortgage holders, who may have been given a respite from rising interest rates thanks to Brexit.
"A more prolonged slump would likely delay any plans by the Bank of Canada to increase its interest rate target," TD said, noting the same is true of U.S. interest rates.
"The Canadian regions most likely to feel the brunt of reduced U.K. demand are Newfoundland & Labrador, which ships about 8 per cent of its total annual goods exports to the U.K., and Ontario, which sends about 6 per cent of its annual goods exports to the U.K.," TD Bank wrote.
I thought it might mean the UK itself would depend on its colonized partners more rather than less.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 24, 2016, 11:07:33 PM
Post by: Anonymous on June 24, 2016, 11:07:33 PM
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: cc on June 24, 2016, 11:24:49 PM
Post by: cc on June 24, 2016, 11:24:49 PM
What today's speculation is avoiding (because no one wants to go there) is that UK is stepping off an already slowly sinking ship = getting the best possible result for the UK in the long haul
So let's stop speculating, watch it all take place and accept it for what it is ... the best they were ever going to get
However they fare it will be a hell of a lot better than those still in the EU today ... and use of the word "today" was meant to have conotations
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 25, 2016, 12:21:45 AM
Post by: Anonymous on June 25, 2016, 12:21:45 AM
Any predictions are purely speculative, often emotionally driven. It will all take on its own life and and realityQuote from: "cc la femme"
What today's speculation is avoiding (because no one wants to go there) is that UK is stepping off an already slowly sinking ship = getting the best possible result for the UK in the long haul
So let's stop speculating, watch it all take place and accept it for what it is ... the best they were ever going to get
However they fare it will be a hell of a lot better than those still in the EU today ... and use of the word "today" was meant to have conotations
Ceec, I would have voted for Brexit. But, there will likely be some consequences for commodities and the Canadian economy at least in the short term.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: cc on June 25, 2016, 12:40:21 AM
Post by: cc on June 25, 2016, 12:40:21 AM
As for me. I'm proud of my heritage for the first time in decades .. although that is somewhat offset by the many twatwhaffles who still cling to the twatwhaffle ship emotionally.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 25, 2016, 12:44:17 AM
Post by: Anonymous on June 25, 2016, 12:44:17 AM
Yes, there will be. All I'm saying is that the EU is a sinking ship. Whatever the price of leaving now, it is a hell of a lot cheaper thaan than going down with the ship later onQuote from: "cc la femme"
As for me. I'm proud of my heritage for the first time in decades .. although that is somewhat offset by the many twatwhaffles who still cling to the ship emotionally.
I hope the separation can be quick and the pain over with as soon as possible.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 25, 2016, 01:16:49 AM
Post by: Anonymous on June 25, 2016, 01:16:49 AM
Any predictions are purely speculative, often emotionally driven. It will all take on its own life and and realityQuote from: "cc la femme"
What today's speculation is avoiding (because no one wants to go there) is that UK is stepping off an already slowly sinking ship = getting the best possible result for the UK in the long haul
So let's stop speculating, watch it all take place and accept it for what it is ... the best they were ever going to get
However they fare it will be a hell of a lot better than those still in the EU today ... and use of the word "today" was meant to have conotations
Ceec, I would have voted for Brexit. But, there will likely be some consequences for commodities and the Canadian economy at least in the short term.
I hope it's very short term Herman.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: cc on June 25, 2016, 01:22:35 AM
Post by: cc on June 25, 2016, 01:22:35 AM
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 25, 2016, 01:25:04 AM
Post by: Anonymous on June 25, 2016, 01:25:04 AM
Here's a shamelessly pilfered pic of exactly how I see it allQuote from: "cc la femme"(//%3C/s%3E%3CURL%20url=%22https://i.sli.mg/XEcAWk.jpg%22%3Ehttps://i.sli.mg/XEcAWk.jpg%3C/URL%3E%3Ce%3E)
lol cc la femme.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on June 25, 2016, 08:26:23 AM
Post by: Twenty Dollars on June 25, 2016, 08:26:23 AM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
What's wrong with keeping it in the Americas Herm? Brown skin?
A developed economy that pays similar wages to the US and Canada or a corrupt narco-state. Use your little pea-sized brain Gomer.
I'd take Latins any day over Middle Easterns. It amazes me coming from a Chinese person cheapest race of people on the planet. Rice brain.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on June 25, 2016, 08:56:00 AM
Post by: Twenty Dollars on June 25, 2016, 08:56:00 AM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
Again Herman, what's wrong with keeping it in the Americas? The rest of the world can fuck off as far as I'm concerned? Fuck the UK, France, Iran, etc, etc. Who needs them? All of everything we need, exists in North , Centeral, and South America.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on June 25, 2016, 10:00:37 AM
Post by: Twenty Dollars on June 25, 2016, 10:00:37 AM
Yes, there will be. All I'm saying is that the EU is a sinking ship. Whatever the price of leaving now, it is a hell of a lot cheaper thaan than going down with the ship later onQuote from: "cc la femme"
As for me. I'm proud of my heritage for the first time in decades .. although that is somewhat offset by the many twatwhaffles who still cling to the twatwhaffle ship emotionally.
What exactly is your heritage? I've heard a few stories, but won't assume anything.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 25, 2016, 01:47:35 PM
Post by: Anonymous on June 25, 2016, 01:47:35 PM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
Again Herman, what's wrong with keeping it in the Americas? The rest of the world can fuck off as far as I'm concerned? Fuck the UK, France, Iran, etc, etc. Who needs them? All of everything we need, exists in North , Centeral, and South America.
That question has been answered by two different posters. Having Mexico as a member of NAFTA is bad for Canadian and American workers. They do not pay wages Canadians or Americans can live on, they do not have the same worker safety standards and they do not have the same concern for environmental sustainability. Britain on the other had does. If the choice was between having a Mexico out and Britain in, it is a no brainer.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: RW on June 25, 2016, 01:47:59 PM
Post by: RW on June 25, 2016, 01:47:59 PM
Here's a shamelessly pilfered pic of exactly how I see it allQuote from: "cc la femme"(//%3C/s%3E%3CURL%20url=%22https://i.sli.mg/XEcAWk.jpg%22%3Ehttps://i.sli.mg/XEcAWk.jpg%3C/URL%3E%3Ce%3E)
I think that sums things up nicely.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: RW on June 25, 2016, 01:49:02 PM
Post by: RW on June 25, 2016, 01:49:02 PM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
Again Herman, what's wrong with keeping it in the Americas? The rest of the world can fuck off as far as I'm concerned? Fuck the UK, France, Iran, etc, etc. Who needs them? All of everything we need, exists in North , Centeral, and South America.
That question has been answered by two different posters. Having Mexico as a member of NAFTA is bad for Canadian and American workers. They do not pay wages Canadians or Americans can live on, they do not have the same worker safety standards and they do not have the same concern for environmental sustainability. Britain on the other had does. If the choice was between having a Mexico out and Britain in, it is a no brainer.
What do you mean "they do not pay wages Canadians and Americans can live on"?
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Gallium on June 25, 2016, 01:53:32 PM
Post by: Gallium on June 25, 2016, 01:53:32 PM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
Again Herman, what's wrong with keeping it in the Americas? The rest of the world can fuck off as far as I'm concerned? Fuck the UK, France, Iran, etc, etc. Who needs them? All of everything we need, exists in North , Centeral, and South America.
That question has been answered by two different posters. Having Mexico as a member of NAFTA is bad for Canadian and American workers. They do not pay wages Canadians or Americans can live on, they do not have the same worker safety standards and they do not have the same concern for environmental sustainability. Britain on the other had does. If the choice was between having a Mexico out and Britain in, it is a no brainer.
What do you mean "they do not pay wages Canadians and Americans can live on"?
Oh shut up!
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 25, 2016, 01:55:57 PM
Post by: Anonymous on June 25, 2016, 01:55:57 PM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
Again Herman, what's wrong with keeping it in the Americas? The rest of the world can fuck off as far as I'm concerned? Fuck the UK, France, Iran, etc, etc. Who needs them? All of everything we need, exists in North , Centeral, and South America.
That question has been answered by two different posters. Having Mexico as a member of NAFTA is bad for Canadian and American workers. They do not pay wages Canadians or Americans can live on, they do not have the same worker safety standards and they do not have the same concern for environmental sustainability. Britain on the other had does. If the choice was between having a Mexico out and Britain in, it is a no brainer.
What do you mean "they do not pay wages Canadians and Americans can live on"?
I live in Central Ontario. We have lost a lot of good auto parts supplier and assembly jobs to Mexico. Around here they made $20-$30 per hour plus overtime after eight hours, extended medical and pension. In Mexico these factories that have left are paying about $20-$30 per day so I have heard.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: cc on June 25, 2016, 01:59:39 PM
Post by: cc on June 25, 2016, 01:59:39 PM
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: RW on June 25, 2016, 02:03:27 PM
Post by: RW on June 25, 2016, 02:03:27 PM
Ahhh I see what you mean.I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
Again Herman, what's wrong with keeping it in the Americas? The rest of the world can fuck off as far as I'm concerned? Fuck the UK, France, Iran, etc, etc. Who needs them? All of everything we need, exists in North , Centeral, and South America.
That question has been answered by two different posters. Having Mexico as a member of NAFTA is bad for Canadian and American workers. They do not pay wages Canadians or Americans can live on, they do not have the same worker safety standards and they do not have the same concern for environmental sustainability. Britain on the other had does. If the choice was between having a Mexico out and Britain in, it is a no brainer.
What do you mean "they do not pay wages Canadians and Americans can live on"?
I live in Central Ontario. We have lost a lot of good auto parts supplier and assembly jobs to Mexico. Around here they made $20-$30 per hour plus overtime after eight hours, extended medical and pension. In Mexico these factories that have left are paying about $20-$30 per day so I have heard.
Is that taking into account how far a dollar goes in Mexico?
I agree that we've lost good paying jobs due to free trade. We will continue to do so as long as there are places with lower pay scales and standards.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Gallium on June 25, 2016, 02:08:01 PM
Post by: Gallium on June 25, 2016, 02:08:01 PM
STFU GamelliumQuote from: "cc la femme"
I'm on your side ya twot!
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 25, 2016, 02:10:07 PM
Post by: Anonymous on June 25, 2016, 02:10:07 PM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
Again Herman, what's wrong with keeping it in the Americas? The rest of the world can fuck off as far as I'm concerned? Fuck the UK, France, Iran, etc, etc. Who needs them? All of everything we need, exists in North , Centeral, and South America.
That question has been answered by two different posters. Having Mexico as a member of NAFTA is bad for Canadian and American workers. They do not pay wages Canadians or Americans can live on, they do not have the same worker safety standards and they do not have the same concern for environmental sustainability. Britain on the other had does. If the choice was between having a Mexico out and Britain in, it is a no brainer.
What do you mean "they do not pay wages Canadians and Americans can live on"?
I live in Central Ontario. We have lost a lot of good auto parts supplier and assembly jobs to Mexico. Around here they made $20-$30 per hour plus overtime after eight hours, extended medical and pension. In Mexico these factories that have left are paying about $20-$30 per day so I have heard.
Is that taking into account how far a dollar goes in Mexico?
I agree that we've lost good paying jobs due to free trade. We will continue to do so as long as there are places with lower pay scales and standards.
Ah you mean PPP. That I do not know.
This is a sensitive issue where I live. If we had a local referendum on an exit from NAFTA my gut tells me most of us would vote to get out. The provincial government overcharging for power does not help either.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 25, 2016, 02:28:51 PM
Post by: Anonymous on June 25, 2016, 02:28:51 PM
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 25, 2016, 02:32:46 PM
Post by: Anonymous on June 25, 2016, 02:32:46 PM
STFU GamelliumQuote from: "cc la femme"
I'm on your side ya twot!:laugh3:
Knock it off Gallium or you will be getting a temporary ban. Some of us are interested in this topic and do not want to read your pedo/hating on RW spam.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on June 25, 2016, 05:03:53 PM
Post by: Twenty Dollars on June 25, 2016, 05:03:53 PM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
Again Herman, what's wrong with keeping it in the Americas? The rest of the world can fuck off as far as I'm concerned? Fuck the UK, France, Iran, etc, etc. Who needs them? All of everything we need, exists in North , Centeral, and South America.
That question has been answered by two different posters. Having Mexico as a member of NAFTA is bad for Canadian and American workers. They do not pay wages Canadians or Americans can live on, they do not have the same worker safety standards and they do not have the same concern for environmental sustainability. Britain on the other had does. If the choice was between having a Mexico out and Britain in, it is a no brainer.
What do you mean "they do not pay wages Canadians and Americans can live on"?
I live in Central Ontario. We have lost a lot of good auto parts supplier and assembly jobs to Mexico. Around here they made $20-$30 per hour plus overtime after eight hours, extended medical and pension. In Mexico these factories that have left are paying about $20-$30 per day so I have heard.
So if that new carburetor is 30% more you, you'd be ok with it? Or the new washer/dryer, automobile? Most would would go the cheaper route, which perpetuates the whole thing. Pay workers more, so they can pay more? Still not seeing the logic?
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on June 25, 2016, 05:14:51 PM
Post by: Twenty Dollars on June 25, 2016, 05:14:51 PM
I remember when Chretien, Clinton and that former drug lord president of Mexico, I think it was Salinas signed the agreement. It was supposed to turn Mexico into an advanced nation. All it did was hollow out the auto sector in Canada as the Seoul brother talked about and give the gangs in Mexico new companies to shake down.Quote from: "Herman"
You can't always get what you want. Better to do business with the Chinese? Tell me about shit wages. There will always be those who can make it cheaper. Why not the Mexicans? They are part of the Americas.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: priscilla1961 on June 25, 2016, 05:53:41 PM
Post by: priscilla1961 on June 25, 2016, 05:53:41 PM
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: cc on June 25, 2016, 06:09:38 PM
Post by: cc on June 25, 2016, 06:09:38 PM
I remember when Chretien, Clinton and that former drug lord president of Mexico, I think it was Salinas signed the agreement. It was supposed to turn Mexico into an advanced nation. All it did was hollow out the auto sector in Canada as the Seoul brother talked about and give the gangs in Mexico new companies to shake down.Quote from: "Herman"
You can't always get what you want. Better to do business with the Chinese? Tell me about shit wages. There will always be those who can make it cheaper. Why not the Mexicans? They are part of the Americas.
Why should anyone outside of our countries make our goods?
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: JOE on June 25, 2016, 06:29:56 PM
Post by: JOE on June 25, 2016, 06:29:56 PM
And you can see which side their bread is buttered and where their axles are greased:
...they refuse to recognize the result.
[size=150]Globe editorial
The Brexit vote is complete folly, but there is still time to reverse it[/size]
First, the anger.
It is appalling that fear has won the day in Britain. In a result so close – 52 per cent Leave versus 48 Remain – it is inevitable that voters motivated by the veiled racism in the anti-immigration rhetoric of the Leave side had a direct impact on the outcome.
They may also have fallen for empty promises of a better life. On the morning after the vote, Nigel Farage, the leader of the UK Independence Party, said it was a "mistake" to mislead voters into thinking a Leave vote would put £350-million into the health system overnight. A "mistake." One that people no doubt based their votes on.
Some Leave voters were already expressing buyer's remorse in media interviews on Friday, wondering what they had gotten themselves and their country into. Angry populism that had promised "independence" had delivered isolation and uncertainty instead.
Boris Johnson, the opportunist who backed the Leave side in his eagerness to take control of the ruling Conservative Party, said, "This does not mean that the United Kingdom will be in any way less united, nor indeed does it mean that it will be in any way less European." But he is fooling himself and those who listen to him.
So much has been thrown into doubt. The foundational tenets of modern capitalism – that free trade brings prosperity and is the surest way of ensuring the peaceful co-existence of nations – have been rejected by one of the most advanced trading nations in the world.
The British pound has collapsed, stock markets are plunging and, contrary to Mr. Johnson's assertion, the future of the U.K. is very much in doubt. Scotland and Northern Ireland are both better off in the EU, and both voted heavily for the Remain side. They now have more ammunition than ever to argue their case for independence. England, where the Leave side won, has no ammunition at all – none – with which to fight back.
...anyways, feel free to weigh in with your reaction to the editorial.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: cc on June 25, 2016, 10:25:18 PM
Post by: cc on June 25, 2016, 10:25:18 PM
finally
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: JOE on June 25, 2016, 11:23:46 PM
Post by: JOE on June 25, 2016, 11:23:46 PM
It's O V E R .... and the good guys won oneQuote from: "cc la femme"
finally
...not sure if that's the case, cc.
Its another nation's referendum, don't live there.
I can see pros and cons for either side.
Actually I think you/we should be more concerned what's going on in our own backyard - how our provincial and civic leaders are managing our cities and the province. That has wider repercussions than a Brexit referendum thousands of miles away from our shores.
Ie - wasn't there a recent proposal to merge your city with Surrey?
With all the gangs, crime in that place, I'd be more concerned about that development than the Brexit. If you let some government official guided by self interest to determine your future, could be some gangland thug movin in your neighborhood. When you take your eye of your own backyard, things can take a turn for the worse.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: cc on June 26, 2016, 12:34:16 AM
Post by: cc on June 26, 2016, 12:34:16 AM
It's O V E R .... and the good guys won oneQuote
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on June 26, 2016, 08:37:51 AM
Post by: Twenty Dollars on June 26, 2016, 08:37:51 AM
I remember when Chretien, Clinton and that former drug lord president of Mexico, I think it was Salinas signed the agreement. It was supposed to turn Mexico into an advanced nation. All it did was hollow out the auto sector in Canada as the Seoul brother talked about and give the gangs in Mexico new companies to shake down.Quote from: "Herman"
You can't always get what you want. Better to do business with the Chinese? Tell me about shit wages. There will always be those who can make it cheaper. Why not the Mexicans? They are part of the Americas.
Why should anyone outside of our countries make our goods?
Because people within your country want cheaper prices. I know it's a secret. I won't tell.
Best we can do is at least keep it in the Americas.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on June 26, 2016, 12:32:39 PM
Post by: Twenty Dollars on June 26, 2016, 12:32:39 PM
Hello Twenty Dollars.Quote from: "priscilla1961"ac_wub
Good Afternoon Pricilla. Hope all is well with you. I've had some friends from NCal here. Doing the tourist thing with them. They left to go to Mal Pais this morning. Hope you have a nice Sunday.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 26, 2016, 01:36:57 PM
Post by: Anonymous on June 26, 2016, 01:36:57 PM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
Again Herman, what's wrong with keeping it in the Americas? The rest of the world can fuck off as far as I'm concerned? Fuck the UK, France, Iran, etc, etc. Who needs them? All of everything we need, exists in North , Centeral, and South America.
That question has been answered by two different posters. Having Mexico as a member of NAFTA is bad for Canadian and American workers. They do not pay wages Canadians or Americans can live on, they do not have the same worker safety standards and they do not have the same concern for environmental sustainability. Britain on the other had does. If the choice was between having a Mexico out and Britain in, it is a no brainer.
What do you mean "they do not pay wages Canadians and Americans can live on"?
I live in Central Ontario. We have lost a lot of good auto parts supplier and assembly jobs to Mexico. Around here they made $20-$30 per hour plus overtime after eight hours, extended medical and pension. In Mexico these factories that have left are paying about $20-$30 per day so I have heard.
So if that new carburetor is 30% more you, you'd be ok with it? Or the new washer/dryer, automobile? Most would would go the cheaper route, which perpetuates the whole thing. Pay workers more, so they can pay more? Still not seeing the logic?
Mexico being part of NAFTA has put Canadians out of work though. Chretien and Clinton sold us out.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 27, 2016, 04:03:17 PM
Post by: Anonymous on June 27, 2016, 04:03:17 PM
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 27, 2016, 09:10:59 PM
Post by: Anonymous on June 27, 2016, 09:10:59 PM
S&P said the the referendum result could lead to "a deterioration of the UK's economic performance, including its large financial services sector".
Rival agency Fitch lowered its rating from AA+ to AA, forecasting an "abrupt slowdown" in growth in the short-term.
The moves come after Chancellor George Osborne said the UK will face the future "from a position of strength".
Speaking earlier, in an attempt to restore calm to the markets, the chancellor said the economy would need to "adjust" but was strong enough to cope.
S&P had been the only major agency to maintain a AAA rating for the UK.
On Friday, Moody's cut the UK's credit rating outlook to negative.
A rating downgrade can affect how much it costs governments to borrow money in the international financial markets. In theory, a high credit rating means a lower interest rate (and vice versa).
S&P said that the leave result would "weaken the predictability, stability, and effectiveness of policymaking in the UK".
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: smell the glove on June 28, 2016, 04:24:19 AM
Post by: smell the glove on June 28, 2016, 04:24:19 AM
Free Trade works if you want cheap, disposable shit.
Free Trade doesn't work if you want jobs at home.
Take your pick between these two! You have only two choices, and nothing else!
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on June 28, 2016, 08:24:55 AM
Post by: Twenty Dollars on June 28, 2016, 08:24:55 AM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
What's wrong with keeping it in the Americas Herm? Brown skin?
A developed economy that pays similar wages to the US and Canada or a corrupt narco-state. Use your little pea-sized brain Gomer.
Like you'd pay more for anything. This fact is universal to your trade and Origen.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 28, 2016, 08:29:47 AM
Post by: Anonymous on June 28, 2016, 08:29:47 AM
I'll simplify things for everyone...Quote from: "smell the glove"
Free Trade works if you want cheap, disposable shit.
Free Trade doesn't work if you want jobs at home.
Take your pick between these two! You have only two choices, and nothing else!
When it is between third world and developed nations. That would not be the case with Britain in and Mexico out of NAFTA.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: cc on June 28, 2016, 11:23:13 AM
Post by: cc on June 28, 2016, 11:23:13 AM
Ditto to IH & Mel (the mel who would do better if he didn't use childish nics)I'll simplify things for everyone...Quote from: "smell the glove"
Free Trade works if you want cheap, disposable shit.
Free Trade doesn't work if you want jobs at home.
Take your pick between these two! You have only two choices, and nothing else!
While unnecessary in all cases, it "tends to work" between equally mature countries - Always fails miserable for mature countries dealing with 3rd world counties
In all regards, trade should be based on "
If you are buying more from any country than you are selling to it .. you are losing / it is not beneficial in "the overall" to the loser ... period!!
Someone, anyone
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: cc on June 28, 2016, 11:44:14 AM
Post by: cc on June 28, 2016, 11:44:14 AM
Meanwhile, today, the 3 hombres, 2 of whom don't give a shit about their people, meet to further the imbalance
One hombre is quietly laughing at them .. .thinking "I hope they stay stupid"
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: smell the glove on June 29, 2016, 03:23:29 AM
Post by: smell the glove on June 29, 2016, 03:23:29 AM
Ditto to IH & Mel (the mel who would do better if he didn't use childish nics)Quote from: "cc la femme"
Nobody likes my handle...
Perhaps I should register a new nick?
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: cc on June 29, 2016, 11:28:57 AM
Post by: cc on June 29, 2016, 11:28:57 AM
Ditto to IH & Mel (the mel who would do better if he didn't use childish nics)Quote from: "cc la femme"
Nobody likes my handle...
Perhaps I should register a new nick?
Up to you. I just don't like the feel of current one myself ... + does not make you sound remotely creditable
but, hey we both will survive it
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 29, 2016, 12:29:11 PM
Post by: Anonymous on June 29, 2016, 12:29:11 PM
I'll simplify things for everyone...Quote from: "smell the glove"
Free Trade works if you want cheap, disposable shit.
Free Trade doesn't work if you want jobs at home.
Take your pick between these two! You have only two choices, and nothing else!
While unnecessary in all cases, it "tends to work" between equally mature countries - Always fails miserable for mature countries dealing with 3rd world counties
In all regards, trade should be based on "roughly equal 2 way trade".
If you are buying more from any country than you are selling to it .. you are losing / it is not beneficial in "the overall" to the loser ... period!!
Someone, anyoneplease show me how the people of Canada win here..... I mean beyond greedy people wanting cheap disposable crap .. and a few corporations that moved to Mex for cheap labour http://www.ceocouncil.ca/wp-content/uploads/2014/02/Canadas-trade-with-Mexico-Laura-Dawson-February-2014.pdf
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 29, 2016, 02:23:38 PM
Post by: Anonymous on June 29, 2016, 02:23:38 PM
This par for the course in a lot of the countries I have worked in.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on June 29, 2016, 07:39:29 PM
Post by: Twenty Dollars on June 29, 2016, 07:39:29 PM
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 30, 2016, 03:43:16 AM
Post by: Anonymous on June 30, 2016, 03:43:16 AM
Interesting article. Didn't see anything regarding drug cartels or deals? Mexico will be a big player in the Americas.Quote from: "Twenty Dollars"
No, it did not mention them specifically. It did mention risks they faced including violence and crime. I don't think it would be too much of a stretch if the cartels saw these Canadian cmpanies as a new source of revenue.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: smell the glove on June 30, 2016, 06:52:49 AM
Post by: smell the glove on June 30, 2016, 06:52:49 AM
Up to you. I just don't like the feel of current one myself ... + does not make you sound remotely creditableQuote from: "cc la femme"
but, hey we both will survive it
I love floating through handles! Always have, and always will!
I will soon register a new one.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on June 30, 2016, 08:29:03 AM
Post by: Twenty Dollars on June 30, 2016, 08:29:03 AM
Interesting article. Didn't see anything regarding drug cartels or deals? Mexico will be a big player in the Americas.Quote from: "Twenty Dollars"
No, it did not mention them specifically. It did mention risks they faced including violence and crime. I don't think it would be too much of a stretch if the cartels saw these Canadian cmpanies as a new source of revenue.
Don't think so either. I think Herman was injecting yet another assumption.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: JOE on June 30, 2016, 09:20:29 AM
Post by: JOE on June 30, 2016, 09:20:29 AM
Mexico has finally opened up it's oilfield services sector to foreign expertise. This is good for senior upstream service hands like me if they want to work in Mexico. But, as the Canada West Foundation cautions the sector will be easy prey for the drug cartels who will likely demand a piece of the action to guarantee the peace.Quote from: "Herman"http://www.cbc.ca/news/business/mexico-oilandgas-suncor-atco-1.3618771
This par for the course in a lot of the countries I have worked in.
...was this your job, Herman?
...or one of them?
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 30, 2016, 11:27:08 AM
Post by: Anonymous on June 30, 2016, 11:27:08 AM
Interesting article. Didn't see anything regarding drug cartels or deals? Mexico will be a big player in the Americas.Quote from: "Twenty Dollars"
No, it did not mention them specifically. It did mention risks they faced including violence and crime. I don't think it would be too much of a stretch if the cartels saw these Canadian cmpanies as a new source of revenue.
Don't think so either. I think Herman was injecting yet another assumption.
Your assumption about Herman would likely be wrong..
We saw a show how the cartels steal fuel from pipelines and resell it..
They also threaten and extort money from Pemex employees..
If they do that to a state owned company and it's employees than they why not foreign contractors?
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 30, 2016, 12:01:54 PM
Post by: Anonymous on June 30, 2016, 12:01:54 PM
Street lights are brighter than TD.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 30, 2016, 12:57:43 PM
Post by: Anonymous on June 30, 2016, 12:57:43 PM
Who does TD think has the resources to carry out acts of crime and violence against companies and their employees in Mexico? A local youth gang supplementing their bike theft income?Quote from: "iron horse jockey"
Street lights are brighter than TD.
Meh, he is having a hard time finding a reason to post now that Scouse is history.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: cc on June 30, 2016, 01:11:53 PM
Post by: cc on June 30, 2016, 01:11:53 PM
Gove, a leaver, is running & second favorite
More important, May a "stay" is the favorite
"Brexit means Brexit... There must be no attempts to remain inside the EU, no attempts to rejoin it through the back door and no second referendum."
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on June 30, 2016, 02:06:11 PM
Post by: Anonymous on June 30, 2016, 02:06:11 PM
Boris is out - Looks like May is probable new PMQuote from: "cc la femme"
Gove, a leaver, is running & second favorite
More important, May a "stay" is the favorite
"Brexit means Brexit... There must be no attempts to remain inside the EU, no attempts to rejoin it through the back door and no second referendum."http://www.bbc.com/news/uk-politics-36618738
I am not surprised Boris does not want to be PM.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on June 30, 2016, 04:21:53 PM
Post by: Twenty Dollars on June 30, 2016, 04:21:53 PM
Who does TD think has the resources to carry out acts of crime and violence against companies and their employees in Mexico? A local youth gang supplementing their bike theft income?Quote from: "iron horse jockey"
Street lights are brighter than TD.
Last time you were in Mexico? You sound like a scared little man?
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on June 30, 2016, 04:23:47 PM
Post by: Twenty Dollars on June 30, 2016, 04:23:47 PM
Who does TD think has the resources to carry out acts of crime and violence against companies and their employees in Mexico? A local youth gang supplementing their bike theft income?Quote from: "iron horse jockey"
Street lights are brighter than TD.
Meh, he is having a hard time finding a reason to post now that Scouse is history.
Herm your true self always shines through. I can think of lots of things to say. Mostly real type stuff.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: cc on June 30, 2016, 04:47:06 PM
Post by: cc on June 30, 2016, 04:47:06 PM
where's your nazi pal when we need him?
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on July 01, 2016, 12:29:25 AM
Post by: Anonymous on July 01, 2016, 12:29:25 AM
Who does TD think has the resources to carry out acts of crime and violence against companies and their employees in Mexico? A local youth gang supplementing their bike theft income?Quote from: "iron horse jockey"
Street lights are brighter than TD.
Last time you were in Mexico? You sound like a scared little man?
In January. When was the last time you worked in oilfield services abroad?
You sound like an academically and socially challenged elementary school student.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on July 01, 2016, 08:31:50 AM
Post by: Twenty Dollars on July 01, 2016, 08:31:50 AM
Who does TD think has the resources to carry out acts of crime and violence against companies and their employees in Mexico? A local youth gang supplementing their bike theft income?Quote from: "iron horse jockey"
Street lights are brighter than TD.
Last time you were in Mexico? You sound like a scared little man?
In January. When was the last time you worked in oilfield services abroad?
You sound like an academically and socially challenged elementary school student.
Canada will soon be Mexicos little sister. Traveled through Mexico 15 times. Loved it every time. Travel is the best thing you can do for your self.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on July 01, 2016, 12:27:04 PM
Post by: Anonymous on July 01, 2016, 12:27:04 PM
Who does TD think has the resources to carry out acts of crime and violence against companies and their employees in Mexico? A local youth gang supplementing their bike theft income?Quote from: "iron horse jockey"
Street lights are brighter than TD.
Last time you were in Mexico? You sound like a scared little man?
In January. When was the last time you worked in oilfield services abroad?
You sound like an academically and socially challenged elementary school student.
Canada will soon be Mexicos little sister. Traveled through Mexico 15 times. Loved it every time. Travel is the best thing you can do for your self.
I don't know about that, but I have so little faith in our elected leaders that could possibly happen.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on July 01, 2016, 03:14:14 PM
Post by: Anonymous on July 01, 2016, 03:14:14 PM
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on July 02, 2016, 12:12:05 PM
Post by: Anonymous on July 02, 2016, 12:12:05 PM
What Canadian service providers potentially face in Mexico is no different than what they do in South America, all over Africa, the middle East or the former Soviet Union. Western companies and their employees are easy prey for organized crime especially when the gangsters have friends in high places. Canadian oilfield service hands are tough hombres. They won't be scared off.Quote from: "Herman"
My husband is well aware of the dangers involved in working in some countries Herman.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on July 02, 2016, 02:18:44 PM
Post by: Anonymous on July 02, 2016, 02:18:44 PM
What Canadian service providers potentially face in Mexico is no different than what they do in South America, all over Africa, the middle East or the former Soviet Union. Western companies and their employees are easy prey for organized crime especially when the gangsters have friends in high places. Canadian oilfield service hands are tough hombres. They won't be scared off.Quote from: "Herman"
My husband is well aware of the dangers involved in working in some countries Herman.
But, only quick install or troubleshoot jobs? Still can be dangerous as hell, but living in lawless holes for years is obviously so much more risky.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on July 03, 2016, 10:51:13 AM
Post by: Twenty Dollars on July 03, 2016, 10:51:13 AM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
What's wrong with keeping it in the Americas Herm? Brown skin?
A developed economy that pays similar wages to the US and Canada or a corrupt narco-state. Use your little pea-sized brain Gomer.
That's called protectionism. Prices rise, wages become stagnant. So after a time, workers can't afford the shit they make. That new ford you have your heart set on will cost 30% more. Pea sized brain? Think again.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on July 03, 2016, 02:10:11 PM
Post by: Anonymous on July 03, 2016, 02:10:11 PM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
What's wrong with keeping it in the Americas Herm? Brown skin?
A developed economy that pays similar wages to the US and Canada or a corrupt narco-state. Use your little pea-sized brain Gomer.
That's called protectionism. Prices rise, wages become stagnant. So after a time, workers can't afford the shit they make. That new ford you have your heart set on will cost 30% more. Pea sized brain? Think again.
That's not protectionism. Protectionism is the super high tariffs or rules Japan and Korea employ to artificially protect their auto sectors from competition. NAFTA with Mexico is a bad trade deal for Canada. Former pm Chretien did not have put the interests of Canadians who elected him first when he signed it.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on July 03, 2016, 02:50:23 PM
Post by: Twenty Dollars on July 03, 2016, 02:50:23 PM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
What's wrong with keeping it in the Americas Herm? Brown skin?
A developed economy that pays similar wages to the US and Canada or a corrupt narco-state. Use your little pea-sized brain Gomer.
That's called protectionism. Prices rise, wages become stagnant. So after a time, workers can't afford the shit they make. That new ford you have your heart set on will cost 30% more. Pea sized brain? Think again.
That's not protectionism. Protectionism is the super high tariffs or rules Japan and Korea employ to artificially protect their auto sectors from competition. NAFTA with Mexico is a bad trade deal for Canada. Former pm Chretien did not have put the interests of Canadians who elected him first when he signed it.
Herman what's it going to take for Canadian workers to continue to work and make a good wage? Tariffs, taxes that your Gov. would assess to keep foreign products competive with products manufactured in Canada, if you all choose to go that way. Do you mean your PM screwed all Canadians, or just the workers? Trump is proposing the same, tariffs and taxes to bring jobs back to the US. Protect the workers, who soon can no longer afford the stuff they make. Its already happend to skilled trades, police, fire fighters, teachers, people who can't afford to live where they work.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: cc on July 03, 2016, 07:37:31 PM
Post by: cc on July 03, 2016, 07:37:31 PM
Who wooda thot?
Even stranger, our proclaimed surfer seems to think that a few rich and many poor is a good thing
Who wooda thot?
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on July 03, 2016, 07:53:16 PM
Post by: Twenty Dollars on July 03, 2016, 07:53:16 PM
Strangely, regardless of cost of goods, people who have a good job can purchase much more than people not having a good jobQuote from: "cc la femme"
Who wooda thot?
Even stranger, our proclaimed surfer seems to think that a few rich and many poor is a good thing
Who wooda thot?
How enlightened you aren't. How again can Canada protect its workers? Tariffs, taxes. I say it's a shitty way to go, and you know what's that's called. Shoulda woulda coulda. Pie in the sky Econ in Fantisy land.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: cc on July 03, 2016, 08:11:27 PM
Post by: cc on July 03, 2016, 08:11:27 PM
You have become quite a drama queen with all the scary intended to degrade terms .. as vs dealing with horrendous (and stoopit) trade imbalance
enlightened
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on July 04, 2016, 12:33:24 AM
Post by: Anonymous on July 04, 2016, 12:33:24 AM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
What's wrong with keeping it in the Americas Herm? Brown skin?
A developed economy that pays similar wages to the US and Canada or a corrupt narco-state. Use your little pea-sized brain Gomer.
That's called protectionism. Prices rise, wages become stagnant. So after a time, workers can't afford the shit they make. That new ford you have your heart set on will cost 30% more. Pea sized brain? Think again.
That's not protectionism. Protectionism is the super high tariffs or rules Japan and Korea employ to artificially protect their auto sectors from competition. NAFTA with Mexico is a bad trade deal for Canada. Former pm Chretien did not have put the interests of Canadians who elected him first when he signed it.
Herman what's it going to take for Canadian workers to continue to work and make a good wage? Tariffs, taxes that your Gov. would assess to keep foreign products competive with products manufactured in Canada, if you all choose to go that way. Do you mean your PM screwed all Canadians, or just the workers? Trump is proposing the same, tariffs and taxes to bring jobs back to the US. Protect the workers, who soon can no longer afford the stuff they make. Its already happend to skilled trades, police, fire fighters, teachers, people who can't afford to live where they work.
What's it going to take for TD to comprehend what peoplevare writing? Herman id not opposed to trade. He's opposed to NAFTA.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Love Blob on July 04, 2016, 02:43:41 AM
Post by: Love Blob on July 04, 2016, 02:43:41 AM
Twenty Dollars is also enjoying the lifestyle he is, due to his
Twenty Dollars should not forget, that if the "free market" truly dictated wages and benefits, he wouldn't have the same retirement as he does now...
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on July 04, 2016, 08:40:43 AM
Post by: Twenty Dollars on July 04, 2016, 08:40:43 AM
I would like to see Canada and the US negotiate the UK's entrance into NAFTA. Kick Mexico out and bring the UK in. Call it TAFTA or Trans Atlantic Free Trade Agreement.Quote from: "Herman"
What's wrong with keeping it in the Americas Herm? Brown skin?
A developed economy that pays similar wages to the US and Canada or a corrupt narco-state. Use your little pea-sized brain Gomer.
That's called protectionism. Prices rise, wages become stagnant. So after a time, workers can't afford the shit they make. That new ford you have your heart set on will cost 30% more. Pea sized brain? Think again.
That's not protectionism. Protectionism is the super high tariffs or rules Japan and Korea employ to artificially protect their auto sectors from competition. NAFTA with Mexico is a bad trade deal for Canada. Former pm Chretien did not have put the interests of Canadians who elected him first when he signed it.
Herman what's it going to take for Canadian workers to continue to work and make a good wage? Tariffs, taxes that your Gov. would assess to keep foreign products competive with products manufactured in Canada, if you all choose to go that way. Do you mean your PM screwed all Canadians, or just the workers? Trump is proposing the same, tariffs and taxes to bring jobs back to the US. Protect the workers, who soon can no longer afford the stuff they make. Its already happend to skilled trades, police, fire fighters, teachers, people who can't afford to live where they work.
What's it going to take for TD to comprehend what peoplevare writing? Herman id not opposed to trade. He's opposed to NAFTA.
Please listen and read what I have posted. Do t care what Herman or CC say. Not even sure you know what youre saying. Know that Canada bought into NAFTA. A good thing for Canadians. At the same time, you all bitch and moan about it, because Canadian workers can no longer be competive. It's the way it is. @ the same time Canadians enjoy cheaper prices on imports. You'd all be lying if you say you don't take avanage of this situation. Maybe protectionism is something Canadians want? In the long run, it would benefit no one.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on July 04, 2016, 08:50:55 AM
Post by: Twenty Dollars on July 04, 2016, 08:50:55 AM
Strangely, regardless of cost of goods, people who have a good job can purchase much more than people not having a good jobQuote from: "cc la femme"
Who wooda thot?
Even stranger, our proclaimed surfer seems to think that a few rich and many poor is a good thing
Who wooda thot?
Some how CC, your enuendo proves my point. The economy, trade, and jobs are never Disney like, because people are people, and this is where it always falls apart. BUY CANADIAN? Don't think you will, because it cost more, or it plain is not made where you live. Canadian markets are flooded with cheaper Imports. This is what most Canadians want, just like in the states. Don't see this changing anytime soon.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on July 04, 2016, 02:08:57 PM
Post by: Twenty Dollars on July 04, 2016, 02:08:57 PM
Twenty Dollars speaks quite highly of "free trade, and free market."Quote from: "Love Blob"
Twenty Dollars is also enjoying the lifestyle he is, due to hisUnion pensionfrom his employer.
Twenty Dollars should not forget, that if the "free market" truly dictated wages and benefits, he wouldn't have the same retirement as he does now...
I don't forget. I am also aware that I generally have choice when it comes to purchasing goods in the States. The best part is I can spend as I see fit, just like all of you.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on July 04, 2016, 02:15:54 PM
Post by: Twenty Dollars on July 04, 2016, 02:15:54 PM
protecting our people is what it's called .. a concept you seem to not like in preference to having many poor and a few rich as exists todayQuote from: "cc la femme"
You have become quite a drama queen with all the scary intended to degrade terms .. as vs dealing with horrendous (and stoopit) trade imbalance
enlightened:laugh: .. where's your nazi half when we need it?
More enuendo CC? Do I piss you off when you describe how it should be, and I explain why it isn't I do believe Mexico will one day own Canada. Mexico has many more resources, as I explained before. Let's have a discussion, or do you prefer tit for tat?
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on July 04, 2016, 02:20:03 PM
Post by: Anonymous on July 04, 2016, 02:20:03 PM
Please listen and read what I have posted. Do t care what Herman or CC say. Not even sure you know what youre saying. Know that Canada bought into NAFTA. A good thing for Canadians. At the same time, you all bitch and moan about it, because Canadian workers can no longer be competive. It's the way it is. @ the same time Canadians enjoy cheaper prices on imports. You'd all be lying if you say you don't take avanage of this situation. Maybe protectionism is something Canadians want? In the long run, it would benefit no one.
You have no idea of how NAFTA has affected Canada. You are going on about free trade as an idea without knowing anything of the arrangement you are speaking about.
I am a free trader. My province exports over 50 per cent of our agricultural products and natural resources. It's good for working Saskatchewan workers. NAFTA as it was signed by our former pm does not benefit Canadian workers and not even Canadian auto prices. It was a sellout of Canadians.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on July 04, 2016, 05:20:23 PM
Post by: Twenty Dollars on July 04, 2016, 05:20:23 PM
Please listen and read what I have posted. Do t care what Herman or CC say. Not even sure you know what youre saying. Know that Canada bought into NAFTA. A good thing for Canadians. At the same time, you all bitch and moan about it, because Canadian workers can no longer be competive. It's the way it is. @ the same time Canadians enjoy cheaper prices on imports. You'd all be lying if you say you don't take avanage of this situation. Maybe protectionism is something Canadians want? In the long run, it would benefit no one.
You have no idea of how NAFTA has affected Canada. You are going on about free trade as an idea without knowing anything of the arrangement you are speaking about.
I am a free trader. My province exports over 50 per cent of our agricultural products and natural resources. It's good for working Saskatchewan workers. NAFTA as it was signed by our former pm does not benefit Canadian workers and not even Canadian auto prices. It was a sellout of Canadians.
Sorry Herman. Let's agree to disagree.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on July 04, 2016, 11:28:32 PM
Post by: Anonymous on July 04, 2016, 11:28:32 PM
Please listen and read what I have posted. Do t care what Herman or CC say. Not even sure you know what youre saying. Know that Canada bought into NAFTA. A good thing for Canadians. At the same time, you all bitch and moan about it, because Canadian workers can no longer be competive. It's the way it is. @ the same time Canadians enjoy cheaper prices on imports. You'd all be lying if you say you don't take avanage of this situation. Maybe protectionism is something Canadians want? In the long run, it would benefit no one.
You have no idea of how NAFTA has affected Canada. You are going on about free trade as an idea without knowing anything of the arrangement you are speaking about.
I am a free trader. My province exports over 50 per cent of our agricultural products and natural resources. It's good for working Saskatchewan workers. NAFTA as it was signed by our former pm does not benefit Canadian workers and not even Canadian auto prices. It was a sellout of Canadians.
The original idea was to make Mexico a first world nation. Did Clinton and Chretien really believe that was going to be the result?
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Love Blob on July 05, 2016, 04:03:33 AM
Post by: Love Blob on July 05, 2016, 04:03:33 AM
I do believe Mexico will one day own Canada. Mexico has many more resources, as I explained before.Quote from: "Twenty Dollars"
Mexico? Um, no. Mexico is owning the States right now, with their influx of illegals and nothing else.
Canada does thank you though, for absorbing them like a tampon, before they reach our borders.
Canada has resources also. Properly handled, we could make things work. Nonetheless, the US is our largest trading partner (both ways, I believe), so it is what it is!
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Twenty Dollars on July 05, 2016, 08:51:47 AM
Post by: Twenty Dollars on July 05, 2016, 08:51:47 AM
I do believe Mexico will one day own Canada. Mexico has many more resources, as I explained before.Quote from: "Twenty Dollars"
Mexico? Um, no. Mexico is owning the States right now, with their influx of illegals and nothing else.
Canada does thank you though, for absorbing them like a tampon, before they reach our borders.
Canada has resources also. Properly handled, we could make things work. Nonetheless, the US is our largest trading partner (both ways, I believe), so it is what it is!
Blob they exist in your country as well, not to mention Guatamalans, Hondurans, Salvadorenos, Costa Ricans. You think they are all Mexicans. Are you worried about losing your job? Maybe you don't work? I don't. Mostly surf, people watch, visiting, riding my bike. Brown skinned folks don't seem to be so full of themselves. Really wouldn't expect anyone here to get that.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on July 05, 2016, 01:49:09 PM
Post by: Anonymous on July 05, 2016, 01:49:09 PM
Please listen and read what I have posted. Do t care what Herman or CC say. Not even sure you know what youre saying. Know that Canada bought into NAFTA. A good thing for Canadians. At the same time, you all bitch and moan about it, because Canadian workers can no longer be competive. It's the way it is. @ the same time Canadians enjoy cheaper prices on imports. You'd all be lying if you say you don't take avanage of this situation. Maybe protectionism is something Canadians want? In the long run, it would benefit no one.
You have no idea of how NAFTA has affected Canada. You are going on about free trade as an idea without knowing anything of the arrangement you are speaking about.
I am a free trader. My province exports over 50 per cent of our agricultural products and natural resources. It's good for working Saskatchewan workers. NAFTA as it was signed by our former pm does not benefit Canadian workers and not even Canadian auto prices. It was a sellout of Canadians.
The original idea was to make Mexico a first world nation. Did Clinton and Chretien really believe that was going to be the result?
The former pm and president signed a deal with a frickin drug kingpin, Carlos Salinas.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on July 07, 2016, 05:58:26 PM
Post by: Anonymous on July 07, 2016, 05:58:26 PM
Please listen and read what I have posted. Do t care what Herman or CC say. Not even sure you know what youre saying. Know that Canada bought into NAFTA. A good thing for Canadians. At the same time, you all bitch and moan about it, because Canadian workers can no longer be competive. It's the way it is. @ the same time Canadians enjoy cheaper prices on imports. You'd all be lying if you say you don't take avanage of this situation. Maybe protectionism is something Canadians want? In the long run, it would benefit no one.
You have no idea of how NAFTA has affected Canada. You are going on about free trade as an idea without knowing anything of the arrangement you are speaking about.
I am a free trader. My province exports over 50 per cent of our agricultural products and natural resources. It's good for working Saskatchewan workers. NAFTA as it was signed by our former pm does not benefit Canadian workers and not even Canadian auto prices. It was a sellout of Canadians.
The original idea was to make Mexico a first world nation. Did Clinton and Chretien really believe that was going to be the result?
The former pm and president signed a deal with a frickin drug kingpin, Carlos Salinas.
There other countries in Latin America that might have been a better fit for NAFTA. Chile for example. Could have called it AFTA. At the very least Mexico's full membership should have been phased in over a long period of time and only after reaching certain benchmarks.
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on July 07, 2016, 07:24:36 PM
Post by: Anonymous on July 07, 2016, 07:24:36 PM
Title: Re: Financial Markets Take a Tumble after Brexit Vote
Post by: Anonymous on July 10, 2016, 06:22:14 PM
Post by: Anonymous on July 10, 2016, 06:22:14 PM
We should make an offer to Britain to join NAFTA and kick Mexico out. Call it TAFTA.Quote from: "Herman"
There would be support for that where I live.