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 Post subject: Re: Money Sense
Unread postPosted: December 31st, 2019, 6:04 pm 
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Joined: October 13th, 2019, 6:54 pm
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seoulbro wrote:
In 2019 the TSX was up 19%, the Dow up 22% and the Nasdaq 34%. ac_dance

Hooray for my pension.


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 Post subject: Re: Money Sense
Unread postPosted: January 9th, 2020, 12:36 pm 
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The markets have shrugged off any threat of war and the Dow, Nasdaq and TSX are all roaring right back to where they were before a missile strike killed an infamous Iranian terrorist. The Dow is closing in on 29,000. :shock:

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: January 15th, 2020, 11:30 am 
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Global market are reacting favourably with the Dow trading at the time of this post at an all time high of 29,016.
U.S. and China Sign Phase One of Trade Deal

The deal commits China to do more to crack down on the theft of American technology and corporate secrets by its companies and state entities, while outlining a $200 billion spending spree to try to close its trade imbalance with the U.S. It also binds Beijing to avoiding currency manipulation to gain an advantage and includes an enforcement system to ensure promises are kept.
https://www.bloomberg.com/news/articles ... remarkable

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: January 20th, 2020, 11:28 am 
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This is scary.

50% of Canadians face insolvency amid 'debt hopelessness': Survey

Half of Canadians are on the verge of insolvency, according to a survey on household debt levels in this country.

The latest MNP Consumer Debt Index published Monday shows 50 per cent of respondents said they're within $200 of not being able to cover their monthly bills, and nearly an equal proportion of participants in the survey (49 per cent) said they aren't confident in their ability to cover expenses without going deeper into debt.

“Our findings may point to a shift among some Canadians from debt apathy to debt hopelessness. Feelings of hopelessness can make people feel like giving up on ever paying down their debt or, worse, ignoring the debt as it piles up higher,” said MNP President Grant Bazian in a release.

The survey underscores the extent to which household balance sheets have become stretched in Canada, but it's by no means the only indicator as the Bank of Canada prepares to release its next interest rate decision on Wednesday.

One week ago, the central bank's survey of consumer expectations revealed a widening gap in spending growth expectations versus anticipated income growth, suggesting consumers will either have to borrow more or cut their spending plans.


And the most recent data from Statistics Canada similarly exposed mounting vulnerabilities, with the seasonally-adjusted credit market debt to disposable income ratio rising to 171.84 in the third quarter. This means Canadians, on average, owed almost $1.72 for every dollar of disposable income.
https://www.bnnbloomberg.ca/50-of-canad ... -1.1376463

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: January 20th, 2020, 11:49 am 
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Joined: October 13th, 2019, 6:54 pm
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We know people that are one paycheque away from being homeless and they are gainfully employed..

The federal government doesn't help by raising taxes and cancelling income splitting and tax credits families relied on.


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 Post subject: Re: Money Sense
Unread postPosted: January 20th, 2020, 1:46 pm 
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Joined: July 20th, 2015, 7:24 pm
Posts: 17111
What do you think of this Seoul brother.
Image
https://business.financialpost.com/news ... HGW708l2zQ

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 Post subject: Re: Money Sense
Unread postPosted: January 20th, 2020, 1:55 pm 
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Joined: October 13th, 2019, 6:54 pm
Posts: 2205
Herman wrote:
What do you think of this Seoul brother.
Image
https://business.financialpost.com/news ... HGW708l2zQ

Justin Trudeau has Canada on the wrong track.


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