@Tablesalt13 In the 90s, the US traded 🇺🇸 manufacturing jobs for low cost 🇨🇳 goods. Today, the West is trading high paying jobs for wage suppression.
Isn’t govt supposed to work FOR its people?
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Jimmy Crickets
2.7K posts
The US H1-B and Canadian TFW and international student India grift has been exposed.
There is no going back.
This thread is going to be pulled until the whole scam is revealed
this is going to be a long and painful process.
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@bilioannidis @Scott__Davey Now that we’ve established that Kitchener residents have historically overpaid, and are still doing so, one has to wonder: How do residents benefit by being forced to pay more for a service that everyone else gets from private sector?
What HH saves in taxes, they overpay on gas?
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@bilioannidis @Scott__Davey And now the criticism: 10 yrs ago it came to light that the avg customer paid over $200/yr more than a union gas contract. And Kitchener Gas is still 7.3% higher than union gas today. Residents overpay on utility bills in Kitchener, City receives a divy
ces-energy.com/news/kitchener…
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How much are property taxes going up?
- Kitchener's budget increase is 3.9% but we're only 30% of your tax bill, so we're adding 1.2%.
- Region of Waterloo is up 9.5%. They're 58% of your bill, so they're adding 5.5%.
Remaining 12% is frozen (Schools)
1.2% + 5.5% = 6.7% Total
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@FlavioVolpe1 I actually thought you might be saying this about Trudeau. It is an equally true sentiment.
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You can go f*ck right off now.
Rejected by your own country, now cow-towing to losers.
Go drive a boat.
Kevin O'Leary aka Mr. Wonderful@kevinolearytv
There's 41 million Canadians sitting on the world's largest amounts of all resources, including the most important, energy and water. Canadians over the holidays have been talking about this. They want to hear more. What this could be is the beginning of an economic union. Think about the power of combining the two economies and erasing the border between Canada and the United States. I like this idea and at least half of Canadians are interested. Nobody wants Trudeau to negotiate this deal. I don't want him doing it for me, so I'm going to go to Mar-a-Lago. I'll start the narrative.
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@MikePMoffatt Im all for both of the below, but the contrast is hilarious:
1. Toronto Council voted to allow cannabis retail stores in 2018 or ‘19 ✅
2. Toronto Council can’t wrap their heads around ice cream shops in neighbourhoods in 2024 ❌
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@danielfoch Meanwhile everyone is trying to get that $2-$10M deal, modelling a scenario exactly as you outline above.
We need to realize that all exits are closing for RE. Pre-con, condo, and now PBR w MLI Select.
Land needs to reset, taxes shed and construction costs slashed b4 next cycle
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This can't be good for all those MLI Select precon deals being modelled at 2% vacancy at 95% leverage and a 1.10 DSCR.
The largest increase in vacancy rates in 2024 occurred in newer units, jumping from 2% to over 7%.
Be careful out there folks.
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@danielfoch Should probably ignore the 5 yr, +1,199% return ;)
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@PHfloor I’m personally not a big fan of debt levels as a marker for how all in society are doing, as 70% of all debt was held by top 2 quintiles as of 2021. Not sure it has really changed.
Personally, I like savings rates as a marker of financial health.
Poor don’t get loans
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@Stockz55 Thanks for the nuanced view on it.
When we see what appears to be good numbers, we should always look under the surface distributional effects…is the ginni coefficient better or worse?
My sense tho, is if we want less debt, we need the chart move in the direction it’s moved
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Canada’s aggregate disposable income has increased impressively, while credit uptake has diminished.
Even good news, a retreat in exposure to debt, albeit small, is bad news in Canada.
red pill rick@igetredpilled
Canadians are deleveraging hard and it’s only gonna get worse before it gets better.
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@PHfloor With respect, charts with aggregate deleveraging is just as useful in understanding pain points in society as looking at aggregate savings rates.
If the top quintile all “deleverage” by buying fewer extra homes, that gives you a nice aggregate deleveraging chart
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@Stockz55 I would suggest that folks not get into too much debt, that they recognize that renting is more advantageous than buying, that they hustle, get married and have kids as early as they can.
And there won't be equal outcomes.
I like a chart that shows a bit of deleveraging.
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@PHfloor I’m not suggesting anyone marshall the political will to make this occur.
Inflation is equally terrible for those on margins (⬆️ food banks, homelessness, etc)
After +25 to 30% inflation over 5 yrs, I expect softening. HH budgets are unhealthy for 3/5 of income earners.
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@Stockz55 I’ve heard of no recession or deflationary bust that didn’t make those on the margins more worse off than better worse off.
But if the idea is to sacrifice those at the margins now in favor of those who would otherwise be at the margin in future, how would you orchestrate that?
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@PHfloor The lowest quintile has at least 5 quarters of not being able to save. If you look at shelter costs for that group, it is pushing them onto the streets (homelessness has doubled since 2020). Deflation is painful in short term, necessary for long term success of society
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Jimmy Crickets@Stockz55
@sammyj_19 One defining feature of this industry so far: if you get excited about a 5-10% pop and buy on it, you will lose on the inevitable 10-20% crash that will come within the next month. It is simply better to wait for real news. Let someone else take the losses until then
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@sammyj_19 One defining feature of this industry so far: if you get excited about a 5-10% pop and buy on it, you will lose on the inevitable 10-20% crash that will come within the next month.
It is simply better to wait for real news. Let someone else take the losses until then
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One add-on as the only fool who's looked at this daily for yrs:
Sector green, however rare, almost always comes in the form of buying in $MSOS creating underlying buy programs (ie. no sustained real buyers).
Sector red often sees arb neutrality, not sell arb (ie. real sellers).
Sammy J@sammyj_19
@TradetheAction Sector is green today because of $MSOS buy programs since it's trading healthy vol. at a premium to IV. If we're going to blame the ETF for red (despite tax loss/fundamental selling) then we should probably credit it as the only consistent buying source in the basket these days.
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@CityPlanTO @JasonThorne_RPP Let’s get your HAF initiatives going. You are projected to be more than 2 years delayed on a number of your 4 yr HAF projects. All while adding over 100K new ppl per year to the City.
Time to allow dev’t as of right! Enough with forcing zone changes for most dev’t
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Congrats and welcome @JasonThorne_RPP, Toronto's new Chief Planner and Executive Director of City Planning. Jason is an accomplished city builder with more than 25 years of private and public sector experience. Jason's joins the City of Toronto on December 30. Welcome Jason.
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@JGriesler It was $5 a month ago. Buying at $25 is still pretty dangerous
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@ONBigCityMayors @MariannMeedWard @fordnation x.com/onbigcitymayor…
And in 2021 Big City Mayors called for drugs to be decriminalized (which was obviously a mistake)
If anyone wonders how we got here, have no doubt that our “leaders” strongly promoted it, even to senior governments
Ontario’s Big City Mayors@ONBigCityMayors
Ontario's Big City Mayors are calling for decriminalization of controlled substances, mental health crisis teams as part of our position paper on Mental Health and Addictions. OBCM also passed motions regarding London attack, residential schools, &infrastructure funding. Details:
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OBCM Chair @MariannMeedWard responds to Premier @fordnation's announcement earlier today that the province is finalizing new initiatives and legislation to combat the homelessness, mental health and addictions crisis happening on our streets.
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@EricDLombardi The Feds borrowed, so you didn’t have to 🤣.
CERB and other benefits were terribly inflationary, and led to job openings not being filled quickly, which led to lobbying by the business groups, which then led to the “taps opening” on TFW, etc.
The Feds crashed the economy
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This claim is wrong, and it’s incredible how much it has been shared.
In 2022 alone, Canadian governments spent 6.8% of revenues on debt servicing costs. This is equivalent to about 2.5% of GDP.
There is a reason the poster doesn’t include a hard link to sources.
www150.statcan.gc.ca/n1/daily-quoti…
Peter Ratcliffe, forever Canadian 🇨🇦@PeterHRatcliffe
Canada is different somehow, exceptional actually. We have had 10 years of Progressive government, 10 years of CPC doom warnings, and our future debt servicing costs are lowest by far of G7. Look at these predictions of debt servicing costs for G7 Nations. The CPC lies.
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