Comments on: Dollar continued gains despite Central Bank intervention

By: Lav

Lav — Thu, 03 Apr 2014 16:34:00 +0000

http://www.huffingtonpost.ca/2014/04/03/trade-surplus-february_n_5083295.html?utm_hp_ref=canada-business

Yep, like I was saying… nothing like a shift in the currency to change numbers,

By: Lav

Lav — Wed, 12 Mar 2014 16:11:00 +0000

Ummm no it hasn’t. Both my rebuttal points refer to currency, I stood corrected on the date. An account deficit has nothing to do with a socialist platform. The fact it was so bad has more to do with the currency exchange rate than anything else. Now that the CAD is below the USD, you can watch that number decrease.

The fact you even brought that article into a discussion on socialism shows you either a) never bothered to even read it or b) have no idea which way is north.

Canadians pay higher taxes; they have better access to healthcare, their public education is ranked in the top 10, enjoy a better quality of life, and against all odds still have a booming real estate market. I would say what they are doing works.

By: Karen Mata

Karen Mata — Wed, 12 Mar 2014 15:26:00 +0000

Your rebuttal point has now shifted. I stand behind mine.

By: Lav

Lav — Wed, 12 Mar 2014 15:22:00 +0000

You realize the CAD just dropped below the USD… But good catch. The CAD was above the USD for a very long time, hence the reason for a deficit. It’s not a fair comparison when the reserve currency (the US economy) completely tanked. It’s easy to quote an example for an argument, but you never addressed the reason. The reason for the deficit is not because of a more socialist country…

Again with the childish banter… Maybe leave the discussion to the adults?

By: Karen Mata

Karen Mata — Wed, 12 Mar 2014 15:12:00 +0000

Globe and Mail December 31, 2013
“Canada’s current account deficit is 3.3% of GDP, vies for worst in developed world.”

Sorry, but try again honey.

By: Lav

Lav — Wed, 12 Mar 2014 11:58:00 +0000

You are basing Canada on news from 2 years ago… When the Canadian dollar was sitting higher than the American dollar. Now that the CAD is below the USD, the said deficit will turn into a surplus. Canada was selling its goods and receiving a lower value on the world in return… It doesn’t really take an economist to figure out what happens there.

Maybe you want to “try again honey”. Can we try maturity instead of childish banter?

By: mhogan

mhogan — Tue, 11 Mar 2014 21:50:00 +0000

Socialism, or Social Democraciy if you prefer, has a record of failure so blatant that only an intellectual can ignore it. If you are looking for anecdotal proof that social democracies work somewhere in time and place, just give that place time and it’ll prove you wrong. History is funny that way. Only in Costa Rica are they sufficiently arrogant to believe they can boldly do what no country has done before and not suffer the same outcome. CR, like many nations, is facing a declining demographic population — there’ll be more old people and less workers to support that utopian social democracy that you say works just fine. Couple that with policies and anti-foreigner attitudes and I beg to have an explanation of where all this money is going to come from. Maybe we can export our green-ness.

By: PublicEnemy2u

PublicEnemy2u — Tue, 11 Mar 2014 19:03:00 +0000

Denmark has long held the title of the best place on earth to be laid off. With an expensive, generous welfare state, and the world’s most lavish unemployment insurance scheme, virtually no one falls through the cracks upon losing a job.
But the government unveiled an unpleasant surprise in June, when it halved the country’s whopping four-year unemployment benefits period to help mend its finances after the financial crisis.

By: Karen Mata

Karen Mata — Tue, 11 Mar 2014 14:33:00 +0000

NYT “Denmark’s massive welfare state imposes the highest marginal income tax rates in the world to subsidize able-bodied Danes. The nation faces massive unemployment.”

Globe and Mail “Canada has a huge current account deficit which vies for the worst in the developed world.”

Refer to Ekonomifakta for Sweden’s structural problems which mirror the others.

By: El Torito

El Torito — Tue, 11 Mar 2014 10:38:00 +0000

Sweden, Denmark, and Canada come to mind, just to name a few.